About Mobile POS Device
A smartphone, tablet, or wireless device that can accept card and digital payments is known as a mobile POS terminal. The gadget enables retailers to take payments from consumers through the internet, allowing them to be untethered from a particular location. A credit card reader may take payments from consumers using an application placed on the device.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.2% |
The size, share, and tactics of the competitive market participants are recognized. Player’s business profile, including recent key advancements, product portfolios, revenue, main capabilities, and financials. Furthermore, strategic mergers and acquisitions, as well as technical advancements, are two of the manufacturers' main emphasis areas. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mobile POS Device market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ingenico (France), Verifone (United States), First Data (United States), PAX Global Technology (Hong Kong), NCR Corporation (United States), Diebold Nixdorf (United States), BBPOS (Hong Kong), Elavon (United States), Castles Technology (Taiwan), Winpos (Finland), BITEL (Korea) and Cegid Group (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Squirrel Systems (Canada), Newland Payment Technology (China) and CITIXSYS AMERICAS (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mobile POS Device market by Type (Card Reader, Chip-and-PIN Reader and Others), Application (Retail, Restaurants, Hospitality, Healthcare, Transportation, Ware House, Sports & Entertainment and Other) and Region.
On the basis of geography, the market of Mobile POS Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium Enterprises will boost the Mobile POS Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Mobile POS Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Deployment of Cost-Effective Cloud-Based POS Terminal
Market Growth Drivers:
Growing Demand for Digital Payment such as Google Pay, Amazon Pay and Increasing Acceptance of Contactless Payment
Challenges:
Lack of Standardization and Security Concern will hamper the Mobile POS Device Market
Restraints:
Lack of Availability of Infrastructure and Weak Internet Connectivity can Constrain the Mobile POS Device Market
Opportunities:
Increasing Use of Credit Card Payment and Seamless Payment Experience of Customer Will Propel the Mobile POS Device Market and Widely Use in Vertical Field Such as Hospital, Retail and Restaurants Will Boost the Mobile POS Device Market
Market Leaders and their expansionary development strategies
On 05 Nov 2020, Posera, a software solution provider, and Touch Dynamic, a leader in all-in-one touch system partnership and jointly announce the launch of the New Maitre’D Mobile POS System powered by Quest POS tablet series enabling for table-side and payment order. The partnership helps both the company with the new Maitre'D mobile POS, which runs on the state-of-the-art Quest III portable tablets, the whole Maitre'D system, with its full-featured capabilities and various connections, covers all elements of restaurant activity.
On 09 March 2021, Paytm has announced that it will convert NFC-enabled Android smartphones into point-of-sale devices (POS) in order to attract more retailers to one of the world's top mobile payment marketplaces. Paytm merchant partners may now enable card acceptance on their NFC-enabled smartphone using the Paytm Business app. It will be able to complete a purchase simply by touching a plastic card to its phone after it's been enabled.
Key Target Audience
Mobile POS Device Manufacture, Mobile POS Device Distributors and Suppliers, Mobile POS Device International Traders, Research and Development Institutes, Financial Institutes and Investors, Upstream and Downstream Buyer, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.