About Mobile Point Of Sale Mpos Terminals
Mpos is a portable point of sale on a smartphone, tablet, or other digital device that performs the functions of a cash register or electronic point-of-sale terminal. Mpos is gaining much popularity due to the increased adoption of smartphones and other mobile devices. It enables users to carry POS device wherever they are going as it doesn’t need to be connected with any hardware. Mpos solutions have also been designed for emerging mobile technologies like authorization of EMV cards, PIN, NFC, useful in options for mobile payment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.73% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mobile Point Of Sale Mpos Terminals 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.
TouchBistro Inc. (Canada), Toast, Inc. (United States), Lightspeed (Canada), Clover Network (United States), Vend (New Zealand), NEXGO (China), Intuit (United States), Square (United States), NCR Corporation (United States) and Zebra Technologies (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mobile Point Of Sale Mpos Terminals market by and Region.
On the basis of geography, the market of Mobile Point Of Sale Mpos Terminals 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 Components, the sub-segment i.e. Hardware will boost the Mobile Point Of Sale Mpos Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Retail will boost the Mobile Point Of Sale Mpos Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Windows will boost the Mobile Point Of Sale Mpos Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity Technology, the sub-segment i.e. 4G/5G will boost the Mobile Point Of Sale Mpos Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technical Advancements in Bluetooth and Wi-Fi Connectivity Technology and The Launch of Advanced Mpos Solutions by Key Manufacturers
Market Growth Drivers:
Rapidly Growing Digitalization Across the Globe and Use of Online Payment Methods and Evolution of Mobile Wallet Technology and Emerging NFC Transactions
Challenges:
High Cost of Software Upgrades and Downed Systems
Restraints:
Lack of High-speed Internet Connectivity May Create Problems
Opportunities:
Increased Adoption of Mpos Terminals in Retail Industry to Enhance Customer Experience
Market Leaders and their expansionary development strategies
In March 2021, Lightspeed announced the acquisition of VendLimited, a cloud-based retail management software company to strengthen its position. The acquisition will build Lightspeed's foothold in the Asia-Pacific region by expanding its retail footprint. The combination of Lightspeed and Vend, widely acknowledged as providing one of the foremost retail products on the market and will help to further growth by ultimately providing the Vend customer base access to the company's broader commerce solutions.
In April 2023, The U.S. Payments Forum today released two new white papers related to the Point of Sale (POS). The first resource seeks to educate industry stakeholders on the differences between mPOS, TapToMobile, and traditional POS solutions. It also details related Payment Card Industry (PCI) security standards considerations and Level 3 EMV testing requirements. The second resource offers guidance for User Acceptance Testing (UAT) to reduce production and acceptance issues following the deployment of POS Solutions.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Mobile Point of Sale Mpos Terminals Software Providers, Mobile Point of Sale Mpos Terminals Hardware Manufacturers, Suppliers & Distributors of Mobile Point of Sale Mpos Terminals Devices, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users 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.