About Handheld Point of Sale
A Handheld Point of Sale system is a gadget that may be used to accept electronic payments anywhere in a store. The device reads credit or debit card information, verifies available funds, transfers funds from the customer's account to the seller's account, records the transaction, and produces a receipt. Handheld point-of-sale (POS) devices are more versatile than traditional PC-based POS systems, as they offer wireless connectivity and a wider range of network operations. Both 4G/3G and Wi-Fi 802.11 are supported by the handheld POS system. 1x fixed wireless data solutions, which allow for seamless data delivery to business systems, are projected to drive portable POS market expansion. Increased use of debit and credit cards as a result of expanding customer demand for card payments are expected to boost the handheld point of sale industry over the next six years. Smartphones, tablets, and other handheld devices are likely to grow in popularity, providing attractive potential for the handheld POS industry. In addition, to support omnichannel and other business goals, handheld POS devices can be incorporated into corporate operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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 Handheld Point of Sale 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.
Diebold Nixdorf (United States), NCR Corporation (United States), Intuit (United States), Verifone (United States), PAX Technology (Hong Kong), Shopify (Canada), NEC Corporation (Japan), Toshiba Tec Corporation (Japan), Epicor (United States) and Lightspeed (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Newland Payment Technology (China) and New POS Technology (China).
Segmentation Overview
AMA Research has segmented the market of Global Handheld Point of Sale market by Type (Pubilic Account and Private Account) and Region.
On the basis of geography, the market of Handheld Point of Sale 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 Distribution Channel, the sub-segment i.e. Online will boost the Handheld Point of Sale 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. Supermarkets/Hypermarkets will boost the Handheld Point of Sale market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Portability, the sub-segment i.e. Fixed will boost the Handheld Point of Sale market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Internet of Things (Iot) With an Existing Contactless Payment Terminal
Market Growth Drivers:
The growing interest in non-cash transactions among consumers and Increased data visibility through cloud POS systems
Challenges:
Security Concern, Data Theft, And Misuse of the Contactless Payment Methods and High Maintenance Cost of Wireless POS systems
Restraints:
Increased Rules & Regulations Imposed by Banks Toward Payment
Opportunities:
Rise in Adoption of Technology by Merchants for Small Value Transactions and Rising Penetration of eCommerce Platforms
Market Leaders and their expansionary development strategies
January 2021- NCR agrees on Cardtronics acquisition. NCR announced that they have entered into a definitive agreement under which NCR will acquire all outstanding shares of Cardtronics, September 2020 – Co-op Expands Partnership With Diebold Nixdorf To Enhance Customer Shopping Journeys Through Self-Service And Traditional Point Of Sale and December 2020- Intuit announced that it has completed its acquisition of Credit Karma, Inc., the consumer technology platform with more than 110 million members in the U.S., Canada, and the U.K
In October 17, 2022, Unzer Launches New Mobile POS System, Unzer supports retailers throughout Europe in the transition to cashless, contactless payments at the point of sale. and The new product POS Go combines POS system, card reader, printer, and scanner and accepts all common payment methods.
Key Target Audience
Manufacturers of Handheld Point of Sale Systems, Suppliers of Handheld Point of Sale Systems, Technology Providers, Service Providers, Software Providers 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.