Mobile POS Terminal Market By Solution, Deployment, Application and Region-Forecast 2024 - PowerPoint PPT Presentation

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Mobile POS Terminal Market By Solution, Deployment, Application and Region-Forecast 2024


Request Sample of Report @ Cloud-based mPOS terminals market is expected to grow at 20% CAGR from 2018 to 2024, primarily due to its ease-of-operation and storage facility. Several new vendors have been developing SaaS-based solution including Touchbistro, Toast, Square, StoreZigo and Springboard Retail. Cloud solutions offer better functionality and user interface as compared to on-premise software. – PowerPoint PPT presentation

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Title: Mobile POS Terminal Market By Solution, Deployment, Application and Region-Forecast 2024

mPOS Terminal Market unit shipment to grow at
over 18 CAGR from 2018 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Mobile POS Terminals Market
  • (mPOS) Mobile POS Terminals Market size is set to
    exceed USD 55 billion by 2024 according to a new
    research report by Global Market Insights, Inc.
    The global shipments are forecast to surpass 35
    million units by 2024.The ubiquitous acceptance
    of EMV card standards across developed regions
    including UK and the U.S. are the major mPOS
    terminal market growth drivers.
  • Initially viewed as a generic payment processing
    option, these are now devices that can offer
    sophisticated analytics with superior processing
    capability, wireless communication support, and
    store management functionalities such as
    inventory or customer behavior tracking.
  • The proliferation of smartphones and tablets and
    the rising trend of mobile wallet technology have
    led to the conversion of consumer electronics
    into checkout terminals this trend is expected
    to favorably drive mPOS terminals market growth.

  • The growing sales transaction through the
    card-based mode of payment is expected to fuel
    the mPOS terminal market growth. Industry players
    are investing in the development of advanced
    software solutions for data analytics, multiple
    platform support, and tracking of customer data.
    In addition, companies have been focusing on
    creating revenue channels by providing
    accessories such as card readers and dongles for
    card swipe, mobile printers, and peripheral
    devices. Ubiquitous internet connectivity and
    penetration of contactless NFC-based payment
    methods have further accelerated the upgrade of
    traditional registers resulting in the growth of
    the mPOS terminal market.
  • Mobile apps offer additional revenue growth
    opportunities for market players targeting SMBs,
    micro-merchants, and small retailers. The
    benefits of mPOS terminals including reduced wait
    times for customers, enhanced security features,
    paper-free receipting services, and free floor
    space, which have enabled the adoption and growth
    of the market. Furthermore, the integration of
    new technology solutions, such as biometric
    identification, RFID (Radio Frequency
    Identification), and VoIP (Voice Internet
    Protocol), alleviates the security and
    performance of mPOS devices thereby stimulating
    the growth of the global mPOS terminal market.

Germany mobile POS terminals market size, by
application, 2017 2024 (Thousand Units)


Browse Full Market Research Report of Mobile
POS Terminals Market _at_ https//
Request for a Sample of this Research report
_at_ https//
  • The surge in volume of card transactions is
    expected to favorably impact mPOS terminal market
    growth. The decline in the average selling price
    of tablet devices over the past few years has
    resulted in a sharp growth across regions
    including China, India, Brazil, and Mexico.
  • Tablets/smartphones can also be converted into
    payment terminals through mobile apps and the use
    of sleeves or dongles for card swipe. The need
    for efficient line-busting schemes has escalated
    the demand for faster, more effective, and
    scalable checkout solutions leading to increased
    adoption of the devices across industry
  • Government efforts to accelerate and promote
    cashless transactions through digital payments
    serve as a key driving factor for mPOS terminal
    market growth. For instance, in 2016, the
    demonetization in India resulted in the
    conversion of payment modes from cash-based
    payments into card transactions.

Industry Coverage

  • In addition, the universal acceptance and
    transition toward EMV (MasterCard, Visa, EuroPay)
    chip card aids in improving the reliability and
    security of a cashless transaction. A Federal
    Reserve study across the U.S. estimated that over
    USD 178 trillion non-cash payments were made in
    the country in 2015. The rise in the number of
    cashless transactions is expected to serve as a
    key driving force for the global mPOS terminals
  • The rising transition toward the use of tablets
    and other consumer-grade devices for managing
    payment processing needs will drive the mPOS
    software market. The increased penetration of
    Near-Field Communication (NFC) and contactless
    payment and the standardization of the EMV
    technology are expected to facilitate the mPOS
    terminal market growth.
  • Various mobile wallet channels and online portals
    have created additional revenue growth
    opportunities for market players as they offer
    ease-of-use and convenience for customers. Data
    security concerns regarding wireless technology
    devices and a rise in cybercrimes are among a few
    growth restraints.

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