With the integration of the mPOS system into an existing business process, it allows the operation of cash registers, sales counters, check readers, product displays, gift items displays and electronic check readers, all in one place. This increases sales capacity and efficiency, reduces errors and incurs minimal operational costs. By reducing staffing requirements and increasing employee productivity, this is expected to increase overall profits. In the long run, this will prove to be a very cost-effective solution for businesses that want to increase their sales.
Market Dynamics:
Increasing investment in payment smart cards is expected to propel growth of the global mobile point-of-sale (mPOS) market over the forecast period. For instance, in May 2021, Privacy.com announced that it has changed its name to Lithic and raised US$ 43 million in Series B funding led by Bessemer Venture Partners to double down on its card issuing platform and new B2B focus.
Major players in the global mobile point-of-sale (mPOS) market are focused on adopting various marketing strategies to expand their customer base. For instance, in March 2020, Epson announced to present a complete suite of essential and innovative technology solutions at MURTEC, the multi-unit restaurant technology conference.
Key features of the study:
- This report provides in-depth analysis of the global mobile point-of-sale (mPOS) market, and provides market size (Million Units) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global mobile point-of-sale (mPOS) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Ingenico S.A., PayPal Holdings, Inc., PAX Technology Ltd, iZettle AB, Oracle Corporation, First Data Corporation, Worldline S.A., VeriFone Systems, Inc., Intuit, Inc., Anderson Zaks, Hewlett-Packard Development Company L.P., and Toshiba Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global mobile point-of-sale (mPOS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mobile point-of-sale (mPOS) market
Detailed Segmentation:
- Global Mobile Point-of-Sale (mPOS) Market, By Solution Type
- Integrated mPOS Solutions
- Card Reader Accessories
- Global Mobile Point-of-Sale (mPOS) Market, By Technology
- Hybrid Technology Solutions
- EMV Chip and Pin
- Magnetic-Stripe
- Chip and Sign
- NFC
- Biometrics
- Global Mobile Point-of-Sale (mPOS) Market, By End-use
- Restaurant
- Hospitality
- Healthcare
- Retail
- Warehouse/Distribution
- Entertainment
- Transportation
- Government
- Consumer Utility Services
- Global Mobile Point-of-Sale (mPOS) Market, By Region
- China
- India
- Brazil
- Mexico
- Rest of the World (RoW)
- Company Profiles
- Ingenico S.A.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- PayPal Holdings, Inc.
- PAX Technology Ltd.
- iZettle AB
- Oracle Corporation
- First Data Corporation
- Worldline S.A.
- VeriFone Systems, Inc.
- Intuit, Inc.
- Anderson Zaks
- Hewlett-Packard Development Company L.P.
- Toshiba Corporation
*Browse all the market data tables and figures on "Global Mobile Point-of-Sale (mPOS) Market - Forecast to 2028”
