What is Mobile POS Device Market?
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.
The market study is being classified by Type (Card Reader, Chip-and-PIN Reader and Others), by Application (Retail, Restaurants, Hospitality, Healthcare, Transportation, Ware House, Sports & Entertainment and Other) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Players which are also part of the research are Squirrel Systems (Canada), Newland Payment Technology (China) and CITIXSYS AMERICAS (United States).
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mobile POS Device market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Mobile POS Device market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Digital Payment such as Google Pay, Amazon Pay
- Increasing Acceptance of Contactless Payment
- Deployment of Cost-Effective Cloud-Based POS Terminal
- Lack of Availability of Infrastructure and Weak Internet Connectivity can Constrain the Mobile POS Device Market
- Increasing Use of Credit Card Payment and Seamless Payment Experience of Customer Will Propel the Mobile POS Device Market
- Widely Use in Vertical Field Such as Hospital, Retail and Restaurants Will Boost the Mobile POS Device Market
- Lack of Standardization and Security Concern will hamper the Mobile POS Device Market
Market Leaders and some development strategies
On 05 Nov 2019, 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 AudienceMobile 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Mobile POS Device Market?
"Growing Demand for Digital Payment such as Google Pay, Amazon Pay
" is seen as one of major growth factors of Mobile POS Device Market in years to come.
2. Can we have customized study for Mobile POS Device Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Mobile POS Device Market?
will lead the Mobile POS Device Market.