Global Mobile POS Terminals Market Overview
Introduction:
A mobile POS, turns a smartphone or table into cash register. This allows merchants to accept payments virtually anywhere, all you need id one device, internet connection and mobile POS system. Mobile POS system is an alternative source of payments. This is one of the convenient and favorable way of payment since it allows you to use smartphone for the payment. Nowadays, people are much more attracted towards online payment/ mobile payment. It helps consumers to pay easily, no need to worry about cash, exclusive rewards, refundable etc. It directly connects consumers bank accounts to the receiver accounts. There are several benefits mobile POS offers; it is cost effective, shorter checkout, limits a business liability, easier to confirm identities etc. The Mobile POS Terminals Market accounted for US$ 8.66 billion in 2020 and is estimated to be US$ 25.49 billion by 2030 and is anticipated to register a CAGR of 11.5%.
Global Mobile POS Terminals Market Dynamics
Rising demand of contactless payment
Increasing number of payment option and technological advancement is the main factor driving the growth of the mobile POS market. Another factor which fuels the growth of the market is changing consumer preference of using cashless payment method. Using such methods of the payments helps consumer in getting exclusive rewards and less charges, thereby increases the demand of payment through mobile. Mobile POS is convenient and alternative source of payment, owing to transfers the money fast, less time, safe transactions etc., uplifts the growth of the mobile POS system across the globe. This system helps merchants to transfer money without any limits and less charges which in turns drives the growth of the target market.
However, less usage of smartphones, increasing frauds and scams, sometimes non-refundable funds etc. are some of the major root causes that hampers the growth of the target market.
Global Mobile POS Terminals Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global mobile POS terminals market is segmented based on product type, application, and region.
On the basis of product type, the global mobile POS terminals market is segmented into fixed POS terminals, wireless POS terminals, and mobile POS terminals. On the basis of application, the target market is segmented into financial institutions and third-party payment institutions.
Regional Insights:
The global mobile POS terminals market accounted for US$ 8.66 billion in 2020 and is estimated to be US$ 25.49 billion by 2030 and is anticipated to register a CAGR of 11.5%. On region the global mobile POS terminals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to register largest share in the mobile POS market. Additionally, the presence of large number of small and medium merchants drives mPOS market in this region. Europe holds the second position in this market followed by Asia Pacific due to rising adoption of innovative technologies by the receiver are expected to drives the market.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product Type- Fixed POS Terminals, Wireless POS Terminals and Mobile POS Terminals By Application– Financial Institutions and Third-Party Institutions. |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global mobile POS terminals market report based on product type, application, and region.
Global Mobile POS Terminals Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Mobile POS Terminals Market Key Players
The key players operating in the global mobile POS terminals market includes VeriFone, Inc., Hewlett-Packard Company, NEC Corporation, Panasonic Corporation, PAX Technology Ltd., Posiflex Technology Inc., QVS Software Inc., Ingenico Group SA, Zebra Technologies Corp., First Data Corporation.
PAX Technology:
The world’s leading manufacturer of POS terminal solutions, launches M8- the world’s first Android Pay Tablet with fully integrated SmartPOS payment processing engine.
Global Mobile POS Terminals Market Company Profile
- VeriFone, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hewlett-Packard Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NEC Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PAX Technology Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Posiflex Technology Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- QVS Software Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ingenico Group SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zebra Technologies Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- First Data Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Mobile POS Terminals Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Mobile POS Terminals Strategies
- Key Questions this Study will Answer
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- By Product Type (Fixed POS Terminals, Wireless POS Terminals, and Mobile POS Terminals),
- By Application (Financial Institutions and Third-party Payment Institutions),
- By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
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- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global Mobile POS Terminals Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
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- VeriFone, Inc.
- Hewlett-Packard Company
- NEC Corporation
- Panasonic Corporation
- PAX Technology Ltd.
- Posiflex Technology Inc.
- QVS Software Inc.
- Ingenico Group SA
- Zebra Technologies Corp.
- First Data Corporation
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Mobile POS Terminals Market report segments the market on the basis of product type, application, and region.
The mobile POS terminals business is predicted to develop due to sophisticated data analytics, growing credit card payments, and ever-changing consumer expectations.
Over the forecast period, the mobile POS terminals market in Asia Pacific and Latin America is expected to rise significantly. This can be attributable to the region's growing low-cost industrial operations. The regional market is likely to be boosted by an increase in demand across application areas.
The leading players operating in the Global Mobile POS Terminals Market includes VeriFone, Inc., Hewlett-Packard Company, NEC Corporation, Panasonic Corporation, PAX Technology Ltd., Posiflex Technology Inc., QVS Software Inc., Ingenico Group SA, Zebra Technologies Corp. and First Data Corporation.