Frank n Raf’s Global And Chinese Mobile Point-Of-Sale (MPOS) Industry, 2018 Market Research Report: Snapshot The global market for mobile point-of-sale (mPOS) is gaining significant impulse, thanks to the increasing acceptance for cashless transactions among people across the world. With the low total cost of ownership (TCO) and the ease of use that mPOS solutions serve, owing to mobility, the market is expected to be witness high growth over the next few years. According to frank n Raf Market Research Report, the worldwide mPOS market, which is expected to expand the value of US$4.21 bn by 2017, will expand further at a remarkable CAGR of 35.40% between 2017 - 2025, and reaching further US$47.7 bn by the end of 2025. Card Reader Accessories to Remain Most priced Products The global market for mPOS is mostly evaluated on the basis of the type of solution, technology, and end user. Based on the type of solution, the market is divided into integrated card reader solutions and card reader accessories.
The demand for card reader accessories has been expanding at a higher growth rate than integrated card reader solutions. Researchers expect the scenario to remain so over the next few years, owing to the low cost of these accessories, which makes them economical for small and medium-sized businesses (SMBs) and micro-operators. By technology, the market is divided into hybrid technology solutions, near field communication (NFC), chip and sign, EMV chip and pin, magnetic stripes, and biometrics. NFC, EMV chip and pin, and hybrid technology solutions are the most preferred technologies in this market nowadays. Over the coming years, these technologies will remain in high appeal. Restaurant, entertainment, hospitality, government, healthcare, retail, warehouse/distribution, transportation, and consumer utility services have appeared as the key end users of mPOS solution. Owing to the impactful growth, the retail segment has been reporting a larger demand for mPOS systems than other end users and the trend is anticipated to continue over the forthcoming years. Europe to keep Lead On the global front, the global market for mPOS is spread across the Middle East and Africa, North America, Europe, Asia Pacific, and South America. With a total share of 34%, Europe led the global market in 2016. The significant conception of cloud computing has affected the European market considerably over the last few years. Even in the near future, the Europe market for mPOS is expected to keep its lead over the entire market, thanks to improving the focus of mPOS solution vendors on merchant-related services and the gain trend of an internet of things (IoT) in this region. Apart from this, the increasing uptake of mPOS systems in European banks, in a bid to offer a lesser fee on transactions to customers, is also projected to aid the Europe retail substantially over the next few years. Among other regional markets for mPOS, North America and the Asia Pacific are expected to witness healthy growth in the years to come.
While the presence of settled players in a large number is boosting North America mPOS market, the Asia Pacific market is predicted to hike considerably from the building up economic condition of various Asian countries, such as Indonesia, China, Japan, and India over the upcoming years. Various social factors, such as friendly demographic profiles, consumer confidence, and urbanization trends are also expected to propel the Asia Pacific mPOS market in the near future. At the forefront of the prominence mPOS market are perceive Inc., Hewlett-Packard Development Co. L.P., Recruit Holdings Co.Ltd., Oracle Corp., Square Inc., First Data Corp., VeriFone Systems Inc., Bixolon Co. Ltd., iZettle AB, PAX Technology Ltd., Ingenico S.A., PayPal Holdings Inc., Posiflex Technology Inc., Citizen Systems Europe GmbH, Zebra Technologies Corp., and Dspread Technology Inc.
Table of Content:
- Preface
- Assumptions and Research Methodology
- Executive Summary: Global Mobile Point of Sale (mPOS) Market
- Market Overview
- Global Mobile Point of Sale (mPOS) Market Analysis and Forecasts, By Solution Type
- Global Mobile Point of Sale (mPOS) Market Analysis and Forecasts, By Technology
- Global Mobile Point of Sale (mPOS) Market Analysis and Forecasts, By End-Use
- Global Mobile Point of Sale (mPOS) Market Analysis and Forecasts, By Region
- North America Mobile Point of Sale (mPOS) Market Analysis and Forecast
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