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mPOS Terminals Market: Growth Opportunities to Tap into in 2020-2026

Author : Ronak Bora | Published Date : 2020-09-03 

Global mPOS terminals market will be worth more than US$80 billion by 2026, driven by rapid adoption mobile wallets and digital payments among consumers. Described below are some of the major trends impacting the industry growth and development over the next few years.

The proliferation of smartphones and an exponential rise in digital payments is fueling mPOS terminals market worldwide. More and more people, especially in developed regions, are adopting mobile wallet applications for daily transactions. In 2018, almost 46% of all transaction in Europe were card payments. Also, the number of card payments rose by 4% to 544 million during the same year.

Digital wallet solutions have become widely popular in a very short span of time. mPOS terminals market solution providers have been focusing on providing cloud-based POS solutions that are compatible with digital wallets. For instance, ePaisa offers an omnichannel payment support for mobile wallets, cards, UPI, and QR scanners. This in turn helps SMBs to run handle business operations and transactions more efficiently and smoothly.

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Considering the mode of deployment, cloud-based segment is poised to experience healthy growth in the near future. Small businesses are rapidly adopting these systems on due to lower cost and flexible functionality. The software offers users the ability to access the platform through an internet connection. Users can store customer data, track orders, and manage inventory, enabling them to boost productivity and improve profitability.

Apart from a growing number of small and medium-sized retail stores, restaurants and hotels are also adopting handheld mPOS terminals market to offer a convenient payment experience to customers. Handheld terminals provide customers the option to pay via mobile wallets and credit, debit, and EMV cards. This significantly reduces the payment processing time, resulting in an improved shopping experience. Future trends will revolve around the integration of advanced technologies, such as biometric fingerprint authorization, to enable more secure transactions.

Top Key Players In mPOS Terminals Market are AURES Technologies SA, BBPOS Limited, Bitel Co., Ltd., Diebold Nixdorf, Incorporated, First Data Corporation, Fujian Newland Payment Technology Co., Ltd., Ingenico Group, Micros Systems, Inc., NCR Corporation, New POS Technology Limited, Newland Payment Technology, Panasonic Corporation, PAR Technology Corporation, PAX Technology, Inc., Posiflex Technology, Inc., Shenzhen Xinguodu Technology Co., Ltd, Shenzhen Zhengtong (SZZT) Electronics Co Ltd., Square Inc., Touch Dynamic, VeriFone Holdings, Inc., Apple, Inc., Hewlett Packard Company, Lenovo Group Limited, Samsung Electronics, Co. Ltd., AccuPOS, Agilysys, eMobilePOS, Epos Now, Intuit-GoPayment, iZettle, Lightspeed Retail, PayPal Here, Revel Systems, Inc, Shopify POS, ShopKeep POS, Toast, Inc., TouchBistro, Upserve-Groupon Breadcrumb, Vend HQ

In Latin America, robust growth of the mPOS terminals market sector is driving the demand for mPOS terminals. Large retail outlets in the region are implementing the latest technologies for faster payments processing and better customer experience. For instance, Walmart Inc. acquired online marketplace Cornershop in September 2018 for on-demand delivery of groceries in Chile and Mexico.

mPOS terminals market solution providers in the region are exploring ways to design improved payment solutions. Ongoing technological developments will certainly fuel the regional growth. The region has experienced a substantial increase in the adoption of smartphones and digital payment applications. mPOS terminals offer better functionality along with greater level of comfort which will boost the technology adoption.

Table Of Content:

 

Chapter 4.    mPOS Terminal Market, By Solution (Revenue, Shipment)

4.1.    Key trends by solution

4.2.    Hardware

4.2.1. mPOS terminals market estimates and forecast, 2015 – 2026

4.2.2. Handheld terminal

4.2.2.1.    Market estimates and forecast, 2015 – 2026

4.2.3. Tablet

4.2.3.1.    Market estimates and forecast, 2015 – 2026

4.3.    Software

4.3.1. Market estimates and forecast, 2015 – 2026

Chapter 5.    mPOS Terminal Market, By Deployment (Revenue)

5.1.    Key trends by deployment

5.2.    On-premise

5.2.1. Market estimates and forecast, 2015 – 2026

5.3.    Cloud-based

5.3.1. Market estimates and forecast, 2015 – 2026

Chapter 6.    mPOS Terminal Market, By Application (Revenue, Shipment)

6.1.    Key trends by application

6.2.    Entertainment

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.    Healthcare

6.3.1. Market estimates and forecast, 2015 – 2026

6.4.    Hospitality

6.4.1. Market estimates and forecast, 2015 – 2026

6.5.    Restaurant

6.5.1. Market estimates and forecast, 2015 – 2026

6.6.    Retail

6.6.1. Market estimates and forecast, 2015 – 2026

6.6.2. Convenience stores

6.6.2.1.    Market estimates and forecast, 2015 – 2026

6.6.3. Department stores

6.6.3.1.    Market estimates and forecast, 2015 – 2026

6.6.4. Supermarket/Hypermarket

6.6.4.1.    Market estimates and forecast, 2015 – 2026

6.6.5. Discount stores

6.6.5.1.    Market estimates and forecast, 2015 – 2026

6.6.6. Specialty stores

6.6.6.1.    Market estimates and forecast, 2015 – 2026

6.6.7. Other stores

6.6.7.1.    Market estimates and forecast, 2015 – 2026

6.7.    Warehouse

6.7.1. Market estimates and forecast, 2015 – 2026

6.8.    Others

6.8.1. Market estimates and forecast, 2015 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/mobile-point-of-sale-mpos-terminals-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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