Mobile Point of Sale(mPOS) Market valued approximately USD 4.3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 35.40% over the forecast period 2018-2025. The Mobile Point of Sale(mPOS) Market is continuously growing in the global scenario at significant pace. The mobile point-of-sale (mPOS) is gaining constant impetus due to the increasing preference for cashless transactions among people across the world. With the low total cost of ownership (TCO) and the ease of use mPOS solutions offer considering the global scenario. Surging adoption and utility of cashless payments, rising adoption of mPOS system by banking institutions and escalating popularity of cloud-supported solutions in IT sector are the substantial driving factors of the market during the forecast period.
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Moreover, escalating government initiatives towards the development mobile point-of-sale (mPOS) are the factors that likely to create numerous opportunity in the near future. Further, Mobile Point of Sale(mPOS) also offers various benefits such as improves customer experience, improved security, efficient & accurate transaction and easily accept mobile wallet payments, due to these benefits demand for mPOS is increasing across the globe. However, security & privacy concern and high cost of implementation are the key restraining factors of the market during the forecast period.
The regional analysis of Global Mobile Point of Sale(mPOS) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to rising adoption of mPOS among end-users and rising drift of IoT across the region. Europe is estimated to grow at significant growth rate in the global Mobile Point of Sale(mPOS) market over the upcoming years. Further, Asia-Pacific anticipated to exhibit stable growth rate / CAGR over the forecast period 2018-2025 owing to slower economic growth in the emerging economies such as India and China.
The major market player included in this report are:
HP Corporation
Recruit Holdings
Oracle Corporation
Zebra Technologies Corporation
Verifone Systems
PayPal
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Integrated Card Reader Solutions
Card Reader Accessories
By Application:
Hospitality
Healthcare
Retail
Entertainment
Government
Others
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By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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