In-Depth Exploration of the Mobile POS Terminals Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Mobile POS Terminals Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Mobile POS Terminals Market is valued at approximately USD $$ billion in 2022and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Mobile Point-of-sale Terminals (mPOS) is a wireless and portable system on mobiles and tablets to facilitate payments. mPOS has increasingly evolved as this helps to serve customers at any place. It enables paying, managinginventory, printing bills and so on. Mobile POS is cost-effective and efficient for small business owners. Through mPOS sales and services organizations are conducting their transactions inmultiple locations. This also improves customer experience and conducts cashless transactions all over the world. Additionally, the increasing use of cloud-based systems and the emerging restaurant sector aredriving the demand for Mobile POS Terminals.
Preference forcloud-based solutions plays a major role in boosting the demand for Mobile Point-of-sale (mPOS) Terminals. These solutions are more effective due to their low operational cost compared to other conventional systems. For instance, the global cloud application market is expected to reach USD 168.6 billion by 2025 and grow at a CAGR of 4.8%. A major demand for mPOS is due to the emerging number of restaurants across the globe. Increasing technological advancements enabled many of them to digitalize and provide better experiences to consumers. It has been forecasted that in 2022, the restaurant industry market will increase to 826.89 billion. India grew by 10% from 2017 in its restaurant industry. Furthermore, Mobile POS value-added services (VAS(that is the schemes offered such as minimal cost, maintenance and less pricing and low cost of ownership of mPOS drive the market to a greater extent. However, the rising data security needs among consumers stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Mobile POS Terminals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market for Mobile Point-of-sale (mPOS) Terminal due to its growing awareness and preference among small businessmen and retailers. This region has a strong base for IoT technology which benefits the mPOS Terminal as it builds a strong network for an organization. Asia-Pacific is expected to be the fastest-growing region due to the booming demand for tablets and smartphones. The government of this region is taking various initiatives to create various devices with mobile point-of-sale terminals further expanding its market.
Major market players included in this report are:
Ingenico Group S.A.
VeriFone Inc
PAX Global Technology Limited
Shopify Inc.
Intuit Inc.
NEC Corporation
Clover Network, Inc.
Oracle Corporation
Adyen N.V.,
Square, Inc.
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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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Software
By Application:
Restaurants
Hospitality
Healthcare
Retail
Warehouse
Entertainment
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Key Questions Addressed
- Growth Potential: Our report delves into the potential for growth in the Mobile POS Terminals market, highlighting the promising opportunities that lie ahead.
- Product Dominance: We analyze the product segments within the market to identify which one is likely to dominate, shedding light on its potential trajectory.
- Regional Leadership: The report examines regional markets to predict which one is poised to emerge as a frontrunner in the future, backed by insightful data and analysis.
- Application Growth: We identify the application segment that is expected to experience strong growth, helping stakeholders direct their focus effectively.
- Growth Opportunities: The report pinpoints potential growth opportunities within the Mobile POS Terminals industry, enabling market participants to strategize for expansion.
- Challenges Ahead: By highlighting major challenges, we offer a holistic view of potential obstacles that the Mobile POS Terminals market may face in the future.
- Leading Companies: Our analysis presents leading companies within the Mobile POS Terminals market, offering an overview of their strategies, sales volume, and revenue performance.
- Positive Trends: We identify key trends that are positively impacting market growth, aiding stakeholders in understanding shifting dynamics.
- Growth Strategies: The report sheds light on growth strategies considered by market players to sustain their positions, fostering a competitive edge.
Research Methodology and Structure
Our robust research methodology ensures the accuracy and reliability of the information presented in this report. As you navigate through its chapters, you will find:
- Introduction and Overview: An in-depth introduction sets the stage for our comprehensive industry analysis, offering readers a comprehensive perspective.
- Chapter-wise Guidance: Our report offers chapter-wise guidance, allowing you to navigate specific areas of interest seamlessly.
- In-depth Analysis: Over 200 pages of in-depth analysis encompass the latest research findings and insights, providing a comprehensive understanding of the market.
- Regional Insights: An updated regional analysis, presented graphically, showcases market size, share, and emerging trends within each region.
- List of Tables and Figures: A comprehensive list of tables and figures supports the information presented, enhancing the clarity of the report.
- Top Market Players: We extensively analyze the leading market players, offering insights into their business strategies, sales volume, and revenue analysis.
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