Global Mobile POS Systems Market 2015-2019
About Mobile POS
A mobile POS refers to an electronic payment system that transfers funds using credit and debit cards at POS terminals located at retail outlets. Mobile POS systems are equipped with features such as Wi-Fi, RFID, VoIP, and smart card capabilities. These systems are highly versatile and are used primarily as data devices. In addition, they are used for sending digitized notes, checking prices, writing reports, sending and receiving invoices, capturing signatures, and managing assets at retail stores. The abovementioned functions can be used to exchange data within a store or other out-of-store locations through wireless applications. Mobile POS systems are also being used to send and receive faxes through emails (known as internet fax service). Mobile POS systems can also be coupled with Bluetooth-enabled printers to enable line busting for faster checkout during heavy traffic at retail stores. Thus, mobile POS systems help retailers to provide value-added services, with the requirements of speed and accessibility being accomplished.
TechNavio's analysts forecast the Global Mobile POS Systems market to grow at a CAGR of 9.6 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Mobile POS Systems market for the period 2014-2019. The report covers the entire range of mobile POS systems used in the following end-user segments:
Technavio Announces the Publication of its Research Report – Global Mobile POS Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Mobile POS Systems Market: Datalogic SpA, Fujitsu Ltd., Ingenico Group, Honeywell Scanning and Mobility, Motorola Solutions Inc., Pax Technology Ltd. and VeriFone Systems Inc.
Other Prominent Vendors in the market are: ATOS Worldline, Cybernet, First Data, Keycorp, NCR, Oracle, Spire Payments, SZZT Electronics and Wincor Nixdorf.
Commenting on the report, an analyst from Technavio’s team said: “One key trend upcoming in this market is the increase in the penetration of mobile computing devices. There are a large number of app providers in the market that could convert a smartphone or a tablet into a mobile POS system.”
According to the report, one of the major drivers in this market is the increased need for mobility by merchants. Using mobile POS systems makes the process of billing and checking out easy for both customers and merchants. Moreover, in restaurants customers can pay their bills at the table. All of these factors will tend to increase the adoption of mobile POS systems in the market.
Further, the report states that one of the key challenges in the market is the lack of infrastructure. Lack of network infrastructure is a major issue because payments using mobile POS systems require high-speed network connectivity. To achieve high-speed network connectivity, there should be an established network infrastructure in place. The challenge of weak infrastructure is dominant in some of the key developing countries compared to the developed countries.
Datalogic SpA, Fujitsu Ltd., Ingenico Group, Honeywell Scanning and Mobility, Motorola Solutions Inc., Pax Technology Ltd., VeriFone Systems Inc. , ATOS Worldline, Cybernet, First Data, Keycorp, NC, Oracl, Spire Payments, SZZR Electronics, WincorNixdor