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Global mPoS Terminals Market 2017-2021

Global mPoS Terminals Market 2017-2021

About mPoS Terminals

A standard PoS system consists of a computer, PoS software, monitor, barcode scanner, cash drawer, receipt printer, weight scale, and sometimes credit/debit card readers. Mobile point of sale (mPoS) terminals are used to facilitate cashless transactions for sales of goods and are used by retailers to manage information related to their inventory, customers, and cash flows. They are mainly used for retail sales management. mPoS terminal is a secure and convenient way to turn a mobile device, such as a smartphone or a tablet, into a payment or card terminal. mPoS terminal allows the user to accept payments and perform the transaction directly without updating the cash register.

Technavio’s analysts forecast the global mPoS terminals market to grow at a CAGR of 32.84% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mPoS terminals market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of mPoS terminals by vendors in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global mPoS Terminals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ingenico
  • PAMPOS TERMINALS Technology
  • SZZT Electronics
  • Verifone
Other prominent vendors
  • NEC
  • Samsung
Market driver
  • Ease of implementation
  • For a full, detailed list, view our report
Market challenge
  • Slow adoption rate
  • For a full, detailed list, view our report
Market trend
  • Adoption in contactless transactions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global mPoS Terminals Market 2017-2021

Technavio recognizes the following companies as the key players in the global mPoS terminals market: Ingenico, PAMPOS TERMINALS Technology, SZZT Electronics, and Verifone.

Other Prominent Vendors in the market are: NEC and Samsung.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption in contactless transactions. Contactless payment guarantees customers a quick, helpful, and secure approach to make payments, permitting sellers to enhance the in-store payment experience by diminishing the counter lines and offering a large group of loyalty opportunities. It also diminishes the use of cash essentially as found in various early adopting countries. The rising use of contactless installment has assisted contactless payment frameworks with gaining market footing. Transactions are done using NFC chip innovation display in transmitters (of cards, cell phones, and smartwatches) and readers. The card should be placed 5cm inside for a contactless reader to acknowledge payment. The card details can likewise be entered in cell phones with NFC innovation to make installments.”

According to the report, one of the major drivers for this market is ease of implementation. The mPoS terminal is easy to operate, provided the vendor adheres to the operating requirements of the terminal. It needs a handheld wireless device, which is preferably small and portable. The device used is mostly a smartphone that is combined with Bluetooth and swipe-and-chip-based payment devices along with a payment app, which must be mPoS enabled.

Further, the report states that one of the major factors hindering the growth of this market is slow adoption rate. With the changing economic scenario, the complexity of business operations has increased. Hence, merchants are forced to adopt new technologies to remain competitive in the market. However, companies are delaying their purchase of mPoS terminals waiting for an all-in-one technology that best suits their requirements and business model. Thus, there is a trade-off between the technology upgrade and the cost of implementation. In developing countries, the adoption is slower than that of the developed countries because of the low importance attached to overall sales data integration. This hinders the growth of the global mPoS terminals market.



Companies Mentioned

Ingenico, PAMPOS TERMINALS Technology, SZZT Electronics, Verifone, NEC and Samsung.

  • EXECUTIVE SUMMARY
  • SCOPE OF THE REPORT
  • RESEARCH METHODOLOGY
  • INTRODUCTION
    • KEY MARKET HIGHLIGHTS
      • Table WORKFLOW IN AN EMV MPOS TERMINAL
    • DEFINITIONS
    • ECOSYSTEM OF MPOS TERMINALS
  • MARKET LANDSCAPE
    • MARKET OVERVIEW
      • Table MARKET OVERVIEW OF GLOBAL MPOS TERMINALS MARKET
    • MARKET SIZE AND FORECAST
      • Table GLOBAL MPOS TERMINALS MARKET SIZE AND FORECAST ($ BILLIONS)
      • Table GLOBAL MPOS TERMINALS MARKET SIZE AND FORECAST (UNIT SHIPMENT IN MILLIONS)
    • FIVE FORCES ANALYSIS
      • Table FIVE FORCES ANALYSIS
  • MARKET SEGMENTATION BY PRODUCT
    • GLOBAL MPOS TERMINALS MARKET SEGMENTATION BY PRODUCT
      • Table GLOBAL MPOS TERMINALS MARKET (% SHARE)
      • Table GLOBAL MPOS TERMINALS MARKET BY PRODUCT ($ BILLIONS)
    • POS TERMINAL IN GLOBAL MPOS TERMINALS MARKET 2016-2021
      • Table GLOBAL POS TERMINAL MARKET 2016-2021 ($ BILLIONS)
    • CARD READER IN GLOBAL MPOS TERMINALS MARKET 2016-2021
      • Table GLOBAL CARD READER MARKET 2016-2021 ($ BILLIONS)
  • MARKET SEGMENTATION BY END-USERS
    • GLOBAL MPOS TERMINALS MARKET SEGMENTATION BY END-USERS
      • Table GLOBAL MPOS TERMINALS MARKET BY END-USER SEGMENT 2016-2021 (% SHARE)
      • Table GLOBAL MPOS TERMINALS MARKET BY END-USER SEGMENT 2016-2021 ($ BILLIONS)
      • Table GLOBAL MPOS TERMINALS MARKET: HOSPITALITY SECTOR 2016-2021 ($ BILLIONS)
      • Table GLOBAL MPOS TERMINALS MARKET: RETAIL SECTOR 2016-2021 ($ BILLIONS)
      • Table GLOBAL MPOS TERMINALS MARKET: RETAIL SECTOR 2016-2021 (% SHARE)
  • MARKET SEGMENTATION BY GEOGRAPHY
    • GLOBAL MPOS TERMINALS MARKET SEGMENTATION BY GEOGRAPHY
      • Table GLOBAL MPOS TERMINALS MARKET: GEOGRAPHICAL SEGMENTATION 2016-2021 ($ MILLIONS)
      • Table GLOBAL MPOS TERMINALS MARKET: GEOGRAPHICAL SEGMENTATION 2016-2021 ($ BILLION)
    • MPOS TERMINALS MARKET IN APAC
      • Table GLOBAL MPOS TERMINALS MARKET IN APAC 2016-2021 ($ BILLIONS)
    • MPOS TERMINALS MARKET IN AMERICAS
      • Table GLOBAL MPOS TERMINALS MARKET IN AMERICAS 2016-2021 ($ BILLIONS)
    • MPOS TERMINALS MARKET IN EMEA
      • Table GLOBAL MPOS TERMINALS MARKET IN EMEA 2016-2021 ($ BILLIONS)
  • MARKET SEGMENTATION BY TECHNOLOGY
    • GLOBAL MPOS TERMINALS MARKET SEGMENTATION BY TECHNOLOGY
      • Table GLOBAL MPOS TERMINALS MARKET: TECHNOLOGY SEGMENTATION 2016-2021 (% SHARE BY UNIT SHIPMENT)
      • Table GLOBAL MPOS TERMINALS MARKET: TECHNOLOGY SEGMENTATION 2016-2021 (MILLION UNITS)
      • Table GLOBAL MPOS TERMINALS MARKET: TECHNOLOGY SEGMENTATION 2016-2021 (% SHARE BY REVENUE)
      • Table GLOBAL MPOS TERMINALS MARKET: TECHNOLOGY SEGMENTATION 2016-2021 ($ BILLIONS)
    • GLOBAL MPOS TERMINALS MARKET IN EMV SEGMENT
      • Table GLOBAL MPOS TERMINALS MARKET IN EMV SEGMENT 2016-2021 ($ BILLIONS)
    • GLOBAL MPOS TERMINALS MARKET IN NON-EMV SEGMENT
      • Table GLOBAL MPOS TERMINALS MARKET IN NON-EMV SEGMENT 2016-2021 ($ BILLIONS)
  • DECISION FRAMEWORK
  • DRIVERS AND CHALLENGES
    • MARKET DRIVERS
      • Table PAYMENT TRANSACTION METHODS USED BY CONSUMERS GLOBALLY 2016 AND 2021
    • IMPACT OF DRIVERS ON KEY CUSTOMER SEGMENTS
      • Table IMPACT OF DRIVERS
    • MARKET CHALLENGES
    • IMPACT OF CHALLENGES ON KEY CUSTOMER SEGMENTS
      • Table IMPACT OF CHALLENGES
  • MARKET TRENDS
    • ADOPTION IN CONTACTLESS TRANSACTIONS
    • ADVENT OF NFC TECHNOLOGY
      • Table CONTACTLESS PAYMENT SYSTEMS USING MOBILE DEVICES 2016-2021
    • BIG DATA MANAGEMENT
    • INCREASING ADOPTION OF EMV CARDS
  • VENDOR LANDSCAPE
    • COMPETITIVE SCENARIO FOR POS TERMINALS SEGMENT
    • OTHER PROMINENT VENDORS
    • COMPETITIVE SCENARIO FOR MOBILE CARD READER SEGMENT
    • KEY VENDORS FOR MOBILE CARD READERS
      • Table MOBILE CARD READERS: KEY VENDORS
  • APPENDIX
    • LIST OF ABBREVIATIONS
  • EXPLORE TECHNAVIO

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