Mobile Point of Sale (mPOS) Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Component (Software and Hardware); Technology (Hybrid Technology Solutions, EMV Chip and Pin, Magnetic-Stripe, Chip and Sign, NFC, and Biometrics); Industry (Restaurant, Hospitality, Retail, Healthcare, Entertainment, and Others); and Region/Country

Pages:

215

Table:

61

Figure:

94

Report ID:

UMTI211021

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Mobile Point of Sale (mPOS) Market
Mobile Point of Sale (mPOS) Market

The global mPOS market is expected to register a CAGR of around 34% over the period of 2021-2027. The global mPOS market is rising on account of the growing innovations in payment methods, the shift in retail payment methods from hard cash to electronic methods, and the capability of mPOS to connect with smartphones or tablets with mobile card readers wirelessly. Moreover, the increasing investments in mPOS will positively impact its market. mPOS is a smartphone, tablet, or dedicated wireless device that wirelessly performs the functions of a cash register or point-of-sale (POS) terminal. It is useful for businesses that execute transactions on the go. For instance, it is useful for businesses that interact with customers from locations other than the geographic location of the organization. Furthermore, the cost of mPOS systems provides them an edge over POS systems. For instance, according to POS provider Magestore, the cost of a POS system is around USD 3,000–10,000, the exact price depends on the chosen type of POS hardware, software, and level of customization while a mPOS can range from completely free to nearly $200 per month.

Bixolon Co. Ltd., Citizen Systems Europe GmbH, Dspread Technology (Beijing) Inc., Hewlett Packard Enterprise Development LP, INGENICO Group S.A., Intuit Inc., PayPal Inc., Oracle Corporation, Pax Technology Ltd., and Posiflex Technology Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst component, the software segment held a prominent share in the market in 2020”

On the basis of component, the market is bifurcated into software and hardware. Among these two, the smart card reader segment held a significant share of the global mPOS market in 2020 and is expected to witness substantial growth during the forecast period owing to the increasing adoption of software-based mPOS solutions all around the globe due to the easy accessibility and low costs of software. Moreover, mPOS software or application provides merchants with a simple and cost-effective contactless payment acceptance solution that uses the smartphone or tablet they already own.

“Amongst technology, EMV chip and pin segment held a prominent share in the market in 2020”

Based on technology, the market is categorized into hybrid technology solutions, EMV chip and pin, magnetic-stripe, chip and sign, NFC, and biometrics. Among these, the EMV chip and pin accounted for a prominent share of the global mPOS market and is expected to witness influential growth during the forecast period, mainly because it significantly reduces the risk of fraud, making online and offline transactions much more secure for the consumer.

“North America to witness significant growth during the forecast period”

North America held a prominent share of the global mPOS market in 2020 and is expected to showcase a prominent growth rate during the forecast period. The growth of this market can be attributed to the presence of key market players in the region and the quick adoption of new technologies. The region is home to some of the major mPOS solution providers, such as Hewlett Packard Enterprise Development LP, Oracle Corporation, Intuit Inc., PayPal Inc., and others and they are investing heavily in developing advanced mobile point of sale systems. Further, the growing retail, restaurant, hospitality, and entertainment industries are further contributing to the growth of the mPOS market in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

Customization Options:

The global mPOS market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.    Market Definitions
1.2.    Limitation 
1.3.    Stakeholders 
1.4.    Currency used in Report

 

2.1.    Research Process of the Mobile Point of Sale (mPOS) Market
2.2.    Research Methodology of the Mobile Point of Sale (mPOS) Market
2.3.    Forecasting Method    
2.4.    Respondent Profile    
2.5.    Main Objective of the Mobile Point of Sale (mPOS) Market Study

 

3.       MARKET SYNOPSIS

 

4.       EXECUTIVE SUMMARY

 

5.       MOBILE POINT OF SALE (MPOS) MARKET COVID-19 IMPACT

 

6.       MOBILE POINT OF SALE (MPOS) MARKET REVENUE (USD BN), 2019-2027F

 

7.1.    Software
7.2.    Hardware
8.1.    Hybrid Technology Solutions
8.2.    EMV Chip and Pin 
8.3.    Magnetic-Stripe 
8.4.    Chip and Sign 
8.5.    NFC 
8.6.    Biometrics  

 

9.1.    Restaurant
9.2.    Hospitality
9.3.    Retail
9.4.    Healthcare
9.5.    Entertainment
9.6.    Others

 

10.1.                     North America 
10.1.1.     US  
10.1.2.     Canada  
10.1.3.     Rest of North America
10.2.                     Europe  
10.2.1.     Germany 
10.2.2.     France  
10.2.3.     Spain  
10.2.4.    UK  
10.2.5.     Rest of Europe 
10.3.                     Asia-Pacific 
10.3.1.     China  
10.3.2.     Japan  
10.3.3.     India  
10.3.4.     South Korea 
10.3.5.     Rest of Asia-Pacific
10.4.                     Rest of the World 

 

11.1.                     Market Drivers
11.2.                     Market Challenges
11.3.                     Impact Analysis

 

12.   MOBILE POINT OF SALE (MPOS) MARKET OPPORTUNITIES

 

13.   INDUSTRIAL CONTROL SYSTEMS (ICS) SECURITY MARKET TRENDS

 

13.   MOBILE POINT OF SALE (MPOS) MARKET TRENDS

 

15.1.                     Demand Side Analysis
15.2.                     Supply Side Analysis 
15.2.1.    Top Product Launches
15.2.2.    Top Business Partnerships
15.2.3.    Top Business Expansions
15.2.4.    Top Merger and Acquisitions
16.   VALUE CHAIN ANALYSIS

 

18.1.                     Bixolon Co. Ltd.  
18.2.                     Citizen Systems Europe GmbH 
18.3.                     Dspread Technology (Beijing) Inc.
18.4.                     Hewlett Packard Enterprise Development LP
18.5.                     INGENICO Group S.A.  
18.6.                     Intuit Inc.   
18.7.                     PayPal Inc.   
18.8.                     Oracle Corporation  
18.9.                     Pax Technology Ltd.  
18.10.                  Posiflex Technology Inc.  
19.   DISCLAIMER

 

Research Methodology

Research Methodology for the Mobile Point of Sale (mPOS) Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global mPOS market were the three major steps undertaken to create and analyze the adoption of mPOS in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global mPOS market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the mPOS market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the mPOS market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the component, technology, and industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the mPOS market. Further, we conducted factor analysis using dependent and independent variables such as the capability of mPOS to connect with smartphones or tablets with mobile card readers wirelessly and the convenience of using a portable POS device. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the mPOS market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global mPOS market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the mPOS market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global mPOS market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Mobile Point of Sale (mPOS) Market
Mobile Point of Sale (mPOS) Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global mPOS market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, technology, and industry in the global mPOS market.

The main objective of the Global mPOS Market Study

The current & future market trends of the global mPOS market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the mPOS market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of component, technology, and industry.
  • Define and analysis of the regulatory framework for the mPOS market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the mPOS market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the World.
  • Company profiles of the mPOS market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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