Mobile POS Market Status, Growth Opportunities, Top Key Players, Target Audience and Forecast to 2027
Market Highlights
According to
Market Research Future, the global mobile POS market has been segmented based
on component, deployment, connectivity, application, and region/country. The
growing adoption of mobile POS across the retail and e-commerce sectors is
expected to drive market growth during the forecast period. Retailers use
mobile POS that enable their associates to engage directly with the customers.
It also provides various benefits to retailers, such as updated and real-time
financial records. The availability of mobile POS in retail stores results in
more selling points. These are expected to be key contributors to the
increasing demand for mobile POS in the retail sector during the forecast
period.
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Segmentation:
By Component, the global mobile POS market has been
divided into hardware, software, and services. Due to the growing demand for
mobile POS systems for various applications, the hardware segment is expected
to have a higher market share during the forecast period. It is also is
expected to be the fastest-growing segment during the forecast period due to
its rising adoption in retail and restaurant applications.
Based on deployment, the global mobile POS market has
been divided into the cloud and on-premise. The cloud-based mobile POS segment
accounted for the largest market share in 2018. This is due to its ease of
storage and operation.
On the basis of connectivity, the global mobile POS
market has been divided into 3G/4G, Wi-Fi, Bluetooth, and others. The 4G
segment is expected to dominate the market since it provides low latency,
higher bandwidth, and is also available at low cost.
On the basis of application, the global mobile POS
market has been divided into retail, restaurants, healthcare, entertainment,
hospitality, and others. Among these, the retail application segment is
expected to dominate the market due to the rising adoption of mobile POS
terminals across the retail sector.
Regional Analysis
By region, the
global mobile POS market has been segmented into North America, Europe, the
Asia-Pacific, the Middle East & Africa, and South America. North America
accounted for the largest market share due to the presence of major key players
in the region. The Asia-Pacific is expected to be the fastest-growing region
due to the growing adoption of the latest digital technologies in the various
industry verticals.
Key Players
The key
players in the Global Mobile POS Market are Hewlett-Packard
Company (US), Cisco Systems Inc (US), MICROS Systems (US), Panasonic
Corporation (Japan), Toshiba Corporation (Japan), VeriFone Systems Inc (US),
PAX Technology Limited (China), Samsung Electronics Co (South Korea), First
Data Corporation (US), Ingenico S.A (France), Posiflex Technology (Taiwan), NEC
Corporation (Japan), Square, Inc.(US), Epicor Software Corporation (US), and
Squirrel Systems (Canada) among others.
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Mobile POS Market Research Report: By Component
[Hardware, Software, and Services (Professional Services and Managed
Services)], Deployment (Cloud and On-Premise), Connectivity (3G/4G, Wi-Fi and
Bluetooth), Application (Retail, Restaurants, Healthcare, Entertainment,
Hospitality, and others) and Region (North America, Europe, Asia-Pacific,
Middle East, and Africa and South America) - Forecast till 2025
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