Mobile Point-of-Sale (mPOS) Terminals Market Size, Share, Growth, Trends, Analysis and Forecast 2022
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<strong>Mobile</strong> <strong>Point</strong>-<strong>of</strong>-<strong>Sale</strong> (<strong>mPOS</strong>) <strong>Terminals</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>,<br />
<strong>Growth</strong>, <strong>Trends</strong>, <strong>Analysis</strong> <strong>and</strong> <strong>Forecast</strong> <strong>2022</strong><br />
According to a new market report published by Credence Research “<strong>Mobile</strong> <strong>Point</strong><strong>of</strong>-<strong>Sale</strong><br />
(<strong>mPOS</strong>) <strong>Terminals</strong> <strong>Market</strong> (Restaurants, Hospitality, Healthcare, Retail,<br />
Transportation <strong>and</strong> Warehouse, Sports <strong>and</strong> Entertainment, <strong>and</strong> Other Verticals) -<br />
<strong>Growth</strong>, <strong>Share</strong>, Opportunities, Competitive <strong>Analysis</strong>, <strong>and</strong> <strong>Forecast</strong> 2015 -<br />
<strong>2022</strong>,” the dem<strong>and</strong> for mobile POS terminals is poised to witness upsurge, majorly<br />
contributed by the dem<strong>and</strong> from retail sector.<br />
Browse the full Dem<strong>and</strong> from Retail Sector to Spur <strong>Market</strong> - <strong>Growth</strong>, <strong>Share</strong>,<br />
Opportunities, Competitive <strong>Analysis</strong>, <strong>and</strong> <strong>Forecast</strong> 2015 - <strong>2022</strong>, report<br />
at https://www.credenceresearch.com/report/mobile-point-<strong>of</strong>-salesmposterminals-market<br />
According to the research study titled “<strong>Mobile</strong> <strong>Point</strong>-<strong>of</strong>-<strong>Sale</strong> (<strong>mPOS</strong>) <strong>Terminals</strong><br />
(Restaurants, Hospitality, Healthcare, Retail, Transportation <strong>and</strong> Warehouse,<br />
Sports <strong>and</strong> Entertainment, <strong>and</strong> Other Verticals) <strong>Market</strong> - <strong>Growth</strong>, <strong>Share</strong>,<br />
Opportunities, Competitive <strong>Analysis</strong>, <strong>and</strong> <strong>Forecast</strong> 2015 – <strong>2022</strong>”, the current<br />
penetration rate <strong>of</strong> mobile POS terminals is comparatively high in the retail<br />
segment, especially among micro, small <strong>and</strong> medium sized business retailers. Easy<br />
operational use <strong>and</strong> low upfront cost <strong>of</strong> these devices has necessitated retailers,<br />
especially micro <strong>and</strong> small merchants to look beyond the traditional stationary POS<br />
systems.<br />
Thus, the use <strong>of</strong> a tablet or a smartphone allows retailers to support the <strong>Point</strong> <strong>of</strong><br />
<strong>Sale</strong> capability at relatively less capital expenditure <strong>and</strong> realize improved return on<br />
investments. Furthermore, mobile POS devices also support loyalty programs that<br />
are targeted at customer retention. By identifying loyal customers (through their
payment information), mobile POS terminals enable retailers to <strong>of</strong>fer discounts,<br />
coupons <strong>and</strong> other perks to these customers, thereby enhancing their<br />
shopping/buying experience.<br />
Although mobile POS terminal vendors have eventually realized the need for<br />
achieving scale <strong>and</strong> targeting beyond their core base <strong>of</strong> micro merchants, the<br />
adoption <strong>of</strong> mobile POS terminals among larger retailers has been low. However,<br />
with the established retail chains such as Apple, Home Depot, Gucci, Nordstrom,<br />
<strong>and</strong> Urban Outfitters increasingly deploying mobile POS terminals, the future<br />
prospect looks favorable.<br />
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https://www.credenceresearch.com/sample-request/57717<br />
The advanced mobile POS terminals are also sometimes coupled with Bluetoothenabled<br />
printers to ensure queue busting for faster checkout during heavy rush at<br />
retail stores. In retail stores, mobile POS terminals enable sales associate to answer<br />
queries, provide information, <strong>and</strong> check out a customer anywhere <strong>and</strong> quickly.<br />
Thus, by integrating mobile POS terminals into their business processes, retailers<br />
are able to accelerate the transaction time at the counter by ensuring five times<br />
faster contactless credit/debit card payments than those requiring a signature.<br />
Comparatively smaller life (on an average 2 years as against 4 to 6 six years for<br />
traditional fixed POS systems) would mean that mobile POS solutions will be<br />
replaced more <strong>of</strong>ten than the traditional stationary POS systems. Thus, the<br />
opportunity for resellers <strong>and</strong> distributors lies in selling more s<strong>of</strong>tware licenses as<br />
the number <strong>of</strong> mobile devices is expected to grow significantly in the coming years.<br />
By End User<br />
<br />
<br />
<br />
<br />
<br />
<br />
Restaurants (Quick Serve Restaurants, Bars, Food Chains, etc.)<br />
Hospitality (lodging establishments, hotels, motels, etc.)<br />
Healthcare<br />
Retail<br />
Transportation <strong>and</strong> Warehousing<br />
Sports <strong>and</strong> Entertainment
Others (Field Services, Government, etc.)<br />
By Component<br />
<br />
<br />
<strong>Mobile</strong> POS Terminal Hardware<br />
<strong>Mobile</strong> POS Terminal S<strong>of</strong>tware<br />
By Geography<br />
<br />
<br />
<br />
<br />
<br />
North America<br />
Europe<br />
Asia Pacific<br />
Middle East & Africa (MEA)<br />
Latin America<br />
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