#MPoS Terminals Market Report

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mPOS Terminals Market Forecast 2024-2033

Overview and Scope mPOS (mobile point-of-sale) terminals refer to smartphones, tablets, or other wireless devices that may wirelessly execute the tasks of a cash register or electronic point-of-sale terminal (POS terminal). An mPOS terminal is used to accept payments from digital wallets as well as credit, debit, and other card types.

Sizing and Forecast The mpos terminals market size has grown rapidly in recent years. It will grow from $34.72 billion in 2023 to $41.25 billion in 2024 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to emergence of smart devices, shift in payment behavior, market entry of new players, regulatory changes, market consolidation..

The mpos terminals market size is expected to see rapid growth in the next few years. It will grow to $83.48 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to market penetration, rise in digital transactions, e-commerce integration, remote work and transactions, consumer behavior shifts.. Major trends in the forecast period include ai and analytics integration.

Segmentation & Regional Insights The mpos terminals market covered in this report is segmented –

1) By Component: POS Terminals, POS Software, Services 2) By Solution: Hardware, Software 3) By Deployment: On-Premise, Cloud-Based 4) By Application: Entertainment, Healthcare, Hospitality, Restaurant, Retail, Warehouse, Other Applications

North America was the largest region in the mPOS terminals market in 2023. The regions covered in the mpos terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Driver Impacting Market Growth The rising use of digital payments is expected to boost the growth of the mPOS terminal market going forward. Digital payments refer to transactions that happen online or through digital channels without a physical exchange of money. Through near-field communication (NFC), which enables contactless payments by allowing users to wave one device over another NFC-compatible device, mobile POS systems can take payments through digital wallets. For instance, according to a report published by the World Bank, a US-based provider of financial products and technical assistance, in 2022, globally, 76% of adults have a bank, other financial institution, or mobile money provider account as of 2021. Worldwide, two-thirds of adults currently send or receive digital payments, with developing economies accounting for an increasing share to 57% in 2021. Therefore, the rising use of digital payments is driving the growth of the mPOS terminal market.

Key Industry Players

Major companies operating in the mPOS terminals market report are Ingenico Group, PAX Global Technology Limited, NCR Corporation, Oracle Corporation, VeriFone Inc., AURES Group, Fiserv Inc., Intuit Inc., New POS Technology Ltd., Newland Auto-ID Tech. Co. Ltd., Panasonic Holdings Corporation, PAR Technology, Posiflex Technology Inc., Square Inc., Zebra Technologies Corp., BBPOS Limited, Bitel Co. Ltd., Diebold Nixdorf Incorporated, First Data Corporation, Fujian Newland Payment Technology, HP Development Company L.P., Micros Systems Inc., NEC Corporation, SAMSUNG ELECTRONICS, Shenzhen Zhengtong (SZZT) Electronics Co Ltd., Adyen N.V., iZettle AB, PayPal Inc., Sage Pay Limited, SumUp Payments UAB .

The mpos terminals market report table of contents includes:

1. Executive Summary

2. MPOS Terminals Market Characteristics

3. MPOS Terminals Market Trends And Strategies

4. MPOS Terminals Market — Macro Economic Scenario

5. Global MPOS Terminals Market Size and Growth . . .

31. Global MPOS Terminals Market Competitive Benchmarking

32. Global MPOS Terminals Market Competitive Dashboard

33. Key Mergers And Acquisitions In The MPOS Terminals Market

34. MPOS Terminals Market Future Outlook and Potential Analysis

35. Appendix

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SwiftPay: Revolutionizing Retail with Mobile Point of Sale Devices (mPOS)

In today's fast-paced retail landscape, Mobile Point of Sale Devices (mPOS) are reshaping the way businesses conduct transactions and engage with customers.

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With SwiftPay, retailers can transform any smartphone or tablet into a portable, secure, and versatile point of sale terminal, empowering sales associates to process payments on the go. These devices offer flexibility and convenience, allowing businesses to extend their reach beyond traditional brick-and-mortar stores to pop-up shops, events, and outdoor markets. With features such as contactless payments, inventory management, and customer relationship management (CRM) integration, mPOS solutions streamline operations, reduce checkout times, and enhance the overall shopping experience. As the demand for omnichannel retail experiences continues to rise, SwiftPay emerges as a game-changer, enabling businesses to stay agile, competitive, and customer-centric in an ever-evolving market. #mPOS #MobilePayments #RetailTech #Omnichannel #PointofSale #PaymentProcessing #RetailInnovation #ContactlessPayments #MobileCommerce #CustomerExperience #SmallBusiness #SalesTech #PaymentSolutions #RetailTrends #DigitalTransformation

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Wireless POS Terminals Market to Scale New Heights as Wireless POS Terminals Market Players Focus on Innovations 2022 – 2027

Wireless POS Terminals Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the Global Wireless POS Terminals industry with an attention on the Global market. The report gives key insights available status of the Global Wireless POS Terminals producers and is an important wellspring of direction and course for organizations and people keen on the business. By and large, the report gives an inside and out understanding of 2021-2027 worldwide Wireless POS Terminals Market covering extremely significant parameters. Some key Players in This Report Include:

Ingenico (France)

Verifone (United States)

First Data (United States)

PAX Global Technology (Hong Kong)

NCR Corporation (United States)

Diebold Nixdorf (United States)

BBPOS (Hong Kong)

Elavon (United States)

Castles Technology (Taiwan)

Winpos (Finland

Wireless POS (point of sale) terminal is defined as the electronic equipment in which transaction is taking place between a merchant and a customer when a product is sold. It basically performing the sales transaction and processing credit card payments. Owing to its various features such as receiving payments and track all sales and tax data, it is widely used in restraint, bar, retail, small business, café and other places. Increasing e-commerce transactions leading to rising in demand for wireless POS terminals is the major drivers which are propelling the growth of the market. Market Trends: Technology Advancement in Wireless POS Terminal

Market Drivers: Wide Adoption of Wireless Payment Terminal by Retailers

Growing Use of Europay, Mastercard, and Visa (EMV) Cards

Increase in Cashless Transactions in Different Countries

Growing Adoption of Wireless Technology in Mobile Handsets and Wearables

Market Challenges: Lack of Standardization as well as Consumer Awareness Regarding Wireless POS Technology

Issue related to Slow Rate of Adoption of Wireless POS Terminals

Market Opportunities: Reduction in Cost of Wireless Technology as well as Increase in Their Reliability

Mass Adoption of Dual-Interface Chip Technology and Multi-Application Support By NFC and Hce

The Global Wireless POS Terminals Market segments and Market Data Break Down by Type (Portable Countertop & PIN Pad, MPOS, Smart POS, Other Types (Mini POS and Smart Mobile Dongle)), Industry (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment, Other Industries (Home Delivery & Service Delivery)), Technology (NFC Terminal, Non-NFC Terminal), Deployment (On-Premise, Cloud-Based), Component (Hardware, Software, Services)

Presented By

AMA Research & Media LLP

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Point-Of-Sale Terminals Market Driven By Growing Demand For Mobile POS Terminals

The global point-of-sale terminals market size is expected to reach USD 181.47 billion by 2030, registering a CAGR of 8.5% from 2022 to 2030, according to a new study by Grand View Research Inc. Growing demand for mobile POS terminals from several end-use industries, rising preference for affordable wireless technologies, and rise of modern drive-thru are expected to be some of the major factors driving the point-of-sale (POS) terminal market during the forecast period. Moreover, change in customer payment preferences and buying behavior also bode well with the market growth.

The POS system has become a vital and multifaceted tool for many businesses due to its several valuable features across different end-use industries such as retail, hospitality, restaurant, healthcare, and other industries. Companies in the hospitality and retail sectors use POS terminals for payments and additional operational applications, such as inventory management, sales tracking, and accounting, among others. For instance, bars, restaurants, and foodservice providers depend highly on POS technology to track products, sales, inventory, and operations. These factors are driving the POS terminal market across several end-use industries.

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Mobile applications have created a new medium for revenue growth as it helps reduce the payment turnaround time, eliminate queues, increase security, free floor space, and provide paper-free receipting services. Due to the low deployment costs, the flexibility of having a tablet-based POS or smartphone POS has encouraged SMBs to invest in mobile POS (mPOS) terminals. As a result, the demand for mPOS and contactless payment terminals is expected to soar high in the coming years.

The pandemic negatively impacted the tourism sector worldwide. Along with discontinuity in tourist activities in 2020, sectors such as hospitality, restaurants, and entertainment, a huge market for POS vendors, also suffered considerable losses. In the first quarter of 2020, due to the shutting down of manufacturing facilities worldwide, several players in the market recorded a substantial revenue drop in the H1 and H2 of the same year. Nevertheless, the market regained its foothold across industries in late 2020 and early 2021. In the wake of the pandemic, the declining trend of cash payments provided avenues for contactless payments, thereby augmenting market growth.

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POS Software Market Competitive Strategies, Regional Trends Analysis and Forecast to 2032

The POS software market valuation will reach an annual revenue of over USD 31 billion by 2032. The significant strides in the retail industry along with the increasing consumer spending capabilities have largely contributed to the higher volume of transactions and payments. Consequently, there is a stronger need for streamlining the retail operations as well as automating the transaction process whilst tracking important sales data. To that end, the industry is expected to witness massive momentum in the near future.

In addition to processing customer transactions as well as accepting payments, POS software market assists in updating inventory levels for retail establishments. In fact, it also comprises helpful tools, such as inventory management, sales reporting, and integrated loyalty programs. In light of their various benefits, leading technological entities are engaging in numerous inorganic strategic ventures for increased global penetration. Stating an example, in August 2022, Toshiba Tec opened a U.S. hub in Texas, Dallas for developing and marketing the point-of-sale software for retailers.

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POS software market is calling for significant deployment in restaurants for limiting manual labour and simplifying operations whilst processing transactions. Using a single point of sale system, hotel owners and managers are now able to easily manage all the restaurant operations associated with orders, bookings, inventory, and cash flow. To illustrate, Digirestro is an increasingly adopted digital restaurant POS system enabling hotels, restaurants, and cafe managers to smoothen their workflows and operations.

The advent of cloud technology is also supporting the demand for humble POS systems for complete restaurant management. The increasing integration of the software with various third-party applications, including online ordering, E-wallets, table reservations, and loyalty programs is also adding to the industry development.

The POS software market will witness significant expansion from the healthcare sector, given its increasing adoption for managing bills, invoicing, accounting, order taking, and delivery, among other applications. Equipped with a high-class touchscreen display, the POS systems offer the best touch response as well as good screen resolution for ensuring smooth readability. In recent years, mobile point of sale (MPOS) technology has grown extensively favoured as it offers faster inventory count and asset tracking in stores, supports checking-in registration counters, and provides inpatient care within hospital wards for medical supervision.

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Of late, the demand for retail POS software market is picking up a significant pace as it enables the retail staff to deliver higher service levels as well as build customer loyalty in omnichannel scenarios. Using this technology, retail businesses are now able to find information about products, accept payments, and create sales orders, whilst expeditiously delivering receipts. The software also provides information to the customers on product availability and pricing. There has also been a considerable influx of various advanced POS solutions for delivering functionality to manage inventory and customer profiles.

The advent of various new technologies is expected to make way for innovative POS terminals in a host of industries for minimizing human error when it comes to pricing adjustments. Increasing strides in POS innovation for providing hoteliers with compiling guest profiles and the benefits of payment option flexibility are other trends driving the growth of the POS software market.

The POS software market consists of top enterprises such as Block Inc, Fujitsu, NCR Corporation, Oracle Corporation, and Toast Inc., among others, which are engaging in innovative product development and launches

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Insights Into The POS Terminals Market Size 2022-2028 Forecast Period

The report highlights the major drivers of market growth as well as market participants' challenges. The research report POS Terminals Market offers the worldwide whey protein market size and forecast. The report also analyses the competitive environment, key players and strategies. The competitive landscape section of the report highlights the latest market developments. The research report provides a detailed analysis of the international market in on the basis of type of product, end user and major locations.

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Market Segmentation

BY TYPE

Fixed

Mobile

Portable Countertop & PIN Pad

mPOS

Smart POS

Others

BY COMPONENTS

Hardware

POS Software & Services

BY APPLICATION

Retail

Hospitality

Healthcare

Transportation

Sports & Entertainment

Others

The most recent report on the POS Terminals market includes detailed information for leading manufacturers on global business, industry trends and key figures in the industry. The study contains expert advice to help consumers focus and make better choices on distribution policies. This research analysis examines the key drivers and major developments in the growth of the global POS Terminals market. The study calculated the scale of the industry based on the industry leaders' characteristics.

COVID-19 Impact Analysis

This study specifically examines the impact on the POS Terminals market of the Covid-19 outbreak, covering the analysis of the supply chains, the impact assessment of the growth rate of the market size of the drug of abuse testing services in several scenarios, and measures taken in response to an epidemic of COVID-19.

Regional Scenario

The regions analyzed in the report include North America, Europe, the Americas, Asia Pacific, Middle East and Africa. At country level these regions are further analyzed. The study also comprises a type, application and region analysis based on its market size, growth rate and appeal in terms of current and future opportunities to understand the future growth of the POS Terminals market. The analysis includes attractive analysis.

Key Objective of the POS Terminals Market Report

Concentrate on players, to define, describe and analyses in the next few years’ value, market share, competitive environment, SWOT analyses and development planes.

Analysis of the market in relation to individual growth trends, future prospects and their overall market contribution.

Sharing detailed information on the key drivers for market growth (growth potential, opportunities, drivers, industry-specific challenges and risks).

Analyzing competitive developments such as expansions, contracts, new product launches and market acquisitions.

Major Questions Answered in the Report

What has been the global market and how will it work in the years ahead?

What are the most important global regional markets?

What was the impact of COVID-19 pandemic on the POS Terminals market?

What is the intensity of competition in the global POS Terminals market?

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Table Of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

5. Value Chain Analysis

6. Porter’s 5 Forces Model

7.  PEST Analysis

8.Global POS Terminals Market Segmentation, By Type

8.1 Introduction

8.2 Fixed

8.3 Mobile

8.4 Portable Countertop & PIN Pad

8.5 MPOS

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