#Systemsandsoftware

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Global Mobile POS Terminals Market Expected To Reach USD 42.99 Billion By 2022

The Global Mobile POS Terminals Market is expected to reach USD 42.99 billion by 2022, according to a new study by Grand View Research, Inc. Mobile POS terminals have evolved from basic payment processing tools to advanced analytics solution providers with greater processing capability and wireless communication support. The inflection of these terminals came with the adoption of consumer grade devices such as tablets for business use. Ubiquitous wireless connectivity such as the Bluetooth, availability of mobile printers, scanners, card readers and peripheral devices; and multiple platform support have driven the mobile POS terminals market in various applications.

Sophisticated data analytics, growing credit card payments and ever-changing consumer expectations are expected to spur the mobile POS terminals industry. This growth has encouraged retailers to leverage new applications and strategies to deliver seamless customer experience. Mobile applications have the ability to create new channels for revenue growth; as a result, vendors are increasingly trying to understand various marketing channels available in order to leverage technology to compete. Flexibility of having a tablet-based mobile POS owing to low installation costs has attracted SMBs to invest in this technology. Reduced customer time in line, increased security, free floor space and paper-free receipting services are the features driving mPOS terminals demand over traditional or fixed terminals.

The growing penetration of tablet devices, rising base of SMBs and micro-merchants, need for effective line-busting schemes to encourage card adoption are expected to propel market growth over the coming years. However, lack of standardization and data security concerns may restrain mobile POS terminals market growth. Increased penetration of Near Field Communication (NFC) in mobile devices is expected to augment demand.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/mobile-pos-terminals-market

Further key findings from the study suggest:

The mobile POS terminals market primarily includes components such as hardware and software. Mobile POS hardware systems accounted for majority of the market share in 2014; the segment is expected to lose market share through the forecast period. The software segment is expected to witness growth as consumers shift towards the use of consumer-grade electronics devices such as tablets for managing their POS needs.

Retail segment accounted for over 30% of the overall market share in 2014. Growing adoption of mobile POS technology across SMBs and micro-merchants is expected to drive segment growth.

Asia Pacific and Latin America mobile POS terminals market are expected to witness substantial growth over the forecast period. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Surge in demand across application segments is expected to spur the regional market.

Notable companies operating in the industry such as Verifone, Ingenico, and Micros Systems provide various handheld and tablet-based mobile POS solutions. Verifone Systems introduced these solutions for SMBs along with iPayment to address the need of the marketplace.

See More Reports of This Category: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

[industrytechnologyreports-blog]

Global Router And Switch Market Worth $41.03 Billion By 2022

The global router and switch market is expected to reach USD 41.03 billion by 2022, according to a new study by Grand View Research, Inc. High scale network infrastructure modernization across residential and commercial applications is anticipated to drive growth over the forecast period.

Growing demand for high speed internet along with technological advancements such as big data solutions, SDN, and cloud computing are expected to positively impact demand for the router and switch market. Owing to upgrading in technology along with shift in demand from hardware networking solutions to software-based solutions is expected to propel demand for core Ethernet devices.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/global-router-and-switch-market Shift towards Bring Your Own Device (BYOD) market is propelling companies to increase their allocation of IT budgets for enhancing network security. Owing to increased usage of mobile and other electronic devices at work, there is an increased need to strengthen the network security for effectively managing and supporting the devices combined with mitigating the threat of an outside attack.

However, network failure and hardware inefficiencies with configuration of multiple platforms are expected to hamper the router and switch market.

Further key findings from the study suggest:

Internet exchange routers market accounted for over 40% of the overall consumption in 2014 and is expected to shrink over the next seven years. High adoption rates of carrier Ethernet services have been leading to growing competition among operators, which results in their need to differentiate their offering.

Multiservice edge router market is expected to grow at a CAGR of 3.4% from 2015 to 2022. It supports a variety of communication technologies, including frame relay, Integrated Services Digital Network (ISDN) and T1 circuits which is further expected to boost sales.

The overall service provider routing industry is expected to shrink over the forecast period. However, growing demand for core devices with technologies such as 100 GB Ethernet becomes affordable as well as service providers complete their evaluations of latest core routing platform. Trends in carrier Ethernet, IP TV and multiservice networking are expected to drive edge router demand to over USD 18 billion by 2022. Ethernet service delivery to enterprises is another prime key growth factor for these products.

The service provider edge router industry is expected to grow at a steady rate as several service providers continue to deploy these for LTE backhaul networks, however, other service providers cut down on investment into the fixed IP traffic networks.

The industry primarily includes services such as BRAS, Ethernet access, Ethernet aggregation, and internet data center. The internet data center segment was valued over USD 3 billion in 2014 and is expected to lose share over the forecast period.

Asia Pacific router and switch market is expected to witness significant growth over the forecast period. It accounted for over 25% of the industry share in 2014 and is estimated to exhibit high growth prospects over the next seven years. India router and switch market is expected to outpace the other regional segments, growing at a CAGR of over 6.5% from 2015 to 2022. This growth is attributable to the various initiatives and framing of tenders for government projects in the wireless infrastructure along with huge investments to build their backhaul for expansions and new network build-outs.

Notable manufacturers include Huawei, Juniper Networks, Cisco, ZTE Corporation and Alcatel-Lucent. Huawei is directing its R&D efforts by manufacturing quality equipment at lower prices along with strengthening its foothold in developed economies such as North America. See More Reports of This Category: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software About Grand View Research: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.