About mPoS Terminals
A standard PoS system consists of a computer, PoS software, monitor, barcode scanner, cash drawer, receipt printer, weight scale, and sometimes credit/debit card readers. Mobile point of sale (mPoS) terminals are used to facilitate cashless transactions for sales of goods and are used by retailers to manage information related to their inventory, customers, and cash flows. They are mainly used for retail sales management. mPoS terminal is a secure and convenient way to turn a mobile device, such as a smartphone or a tablet, into a payment or card terminal. mPoS terminal allows the user to accept payments and perform the transaction directly without updating the cash register.
MIR’s analysts forecast the global mPoS terminals market to grow at a CAGR of 32.84% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mPoS terminals market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of mPoS terminals by vendors in the market.
The market is divided into the following segments based on geography:
MIR's report, Global mPoS Terminals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• PAMPOS TERMINALS Technology
• SZZT Electronics
Other prominent vendors
• Ease of implementation
• For a full, detailed list, view our report
• Slow adoption rate
• For a full, detailed list, view our report
• Adoption in contactless transactions
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
MIR Announces the Publication of its Research Report – Global mPoS Terminals Market 2017-2021
MIR recognizes the following companies as the key players in the global mPoS terminals market: Ingenico, PAMPOS TERMINALS Technology, SZZT Electronics, and Verifone.
Other Prominent Vendors in the market are: NEC and Samsung.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is adoption in contactless transactions. Contactless payment guarantees customers a quick, helpful, and secure approach to make payments, permitting sellers to enhance the in-store payment experience by diminishing the counter lines and offering a large group of loyalty opportunities. It also diminishes the use of cash essentially as found in various early adopting countries. The rising use of contactless installment has assisted contactless payment frameworks with gaining market footing. Transactions are done using NFC chip innovation display in transmitters (of cards, cell phones, and smartwatches) and readers. The card should be placed 5cm inside for a contactless reader to acknowledge payment. The card details can likewise be entered in cell phones with NFC innovation to make installments.”
According to the report, one of the major drivers for this market is ease of implementation. The mPoS terminal is easy to operate, provided the vendor adheres to the operating requirements of the terminal. It needs a handheld wireless device, which is preferably small and portable. The device used is mostly a smartphone that is combined with Bluetooth and swipe-and-chip-based payment devices along with a payment app, which must be mPoS enabled.
Further, the report states that one of the major factors hindering the growth of this market is slow adoption rate. With the changing economic scenario, the complexity of business operations has increased. Hence, merchants are forced to adopt new technologies to remain competitive in the market. However, companies are delaying their purchase of mPoS terminals waiting for an all-in-one technology that best suits their requirements and business model. Thus, there is a trade-off between the technology upgrade and the cost of implementation. In developing countries, the adoption is slower than that of the developed countries because of the low importance attached to overall sales data integration. This hinders the growth of the global mPoS terminals market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
"Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
â¢ Key market highlights
â¢ Ecosystem of mPoS terminals
PART 05: Market landscape
â¢ Market overview
â¢ Market size and forecast
â¢ Five forces analysis
PART 06: Market segmentation by product
â¢ Global mPoS terminals market segmentation by product
â¢ PoS terminal in global mPoS terminals market 2016-2021
â¢ Card reader in global mPoS terminals market 2016-2021
PART 07: Market segmentation by end-users
â¢ Global mPoS terminals market segmentation by end-users
PART 08: Market segmentation by geography
â¢ Global mPoS terminals market segmentation by geography
â¢ mPoS terminals market in APAC
â¢ mPoS terminals market in Americas
â¢ mPoS terminals market in EMEA
PART 09: Market segmentation by technology
â¢ Global mPoS terminals market segmentation by technology
â¢ Global mPoS terminals market in EMV segment
â¢ Global mPoS terminals market in non-EMV segment
PART 10: Decision framework
PART 11: Drivers and challenges
â¢ Market drivers
â¢ Impact of drivers on key customer segments
â¢ Market challenges
â¢ Impact of challenges on key customer segments
PART 12: Market trends
â¢ Adoption in contactless transactions
â¢ Advent of NFC technology
â¢ Big data management
â¢ Increasing adoption of EMV cards
PART 13: Vendor landscape
â¢ Competitive scenario for PoS terminals segment
â¢ Other prominent vendors
â¢ Competitive scenario for mobile card reader segment
â¢ Key vendors for mobile card readers
PART 14: Appendix
â¢ List of abbreviations
List of Exhibitsâ
Exhibit 01: Workflow in an EMV mPoS terminal
Exhibit 02: Market overview of global mPoS terminals market
Exhibit 03: Global mPoS terminals market size and forecast ($ billions)
Exhibit 04: Global mPoS terminals market size and forecast (unit shipment in millions)
Exhibit 05: Five forces analysis
Exhibit 06: Global mPoS terminals market (% share)
Exhibit 07: Global mPoS terminals market by product ($ billions)
Exhibit 08: Global PoS terminal market 2016-2021 ($ billions)
Exhibit 09: Global card reader market 2016-2021 ($ billions)
Exhibit 10: Global mPoS terminals market by end-user segment 2016-2021 (% share)
Exhibit 11: Global mPoS terminals market by end-user segment 2016-2021 ($ billions)
Exhibit 12: Global mPoS terminals market: Hospitality sector 2016-2021 ($ billions)
Exhibit 13: Global mPoS terminals market: Retail sector 2016-2021 ($ billions)
Exhibit 14: Global mPoS terminals market: Retail sector 2016-2021 (% share)
Exhibit 15: Global mPoS terminals market: Geographical segmentation 2016-2021 ($ millions)
Exhibit 16: Global mPoS terminals market: Geographical segmentation 2016-2021 ($ billion)
Exhibit 17: Global mPoS terminals market in APAC 2016-2021 ($ billions)
Exhibit 18: Global mPoS terminals market in Americas 2016-2021 ($ billions)
Exhibit 19: Global mPoS terminals market in EMEA 2016-2021 ($ billions)
Exhibit 20: Global mPoS terminals market: Technology segmentation 2016-2021 (% share by unit shipment)
Exhibit 21: Global mPoS terminals market: Technology segmentation 2016-2021 (million units)
Exhibit 22: Global mPoS terminals market: Technology segmentation 2016-2021 (% share by revenue)
Exhibit 23: Global mPoS terminals market: Technology segmentation 2016-2021 ($ billions)
Exhibit 24: Global mPoS terminals market in EMV segment 2016-2021 ($ billions)
Exhibit 25: Global mPoS terminals market in non-EMV segment 2016-2021 ($ billions)
Exhibit 26: Payment transaction methods used by consumers globally 2016 and 2021
Exhibit 27: Impact of drivers
Exhibit 28: Impact of challenges
Exhibit 29: Contactless payment systems using mobile devices 2016-2021
Exhibit 30: Mobile card readers: Key vendors
Companies Mentioned are - Ingenico, PAMPOS TERMINALS Technology, SZZT Electronics, Verifone, NEC and Samsung.
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes MIR Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.