Financial Services & Insurance Research News

Research details developments in the mobile POS market forecast 2014-2024

Financial Services Market Research

A mobile POS or a mobile point of sale is a tablet, smartphone or relatively dedicated wireless device which performs the roles and functions of an electronic point of sale terminal or a cash register.

Owing to the increasing advancements in wireless network technology, the global mobile POS terminals market is set to witness strong growth in the next few years.

Also, various benefits offered by mobile POS including portability, low upfront cost, positive return on investment and easy usage are some reasons which have collectively boosted the adoption of mobile POS as an alternative to the conventional retail applications. Also, emergence of mobile wallet technology and growing demand for NFC-based transactions are some other factors projected to fuel growth of global mobile POS market over the forecast period.