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New report examines the mPOS hardware market that is expected to reach US$ 31667.8 million by 2022

IT Market Research

mPOS hardware market report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players.

mPOS is exposed to vulnerabilities such as cyber attacks and malwares. These potential threats can create obstacles in the growth of the mPOS hardware market.

However, the increasing connectivity has paved way for frictionless, efficient, and global outbound payment solution. The need to meet increasing consumer expectations can lead to a wider adoption of mPOS hardware.

Mobile POS (mPOS) is a device which can be linked to a smartphone or tablet and enables the user to accept a card or mobile contactless payment. Mobile point-of-sale is changing the retail industry by delivering results that other technologies have failed to deliver.

The global mPOS Hardware Market was valued at US$ 4173.5 Mn in 2017 and is expected to reach US$ 11579.5 Mn by 2022.

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The mobile POS terminals market has gained momentum over the previous years due to rapid and increasing deployments in large retail chains, across a wide number of regional marketplaces. Ease of use and better-quality return on investment (ROI) offered by these systems has positively impacted the mPOS terminals market.

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The convenience offered through online and mobile payment channels has resulted in the expansion of mobile POS terminal adoption. Since its emergence as distinct payment category in 2013, the global mPOS industry has witnessed exponential.

mPOS is exposed to vulnerabilities such as cyber attacks and malwares. These potential threats can create obstacles in the growth of the mPOS hardware market.

However, the increasing connectivity has paved way for frictionless, efficient, and global outbound payment solution. The need to meet increasing consumer expectations can lead to a wider adoption of mPOS hardware.

Retail anticipated to be Dominant Segments During the Forecast Period 2018-2026

On the basis of verticals, the mPOS hardware market is segmented into restaurants, hospitality, healthcare, warehouse, retail, entertainment and many others. Retail is expected to remain the dominant segment throughout the forecast period 2018-2026.

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Increasing Number of Smartphone Consumer Base to Drive the Growth of mPOS Hardware Market in Asia Pacific

The economic progress witnessed by countries in Asia Pacific, has led to a surge in the number of smartphone. Besides this factor, cheaper manufacturing processes in this region has also driven the number of smartphone users.

The rising level of connectivity has resulted to the adoption of mPOS hardware at a significant rate.

mPOS Hardware Market is Fragmented with the Presence of Global and Regional Players  

Some of the key participants in global market are First Data Corporation, HP Development Company, L.P., Ingenico Group, NEC Corporation, Oracle, Panasonic Corporation, Posiflex technology, Inc., QVS Software, Inc., Samsung, Spectra Technologies Holdings Co. Ltd., Toshiba Corporation, Verifone, ZIH Corp., Bixolon, PAYPAL, Square, Inc., DSPREAD Technology 13.18. Intuit Inc., BBPOS Limited, amongst other.

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mPOS Hardware Market – By Technology

Hybrid Technology Solutions

EMV Chip and Pin

Magnetic-Stripe

Chip and Sign

Near Field Communication (NFC)

Biometrics

Others

mPOS Hardware Market – By Solution Type

Integrated Card Reader Solutions

Card Reader Accessories

Dongles

Sleeves

Market By Vertical

Restaurants

Hospitality

Health Care

Retail

Warehouse/Distribution

Entertainment

Transportation

Public Transport

Rental Cars and Intercity Buses

Government

Consumer Utility Services

Market By Region

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

Market Report Highlights

Full in-depth analysis of the mPOS Hardware Market

Important changes in market dynamics

Segmentation details of the market

Market size, share analysis

Key strategies of major players

News From

Absolute Markets InsightsAbsolute Markets Insights
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