Thursday, 27 October 2016

Mobile POS Terminals Market is expanding at a CAGR of 23.2% from 2015 to 2022, Credence Research

According to a new industry report published by Credence Research “Mobile Point-of-Sale (mPOS) Terminals (Restaurants, Hospitality, Healthcare, Retail, Transportation and Warehouse, Sports and Entertainment, and Other Verticals) industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the mobile POS terminals industry is expected to reach US$ 43.32 Bn by 2022, expanding at a CAGR of 23.2% from 2015 to 2022. In terms of volume, the mobile POS terminal shipments are expected to reach 242.97 Mn units by 2022, expanding at a CAGR of 42.1% during the forecast period 2015 – 2022

Browse the full Mobile Point-of-Sale (mPOS) Terminals industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at

Industry Insights

Mobile POS (mPOS) terminals are specialized integrated mobile devices (smartphones and tablets) that function as electronic point of sale terminals. These specialized mobile devices can also be transformed into payment terminals through use of sleeves or dongles. Equipped with capabilities such as RFID (Radio Frequency Identification), Wi-Fi, smart card, and VoIP (Voice Internet Protocol), mobile POS terminals are additionally used to manage inventory/assets, send and receive invoices, send digitize notes, and capture signatures at counters. These capabilities allow mPOS terminals to accept payments even remotely through wireless applications. Advancements in payment technologies coupled with the move towards EMV (Europay, MasterCard, Visa) chip card payment is expected to fuel industry momentum.

Browse the full Mobile Point-of-Sale (mPOS) Terminals industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at

Competitive Insights:

The global mobile POS terminals/systems industry is highly fragmented across vertical industrys, requiring vendors to understand the distinct differences and requirements from vertical to vertical. Verifone Systems, Inc., Ingenico S.A., and PAX Technology Ltd are identified as the leading mobile POS terminal vendors while other players including First Data Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd , and Hewlett Packard have been marked as promising players in the mobile POS terminals industry.

Key Trends:

  • Demand for portable and wearable devices
  • Increase NFC-based transactions
  • Growing adoption of cloud-based and Android POS devices
  • Opportunity to offer Loyalty Options


About Us:

Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

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We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.


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