"Mobile Point-of-Sale (mPOS) Terminals Market (Restaurants, Hospitality, Healthcare, Retail, Transportation and Warehouse, Sports and Entertainment, and Other Verticals) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022, the demand for mobile POS terminals is poised to witness upsurge, majorly contributed by the demand from retail sector.
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According to the research study titled “Mobile Point-of-Sale (mPOS) Terminals (Restaurants, Hospitality, Healthcare, Retail, Transportation and Warehouse, Sports and Entertainment, and Other Verticals) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the current penetration rate of mobile POS terminals is comparatively high in the retail segment, especially among micro, small and medium sized business retailers. Easy operational use and low upfront cost of these devices has necessitated retailers, especially micro and small merchants to look beyond the traditional stationary POS systems.
Thus, the use of a tablet or a smartphone allows retailers to support the Point of Sale capability at relatively less capital expenditure and realize improved return on investments. Furthermore, mobile POS devices also support loyalty programs that are targeted at customer retention. By identifying loyal customers (through their payment information), mobile POS terminals enable retailers to offer discounts, coupons and other perks to these customers, thereby enhancing their shopping/buying experience.
Although mobile POS terminal vendors have eventually realized the need for achieving scale and targeting beyond their core base of micro merchants, the adoption of mobile POS terminals among larger retailers has been low. However, with the established retail chains such as Apple, Home Depot, Gucci, Nordstrom, and Urban Outfitters increasingly deploying mobile POS terminals, the future prospect looks favorable.
Thus, the use of a tablet or a smartphone allows retailers to support the Point of Sale capability at relatively less capital expenditure and realize improved return on investments. Furthermore, mobile POS devices also support loyalty programs that are targeted at customer retention. By identifying loyal customers (through their payment information), mobile POS terminals enable retailers to offer discounts, coupons and other perks to these customers, thereby enhancing their shopping/buying experience.
Although mobile POS terminal vendors have eventually realized the need for achieving scale and targeting beyond their core base of micro merchants, the adoption of mobile POS terminals among larger retailers has been low. However, with the established retail chains such as Apple, Home Depot, Gucci, Nordstrom, and Urban Outfitters increasingly deploying mobile POS terminals, the future prospect looks favorable.
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The advanced mobile POS terminals are also sometimes coupled with Bluetooth-enabled printers to ensure queue busting for faster checkout during heavy rush at retail stores. In retail stores, mobile POS terminals enable sales associate to answer queries, provide information, and check out a customer anywhere and quickly. Thus, by integrating mobile POS terminals into their business processes, retailers are able to accelerate the transaction time at the counter by ensuring five times faster contactless credit/debit card payments than those requiring a signature.
Comparatively smaller life (on an average 2 years as against 4 to 6 six years for traditional fixed POS systems) would mean that mobile POS solutions will be replaced more often than the traditional stationary POS systems. Thus, the opportunity for resellers and distributors lies in selling more software licenses as the number of mobile devices is expected to grow significantly in the coming years."
Comparatively smaller life (on an average 2 years as against 4 to 6 six years for traditional fixed POS systems) would mean that mobile POS solutions will be replaced more often than the traditional stationary POS systems. Thus, the opportunity for resellers and distributors lies in selling more software licenses as the number of mobile devices is expected to grow significantly in the coming years."
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global mPOS Terminals Market
2.2 Global mPOS Terminals Market, By Component
2.3 Global mPOS Terminals Market, By End-use
2.4 Global mPOS Terminals Market, By Geography
2.1 Market Snapshot: Global mPOS Terminals Market
2.2 Global mPOS Terminals Market, By Component
2.3 Global mPOS Terminals Market, By End-use
2.4 Global mPOS Terminals Market, By Geography
Chapter 3 Market Dynamics
3.1 Product Insights
3.1.1 Global Mobile Point-of-Sale Terminals Market Revenue and Volume, 2013 – 2022, (US$ Bn) (Mn Units)
3.2 Key Trends Analysis
3.2.1 Evolution of mPOS Terminals
3.2.2 Recent Trends and Outlook
3.2.2.1 Demand for Portable and Wearable Devices
3.2.2.2 Cloud-based and Android POS Devices
3.2.2.3 Opportunity to Offer Loyalty Options
3.3 Market Drivers
3.3.1 Conformity with the EMV Regulation to Fuel Replacement Demand
3.3.2 Emergence of Mobile Wallet Technology and Increasing NFC-based Transactions to Fuel Market Demand
3.3.3 Enhanced Features and Lower Total Cost of Ownership (TCO) to Drive Demand in SMBs
3.4 Market Growth Inhibitors
3.4.1 Security Concerns Associated with Data Breaches
3.1 Product Insights
3.1.1 Global Mobile Point-of-Sale Terminals Market Revenue and Volume, 2013 – 2022, (US$ Bn) (Mn Units)
3.2 Key Trends Analysis
3.2.1 Evolution of mPOS Terminals
3.2.2 Recent Trends and Outlook
3.2.2.1 Demand for Portable and Wearable Devices
3.2.2.2 Cloud-based and Android POS Devices
3.2.2.3 Opportunity to Offer Loyalty Options
3.3 Market Drivers
3.3.1 Conformity with the EMV Regulation to Fuel Replacement Demand
3.3.2 Emergence of Mobile Wallet Technology and Increasing NFC-based Transactions to Fuel Market Demand
3.3.3 Enhanced Features and Lower Total Cost of Ownership (TCO) to Drive Demand in SMBs
3.4 Market Growth Inhibitors
3.4.1 Security Concerns Associated with Data Breaches
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Chapter 4 Global mPOS Terminals Market Analysis, By Component
4.1 Overview
4.2 Pac-Man Analysis
4.3 Hardware
4.3.1 Global Mobile Point-Of-Sales Terminals Hardware Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
4.4 Software
4.4.1 Global Mobile Point-Of-Sales Terminals Software Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
4.1 Overview
4.2 Pac-Man Analysis
4.3 Hardware
4.3.1 Global Mobile Point-Of-Sales Terminals Hardware Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
4.4 Software
4.4.1 Global Mobile Point-Of-Sales Terminals Software Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
Chapter 5 Global Mobile POS Terminals Market Analysis, By End-use
5.1 Overview
5.2 Tornado Analysis
5.3 Restaurants
5.3.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Restaurant Applications, 2013 – 2022, (US$ Bn)(Mn Units)
5.4 Hospitality
5.4.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Hospitality, 2013 – 2022, (US$ Bn) (Mn Units)
5.5 Healthcare
5.5.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Healthcare Applications, 2013 – 2022, (US$ Bn) (Mn Units)
5.1 Overview
5.2 Tornado Analysis
5.3 Restaurants
5.3.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Restaurant Applications, 2013 – 2022, (US$ Bn)(Mn Units)
5.4 Hospitality
5.4.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Hospitality, 2013 – 2022, (US$ Bn) (Mn Units)
5.5 Healthcare
5.5.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Healthcare Applications, 2013 – 2022, (US$ Bn) (Mn Units)
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