Market Overview:
The global mobile point of sale devices market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The increasing demand for mobility and portability in the retail and hospitality sectors is driving the growth of the global mobile point of sale devices market. Additionally, the growing trend of card-less transactions is also contributing to the growth of this market. The global mobile point of sale devices market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into integrated card reader solutions, card reader accessories, and dongles. Integrated card reader solutions are further classified into standalone readers and readers with built-in printers. Card reader accessories include adapters/docks for smartphones/tablets and cables/connectors. Dongles are USB-based peripherals that allow a computer or other device to connect wirelessly to a network using an Ethernet cable or Wi-Fi connection respectively Dongles are used mainly for connecting peripheral devices such as printers or scanners to a computer without having any extra ports available on them .On th e basis o f application , t he m arket can be bifurcated int o restaurant hospitality , healthcare , retail , an d ot hers .
Product Definition:
A mobile point of sale device (mPOS) is a portable, battery-powered credit card reader that attaches to a smartphone or tablet. mPOS devices allow merchants to accept payments anywhere, anytime. They are often used by small businesses and sole proprietors who want to take advantage of mobile payments technology without investing in a full-fledged point-of-sale system.
Integrated Card Reader Solutions:
The global integrated card reader solutions market is expected to witness significant growth over the forecast period. The major factor that can be attributed to this growth is the increasing penetration of mobile POS devices in small and medium enterprises across various geographies. Small and Medium Enterprises (SMEs) are widely adopting mobile POS devices as they help reduce operational costs, increase convenience for customers, improve employee productivity, and ensure regulatory compliance.
Card Reader Accessories:
Card reader accessories are used in mobile POS devices to read the data from the card and transfer it to the computer. The main function of these accessories is to allow merchants or retailers access payment options via smartphones by installing a small application on them. These applications also help in generating sales reports for analysis, which helps merchants manage their business easily.
Application Insights:
The market is segmented by application into restaurants, hospitality, healthcare, retail and others. The restaurant industry has been growing significantly over the past few years owing to the increasing number of chains and new openings. This growth has resulted in increased demand for dine-out experiences which can only be met by mobile point of sale solutions. As a result, this industry is expected to exhibit high growth over the forecast period with revenue estimated to reach USD 2.97 billion by 2030.
The hospitality segment dominated the overall market in terms of revenue generation as well as adoption rate among all applications globally since 2015 due to an increase in hotel construction across various regions coupled with a rise in consumer spending on travel and tourism activities within countries such as India China Indonesia Malaysia Philippines Singapore Thailand Vietnam Africa Brazil Argentina Chile Colombia Ethiopia Mexico Nigeria Pakistan Peru Russia Saudi Arabia South Africa UAE).
Regional Analysis:
The Asia Pacific region is expected to emerge as a predominant region over the forecast period. The growth can be attributed to increasing demand for POS devices from emerging economies, such as India and China. In addition, rising adoption of mobile POS technology in these countries will drive the regional market further. Increasing investments by prominent players in this region will also contribute towards market growth. For instance, Samsung Electronics Co., Ltd has announced about developing its own payment solution called Samsung Pay that can be used with any magnetic secure card readers or via Bluetooth for easy payments at merchant locations throughout South Korea and China.
North America is projected to witness considerable growth during the same period owing to growing acceptance of advanced technologies among retailers.
Growth Factors:
- Increasing demand for mobile point of sale devices from small and medium-sized businesses (SMBs) due to the growing trend of online shopping and the need for fast, secure, and convenient payment processing.
- The increasing popularity of mPOS devices among consumers due to their ease of use, portability, and affordability.
- The growing demand for mPOS devices in developing countries as a result of the increasing number of small businesses and the rising penetration rate of smartphones and tablets.
- The advent of new technologies such as near field communication (NFC) that are helping to drive growth in the mPOS market by making it easier for consumers to make payments using their smartphones or tablets.
- The increasing number of partnerships between merchants and financial institutions that are helping to promote widespread adoptionof mobile point-of-sale devices among merchants
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Point Of Sale Devices Market Research Report
By Type
Integrated Card Reader Solutions, Card Reader Accessories, Dongles
By Application
Restaurant Hospitality, Healthcare, Retail, Others
By Companies
VeriFone Systems, Square, First Data, LifePay ZAO, Upserve, Paynear Solutions Private, CardFlight, Ingenico Group, Zebra Technologies, Hewlett-Packard Development Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Mobile Point Of Sale Devices Market Report Segments:
The global Mobile Point Of Sale Devices market is segmented on the basis of:
Types
Integrated Card Reader Solutions, Card Reader Accessories, Dongles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurant Hospitality, Healthcare, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- VeriFone Systems
- Square
- First Data
- LifePay ZAO
- Upserve
- Paynear Solutions Private
- CardFlight
- Ingenico Group
- Zebra Technologies
- Hewlett-Packard Development Company
Highlights of The Mobile Point Of Sale Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Integrated Card Reader Solutions
- Card Reader Accessories
- Dongles
- By Application:
- Restaurant Hospitality
- Healthcare
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile Point Of Sale Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mobile Point of Sale Devices are handheld devices that allow merchants to accept payments from customers through mobile phones. These devices typically include a scanner and a touch screen for making transactions.
Some of the major companies in the mobile point of sale devices market are VeriFone Systems, Square, First Data, LifePay ZAO, Upserve, Paynear Solutions Private, CardFlight, Ingenico Group, Zebra Technologies, Hewlett-Packard Development Company.
The mobile point of sale devices market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mobile Point Of Sale Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Mobile Point Of Sale Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Mobile Point Of Sale Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Mobile Point Of Sale Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Mobile Point Of Sale Devices Market Size & Forecast, 2020-2028 4.5.1 Mobile Point Of Sale Devices Market Size and Y-o-Y Growth 4.5.2 Mobile Point Of Sale Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Integrated Card Reader Solutions
5.2.2 Card Reader Accessories
5.2.3 Dongles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Restaurant Hospitality
6.2.2 Healthcare
6.2.3 Retail
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile Point Of Sale Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mobile Point Of Sale Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Integrated Card Reader Solutions
9.6.2 Card Reader Accessories
9.6.3 Dongles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Restaurant Hospitality
9.10.2 Healthcare
9.10.3 Retail
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Integrated Card Reader Solutions
10.6.2 Card Reader Accessories
10.6.3 Dongles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Restaurant Hospitality
10.10.2 Healthcare
10.10.3 Retail
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Integrated Card Reader Solutions
11.6.2 Card Reader Accessories
11.6.3 Dongles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Restaurant Hospitality
11.10.2 Healthcare
11.10.3 Retail
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Integrated Card Reader Solutions
12.6.2 Card Reader Accessories
12.6.3 Dongles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Restaurant Hospitality
12.10.2 Healthcare
12.10.3 Retail
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Integrated Card Reader Solutions
13.6.2 Card Reader Accessories
13.6.3 Dongles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Restaurant Hospitality
13.10.2 Healthcare
13.10.3 Retail
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mobile Point Of Sale Devices Market: Competitive Dashboard
14.2 Global Mobile Point Of Sale Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VeriFone Systems
14.3.2 Square
14.3.3 First Data
14.3.4 LifePay ZAO
14.3.5 Upserve
14.3.6 Paynear Solutions Private
14.3.7 CardFlight
14.3.8 Ingenico Group
14.3.9 Zebra Technologies
14.3.10 Hewlett-Packard Development Company