Market Overview:
The global mobile POS systems market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mobile POS systems from retail and restaurant applications, and the growing adoption of these systems by small businesses. In terms of type, the card reader segment is expected to hold the largest share of the global mobile POS systems market during the forecast period. This can be attributed to factors such as low cost and easy installation of card readers as compared to other types of readers such as chip-and-PIN readers. In terms of application, retail is expected to hold the largest share of the global mobile POS systems market duringthe forecast period.
Product Definition:
A Mobile POS System is a Point of Sale system that can be used on a mobile device, such as a tablet or smartphone. This allows businesses to process payments anywhere they have an internet connection. Mobile POS Systems are important because they allow businesses to process payments anywhere they have an internet connection, which can be helpful for businesses that operate in multiple locations.
Card Reader:
A card reader is a device used to read data from one or more credit and debit cards, identification cards, smart cards or other plastic payment media. The technology has evolved over the years with improvements in connectivity and speed. A typical example of such an improvement would be the introduction of Near Field Communication (NFC), which enables high-speed transactions by allowing two-way communication between the card reader and the payment terminal instead of just one-way communication as was earlier available.
Chip-and-PIN Reader:
The chip-and-PIN (CPIP) reader is a smart card technology which enhances the customer experience by providing enhanced security during transactions. The CPIP technology is used in mobile POS systems to enhance payment security and authentication. It helps in improving transaction efficiency, increasing customer satisfaction, and reducing transaction time.
Application Insights:
The retail segment dominated the global mobile POS systems market in 2017 and is expected to maintain its dominance over the forecast period. The increasing penetration of smartphones has enabled retailers to offer their customers convenient payment options through mPOS solutions. Furthermore, rising demand for contactless payment technology in this sector is further anticipated to drive industry growth over the coming years.
The hospitality industry also accounted for a significant share in 2017 and is expected to grow at a lucrative rate during the forecast period. Growing investments by companies such as Apple, Inc., Samsung Electronics Co., Ltd., and Google LLC have resulted in development of innovative technologies such as beacons that help hotels track customer¢â‚¬â„¢s behavior across different channels, which provides valuable insights about customer behavior that can be used by hotel management for improving services offered thereby driving mPOS adoption across this sector. Moreover, introduction of new technologies such as AI will further fuel industry growth over the coming years.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives, rising adoption of mobile POS systems by retailers and rapid technological advancements. For instance, in India, Paytm launched its payment platform for merchants and consumers which allows users to pay through their smartphones. Moreover, the company partnered with AlipayHKLMN; allowing users to make payments through Paytm using their smartphone app or via internet browser.
North America accounted for more than 25% revenue share in 2016 owing high level of penetration achieved by early adoption of MPS technology coupled with presence of major industry participants such as NCR Corporation; American Express Company; Intel Corporation; and Visa Inc.
Growth Factors:
- Increasing demand for mobile payments and digital wallets
- Proliferation of smartphones and tablets
- Rising trend of online shopping and e-commerce
- Growing demand for mPOS systems from small businesses
- Advances in technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile POS Systems Market Research Report
By Type
Card Reader, Chip-and-PIN Reader, Other
By Application
Retail, Restaurant, Hospitality Industry, Other,
By Companies
Square, Ingenico, iZettle, Intuit, Payleven, PayPal, Adyen, CHARGE Anywhere, VeriFone Inc, PAX, Newland,
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Mobile POS Systems Market Report Segments:
The global Mobile POS Systems market is segmented on the basis of:
Types
Card Reader, Chip-and-PIN Reader, Other
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
Retail, Restaurant, Hospitality Industry, Other,
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:
- Square
- Ingenico
- iZettle
- Intuit
- Payleven
- PayPal
- Adyen
- CHARGE Anywhere
- VeriFone Inc
- PAX
- Newland
Highlights of The Mobile POS Systems 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:
- Card Reader
- Chip-and-PIN Reader
- Other
- By Application:
- Retail
- Restaurant
- Hospitality Industry
- Other
- 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 POS Systems 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
A mobile POS system is a type of point-of-sale (POS) equipment that can be used in retail stores to process transactions. Mobile POS systems are typically smaller and more portable than traditional POS systems, making them easier to use in small spaces. They also often have features that allow them to be used as stand-alone devices, without the need for a computer or other external support.
Some of the major companies in the mobile pos systems market are Square, Ingenico, iZettle, Intuit, Payleven, PayPal, Adyen, CHARGE Anywhere, VeriFone Inc, PAX, Newland.
The mobile pos systems market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mobile POS Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mobile POS Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mobile POS Systems Market - Supply Chain
4.5. Global Mobile POS Systems Market Forecast
4.5.1. Mobile POS Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mobile POS Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mobile POS Systems Market Absolute $ Opportunity
5. Global Mobile POS Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mobile POS Systems Market Size and Volume Forecast by Type
5.3.1. Card Reader
5.3.2. Chip-and-PIN Reader
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mobile POS Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mobile POS Systems Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Restaurant
6.3.3. Hospitality Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mobile POS Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mobile POS Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mobile POS Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mobile POS Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mobile POS Systems Demand Share Forecast, 2019-2026
9. North America Mobile POS Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mobile POS Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mobile POS Systems Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Restaurant
9.4.3. Hospitality Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mobile POS Systems Market Size and Volume Forecast by Type
9.7.1. Card Reader
9.7.2. Chip-and-PIN Reader
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mobile POS Systems Demand Share Forecast, 2019-2026
10. Latin America Mobile POS Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mobile POS Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mobile POS Systems Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Restaurant
10.4.3. Hospitality Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mobile POS Systems Market Size and Volume Forecast by Type
10.7.1. Card Reader
10.7.2. Chip-and-PIN Reader
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mobile POS Systems Demand Share Forecast, 2019-2026
11. Europe Mobile POS Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mobile POS Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mobile POS Systems Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Restaurant
11.4.3. Hospitality Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mobile POS Systems Market Size and Volume Forecast by Type
11.7.1. Card Reader
11.7.2. Chip-and-PIN Reader
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type 11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mobile POS Systems Demand Share, 2019-2026
12. Asia Pacific Mobile POS Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mobile POS Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mobile POS Systems Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Restaurant
12.4.3. Hospitality Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mobile POS Systems Market Size and Volume Forecast by Type
12.7.1. Card Reader
12.7.2. Chip-and-PIN Reader
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mobile POS Systems Demand Share, 2019-2026
13. Middle East & Africa Mobile POS Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mobile POS Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mobile POS Systems Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Restaurant
13.4.3. Hospitality Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mobile POS Systems Market Size and Volume Forecast by Type
13.7.1. Card Reader
13.7.2. Chip-and-PIN Reader
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mobile POS Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mobile POS Systems Market: Market Share Analysis
14.2. Mobile POS Systems Distributors and Customers
14.3. Mobile POS Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Square
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ingenico
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. iZettle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Intuit
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Payleven
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PayPal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Adyen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CHARGE Anywhere
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. VeriFone Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. PAX
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Newland
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
