2020 Foresight Report: Mobile Point of Sale Technology

Published: April 2013
No. of Pages: 81
    ReportsandReports

Synopsis
• The report provides market analysis, information and insights into mobile point of sale technology (MPOS)
• The report provides a global snapshot of MPOS technology and its adoption in various regions across the world
• Comprehensive analysis of the technology’s market size and future growth prospects
• Analysis of various market drivers and key challenges
• Detailed analysis of the business strategies adopted by key players in the market to expand their customer base and operations
• Comprehensive analysis of best practices for merchants and MPOS solution providers for proper implementation of the technology
• Case studies showcasing the impact of MPOS adoption and detailed analysis of competitor landscape along with their business strategies


Summary
Initially mobile point of sale (MPOS) technology was targeted at small enterprises who could not afford a conventional point of sale (POS) solution, either because of financial restrictions or because of the mobile nature of their business operation. However, developments in the retail and service sectors suggest that the technology is not only making inroads into large stores but areas not previously outlined for its use. Demand is being driven by the number of benefits the technology offers, such as improved levels of customer service. MPOS solutions process card payments at anytime and in any location. The global MPOS industry registered significant growth in terms of the volume of terminals in operation during 2011-2012. Competitors such as Square, iZettle, mPowa, SumUp, VeriFone, Intuit and PayPal are aiding the growth of MPOS technology by making it accessible to smaller enterprises. Over the forecast period, the volume of terminals is expected to increase, driven by growth in the retail sector, increased online trade, a rise in smartphone usage and card penetration.


Scope
• This report provides a comprehensive analysis of mobile point of sale technology along with key drivers and challenges
• It provides current and future market size forecasts for MPOS adoption and its share of total POS systems globally
• Highlights regions with relatively high adoption levels and potential hotspots for investment in this technology
• Details key business strategies adopted by MPOS solution providers to expand their operations
• Illustrates implications of its adoption through the help of detailed case studies
• Provides best practices for MPOS solution providers and merchants for smooth adoption of MPOS terminals
• Gives insight into key players in the industry and their marketing strategies


Reasons To Buy
• Make business decisions using current market size data and forecasts related to MPOS adoption in various industries and different regions around the globe
• Understand the key drivers of MPOS technology and the challenges and limitations faced by it
• Assessment of the benefits that result from its adoption in various business sectors
• Gain insight into key business strategies being adopted by competitors


Key Highlights
• Technology has revolutionized the way business is conducted and payment mechanisms have undergone a series of developments. Time is a critical factor for consumers and merchants, it is therefore essential that efficient payment solutions are developed. It is due to this that MPOS devices have been developed.
• MPOS solutions have high adoption levels in more developed economies such as the UK, France and Germany with firms such as VeriFone, Square, Intuit, iZettle, PayPal and Motorola leading the charge. Countries in the Asia-Pacific region such as India, China, Malaysia, Singapore, and Hong Kong are now emerging as new destinations for investment in this technology.
• Technological innovations have allowed turning smartphones and tablets, running on platforms such as Apple’s iOS, Blackberry and Android to be used as MPOS systems. Many MPOS solution providers provide dongles capable of reading card information which can be attached to a smartphone through the headphone jack, a USB port or a proprietary connector.
• The market size of MPOS technology is growing at a fast pace. The key growth drivers are expected to comprise MPOS-enabled smartphones, investment in MPOS technology in the emerging economies of Asian and Africa, the large-scale adoption of MPOS technology by small enterprises and the clearance of regulatory hurdles.
• The retail sector is considered the main area of adoption for MPOS services due to the volume of transactions. Even though the sector’s growth rate has been volatile due to the economic crises, the size of the sector has continued to expand.

Published By: Timetric
Product Code: Timetric2576


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • High Net Worth trends in China 2016

    Synopsis This report provides projections of the volume and wealth of China HNWIs. This includes demographic trends (2011-2015) and findings of the proprietary Wealth Insight HNWI Database. Summary This report is the result of Wealt...

  • The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2021

    Synopsis Timetric's 'The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of ...

  • Challenges and Opportunities for the Wealth Sector in China 2016

    Synopsis This report is a thorough analysis of China Wealth Management and Private Banking sector, and the opportunities and challenges that it faces. Summary This report is the result of WealthInsight's extensive research covering ...

  • HNWI Asset Allocation in China 2016

    Synopsis This report provides the latest asset allocations of China HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of China HNWIs to 2020 and a comprehensive and robust background of t...

  • Retail Banking Country Snapshot: Malaysia 2016

    Summary Malaysia is a mature market, albeit still developing in many aspects. Our research shows that the country's consumers are very similar to those in developed nations in terms of embracing the convenience brought to banking through digital pla...

  • Consumer Payments Country Snapshot: New Zealand 2016

    Summary The New Zealand market is small, and less densely populated outside of Auckland, making it challenging to service. It is thus essential that digital channels form the basis of issuers' strategies. At the core of the payment market is consume...

  • United States P2P Lending Market Report 2016

    Notes: Sales, means the sales volume of P2P Lending Revenue, means the sales value of P2P Lending This report studies sales (consumption) of P2P Lending in United States market, focuses on the top players, with sales, price, revenue and market s...

  • Global ATM Machine Market Research Report 2016

    Notes: Production, means the output of ATM Machine Revenue, means the sales value of ATM Machine This report studies ATM Machine in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufa...

  • Consumer Payments Country Snapshot: France 2016

    Summary The French consumer payments market is unlike many other developed markets in the Western world in that card holding is low, with fewer payment cards than people in 2015. France has a highly developed point of sale (POS) infrastructure as we...

  • Wealth in Switzerland: Sizing the Market Opportunity 2016

    Summary Switzerland is known for its high standard of living and well-developed private banking market, as well as a favorable tax system kept in check by each of the 26 Swiss cantons. These factors, along with the country's favorable level of econo...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: