Mobile Point-of-Sale Market Expected to Register Shipment of 245.21 Million Units in 2022
There is a growing push around the globe toward technology-enabled financial inclusion of the masses at the bottom of the pyramid and of small businesses. Mobile-enabled technology is seen to be a catalyst to achieve this goal, as mobility leads to faster deployment and improved quality of services. Moreover, mobility-based solutions are cost effective and offer ease of use. Mobility has led to the emergence of new business models in the payment space, driving innovation in the way financial transactions happen. A key aspect for the success of emerging models is the convergence of the diverse needs of merchants, customers, telecom operators, banks, and device vendors.
Mobile point-of-sale (mPOS) refers to specialized integrated devices such as tablets and smartphones that are capable of functioning as electronic point-of-sale terminals. These smartphones and tablets can also be converted into payment terminals through the use of dongles or sleeves. Countries such as the U.S., the U.K., and Japan have seen faster adoption of mPOS during the last few years due to favorable conditions such as high card penetration and a large installed base of smartphone and Internet users.
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This research report provides in-depth analysis of the global mPOS market based on solution types, technology, end-use, and geography. In terms of regions, the report segments the global mPOS market into India, China, Mexico, Brazil, and Rest of the World (RoW); these regions are analyzed in terms of shipment and installed base. Additionally, based on solution type, the mPOS market has been segmented into integrated card reader solutions and card reader accessories. Card reader accessories include dongles and sleeves. Various technologies being employed in mPOS solutions include EMV chip and pin, magnetic-stripe, chip and sign, near field communication (NFC), biometrics, and hybrid technology solutions. End-use segments considered under the scope of the study include restaurants, hospitality (lodging), healthcare, retail, warehouse/distribution, entertainment, transportation, government, and consumer utility services. The study provides shipment and installed base data for all the segments across the geographies considered in the study.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Global mPOS Market, 2013 – 2022, Shipment (Million Units) and Y-o-Y Growth (%)
2.2 Market Snapshot: Global mPOS Market (2014 and 2022)
Chapter 3 Global mPOS Market Overview
3.1 Introduction
3.2 Market Drivers
3.2.1 Rapid Growth of Mobile and Internet Penetration, Increasing Banking Network and Growth of Modern Retail
3.2.2 Advantages such as Ease of Use Due to Mobility and Lower Total Cost of Ownership Offered by mPOS Driving its Uptake
3.2.3 Replacement Demand Due to EMV Migration
3.2.4 Worldwide EMV Chip Card Deployment and Adoption Rate, 2013 and 2014
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