Global Mobile point of sale (POS) Market Analysis by Component, Solution Type, Technology, Connectivity, Enterprise Size, End-Use and Region and segments forecast till 2033
Market Overview
The global Mobile point of sale (POS) Market was worth USD 17,000 million in 2022 and is anticipated to amplify at a CAGR of 33.5% over 2023-2033, thereby accumulating USD 446,300 million by end of the analysis timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 17,000 Million |
Market Forecast in 2033 | USD 446,300 Million |
CAGR % 2023-2033 | 33.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Component, Solution Type, Technology, Connectivity, Enterprise Size, End-Use |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Citizen Systems Europe GmbH, Dspread Technology, Inc., First Data Corporation, Hewlett-Packard Development Company L.P., Ingenico S.A., Intuit, Inc., Zettle, Oracle Corporation (MICROS System, Inc.), Pax Technology Ltd., PayPal Holdings, Inc., Posiflex Technology, Inc., Recruit Holdings Co., Ltd., Square, Inc., VeriFone Systems, Inc., Zebra Technologies Corp, Shenzhen Xinguodu Technology Co., Ltd., Diebold Nixdorf, Fujian Newland Payment Technology Co., Ltd., BBPOS Ltd., and Bixolon Co., Ltd. |
Mobile point of sale refers to a wireless device such as smartphone or tablet which has been equipped with the technology to perform the operations of a cash register. These devices allow users to accept payments virtually with the help of a card reader and a downloaded payment application. Businesses also deploy additional POS hardware including cash drawer and barcode scanner to enhance the efficiency of these devices. Widespread technical innovations in the field of payment technologies is primarily aiding the industry expansion.
Furthermore, increasing internet penetration, the growing adoption of smart devices, and rapid digital evolution across the globe are positively swaying the market dynamics. Alongside, the ability of mPOS devices to dispatch digitized notes while sending and receiving invoices is creating an upward trend for the marketplace.
Also, surging adoption of android POS and cloud based devices along with the rising proliferation of EMV cards across various end use sectors are adding momentum to the progression of this marketplace. Moreover, emergence of the COVID-19 payment popularized the trend of contactless payments. This in turn stimulated the overall industry dynamics. On the flipside, rising concerns regarding user data security is hampering the remuneration scope of this business sphere.
With prompt digital evaluation, there has been a rising inclination of customers towards online shopping channels. This has resulted in the widespread adoption of efficient mPOS devices among prominent vendors to empower consumers with seamless shopping experience with the help of easy transaction methods.
There has been a widespread integration of various advanced technologies in the field of virtual payments. Various vendors have started deploying cloud-based payment modes to provide their users with benefits such as high speed, infrastructure security, scalability, and real time service. These factors in turn are adding traction to the market development.
Connectivity Insights
The 3G/4G/5G segment is projected to generate considerable revenue share over the stipulated timeline owing to the escalating demand for efficient and fast internet connectivity in the field of payment technology.
Component Insights
The software segment is slated to amass significant gains over due to the cost effectiveness of mPOS software.
Solution Type Insights
The card reader accessories segment is anticipated to capture a high revenue share over the analysis timeline. This is credited to the affordability of these accessories which in turn is increasing their adoption across SMEs.
Regional Insights
North America, Middle East & Africa, Europe, Latin America, and Asia Pacific are the major regions characterizing the landscape of this business sphere. Among these, Asia Pacific is projected to dominate the overall market in terms of revenue share. This is attributable to the flourishing e-commerce industry in the region coupled with prompt digital evolution.
Competitive Analysis
Citizen Systems Europe GmbH, Dspread Technology, Inc., First Data Corporation, Hewlett-Packard Development Company L.P., Ingenico S.A., Intuit, Inc., Zettle, Oracle Corporation (MICROS System, Inc.), Pax Technology Ltd., PayPal Holdings, Inc., Posiflex Technology, Inc., Recruit Holdings Co., Ltd., Square, Inc., VeriFone Systems, Inc., Zebra Technologies Corp, Shenzhen Xinguodu Technology Co., Ltd., Diebold Nixdorf, Fujian Newland Payment Technology Co., Ltd., BBPOS Ltd., and Bixolon Co., Ltd. Notably, in November 2019, Visa, Inc., inked a collaboration deal with Clip Company to enhance the sales of its mPOS system range in Mexico.
Global Mobile point of sale (POS) Market- Segmental Analysis
By Component
• Hardware
• Software
• Services
By Solution Type
• Integrated Card Reader Solutions
• Card Reader Accessories
By Technology
• Hybrid Technology Solutions
• EMV Chip and Pin
• Magnetic- Stripe
• Chip and Sign
• Near Field Communication (NFC)
• Biometrics
By Connectivity
• 3G/4G/5G
• Wi-Fi
• Bluetooth
• Others
By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises (SMEs)
By End-Use
• Restaurants
• Hospitality
• Health Care
• Retail
• Warehouse or Distribution
• Entertainment
• Transportation
• Government
• Consumer Utility Services
Why to buy this Report?
The report provides quantitative and qualitative aspect for Mobile point of sale (POS) Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Mobile point of sale (POS) Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Mobile Point of Sale (POS) Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Mobile Point of Sale (POS) Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Mobile Point of Sale (POS) Market Scope and Market Estimation
1.4.1. Global Mobile Point of Sale (POS) Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Mobile Point of Sale (POS) Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Mobile Point of Sale (POS) Market Segmentation
1.5.1. Component of Global Mobile Point of Sale (POS) Market
1.5.2. Solution Type of Global Mobile Point of Sale (POS) Market
1.5.3. Technology of Global Mobile Point of Sale (POS) Market
1.5.4. Connectivity of Mobile Point of Sale (POS) Market
1.5.5. Enterprise Size of Global Mobile Point of Sale (POS) Market
1.5.6. End-Use of Mobile Point of Sale (POS) Market
1.5.7. Key Regions of Mobile Point of Sale (POS) Market
2. Global Mobile Point of Sale (POS) Market - Executive Summary
2.1. Global Mobile Point of Sale (POS) Market – Summary & Snapshot
2.2. Global Mobile Point of Sale (POS) Market, By Component (US$ Million)
2.3. Global Mobile Point of Sale (POS) Market, By Solution Type (US$ Million)
2.4. Global Mobile Point of Sale (POS) Market, By Technology (US$ Million)
2.5. Global Mobile Point of Sale (POS) Market, By Connectivity (US$ Million)
2.6. Global Mobile Point of Sale (POS) Market, By Enterprise Size (US$ Million)
2.7. Global Mobile Point of Sale (POS) Market, By Connectivity (US$ Million)
2.8. Global Mobile Point of Sale (POS) Market, By Geography (US$ Million)
2.9. Global Mobile Point of Sale (POS) Market Outlook & Future Opportunities
3. Mobile Point of Sale (POS) Market Trends, Outlook, and Factors Analysis
3.1. Global Mobile Point of Sale (POS) Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Mobile Point of Sale (POS) Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Mobile Point of Sale (POS) Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Compelling customer experience Above All
3.2.1.2. Drivers 2
3.2.1.3. Drivers 3
3.2.1.4. Drivers 4
3.2.2. Restraints
3.2.2.1. Security risks associated with Mobile point of sale device
3.2.2.2. Restraints 2
3.2.3. Opportunities
3.2.3.1. Rising Adoption of Contactless Payment Solutions
3.2.3.2. Opportunities 2
3.2.3.3. Opportunities 4
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Mobile Point of Sale (POS) Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Mobile Point of Sale (POS) Market
3.9.1. By Component
3.9.2. By Solution Type
3.9.3. By Technology
3.9.4. By Connectivity
3.9.5. By Enterprise Size
3.9.6. By End-Use
3.9.7. By Regions
4. Global Mobile Point of Sale (POS) Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Mobile Point of Sale (POS) Market, 2020 – 2021 (US$ Million)
4.2. Global Mobile Point of Sale (POS) Market, By Component, 2020 To 2021 (US$ Million)
4.3. Global Mobile Point of Sale (POS) Market, By Solution Type, 2020 To 2021 (US$ Million)
4.4. Global Mobile Point of Sale (POS) Market, By Technology, 2020 To 2021 (US$ Million)
4.5. Global Mobile Point of Sale (POS) Market, By Connectivity 2020 To 2021 (US$ Million)
4.6. Global Mobile Point of Sale (POS) Market, By Enterprise Size 2020 To 2021 (US$ Million)
4.7. Global Mobile Point of Sale (POS) Market, By End-Use 2020 To 2021 (US$ Million)
4.8. Global Mobile Point of Sale (POS) Market, By Region, 2020 To 2021 (US$ Million)
5. Global Mobile Point of Sale (POS) Market Estimates & Forecast Trend Analysis, by Component
5.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033
5.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033
5.2.1. Hardware
5.2.2. Software
5.2.3. Services
6. Global Mobile Point of Sale (POS) Market Estimates & Forecast Trend Analysis, by Solution Type
6.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, By Solution Type, 2022 & 2033
6.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, by Solution Type, 2022 to 2033
6.2.1. Integrated Card Reader Solutions
6.2.2. Card Reader Accessories
6.2.2.1. Dongles
6.2.2.2. Sleeves
7. Global Mobile Point of Sale (POS) Market Estimates & Forecast Trend Analysis, by Technology
7.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, By Technology, 2022 & 2033
7.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, by Technology, 2022 to 2033
7.2.1. Hybrid Technology Solutions
7.2.2. EMV Chip and Pin
7.2.3. Magnetic-Stripe
7.2.4. Chip and Sign
7.2.5. Near Field Communication (NFC)
7.2.6. Biometrics
8. Global Mobile Point of Sale (POS) Market Estimates & Forecast Trend Analysis, by Connectivity
8.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, By Connectivity, 2022 & 2033
8.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, by Connectivity, 2022 to 2033
8.2.1. 3G/4G/5G
8.2.2. Wi-Fi
8.2.3. Bluetooth
8.2.4. Others
9. Global Mobile Point of Sale (POS) Market Estimates & Forecast Trend Analysis, by Enterprise Size
9.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, By Enterprise Size, 2022 & 2033
9.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, by Enterprise Size, 2022 to 2033
9.2.1. Large Enterprise
9.2.2. Small & Medium Enterprises (SMEs)
10. Global Mobile Point of Sale (POS) Market Estimates & Forecast Trend Analysis, by End-Use
10.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, By End-Use, 2022 & 2033
10.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, by End-Use, 2022 to 2033
10.2.1. Restaurants
10.2.2. Hospitality
10.2.3. Health Care
10.2.4. Retail
10.2.5. Warehouse or Distribution
10.2.6. Entertainment
10.2.7. Transportation
10.2.7.1. Public Transport
10.2.7.2. Rental Cars and Intercity Buses
10.2.8. Government
10.2.9. Consumer Utility Services
11. Global Mobile Point of Sale (POS) Market Analysis and Forecast, by Region
11.1. Global Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
11.2. Global Mobile Point of Sale (POS) Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033
11.2.1. North America
11.2.2. Europe
11.2.3. Asia Pacific
11.2.4. Middle East and Africa
11.2.5. Latin America
12. North America Mobile Point of Sale (POS) Market: Estimates & Forecast Trend Analysis
12.1. North America Mobile Point of Sale (POS) Market Assessments & Key Findings
12.2. North America Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. North America Mobile Point of Sale (POS) Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
12.3.1. By Component
12.3.2. By Solution Type
12.3.3. By Technology
12.3.4. By Connectivity
12.3.5. By Enterprise Size
12.3.6. By End-Use
12.3.7. By Major Country
12.3.7.1. The U.S.
12.3.7.2. Canada
13. Europe Mobile Point of Sale (POS) Market: Estimates & Forecast Trend Analysis
13.1. Europe Mobile Point of Sale (POS) Market Assessments & Key Findings
13.2. Europe Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Europe Mobile Point of Sale (POS) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Component
13.3.2. By Solution Type
13.3.3. By Technology
13.3.4. By Connectivity
13.3.5. By Enterprise Size
13.3.6. By End-Use
13.3.7. By Major Country
13.3.7.1. Germany
13.3.7.2. The U.K.
13.3.7.3. France
13.3.7.4. Italy
13.3.7.5. Spain
13.3.7.6. Rest of Europe (includes all other European countries)
14. Asia Pacific Mobile Point of Sale (POS) Market: Estimates & Forecast Trend Analysis
14.1. Asia Pacific Mobile Point of Sale (POS) Market Assessments & Key Findings
14.2. Asia Pacific Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Asia Pacific Mobile Point of Sale (POS) Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
14.3.1. By Component
14.3.2. By Solution Type
14.3.3. By Technology
14.3.4. By Connectivity
14.3.5. By Enterprise Size
14.3.6. By End-Use
14.3.7. By Major Country
14.3.7.1. China
14.3.7.2. Japan
14.3.7.3. India
14.3.7.4. ASEAN
14.3.7.5. South Korea
14.3.7.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
15. Middle East & Africa Mobile Point of Sale (POS) Market: Estimates & Forecast Trend Analysis
15.1. Middle East & Africa Mobile Point of Sale (POS) Market Assessments & Key Findings
15.2. Middle East & Africa Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Middle East & Africa Mobile Point of Sale (POS) Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
15.3.1. By Component
15.3.2. By Solution Type
15.3.3. By Technology
15.3.4. By Connectivity
15.3.5. By Enterprise Size
15.3.6. By End-Use
15.3.7. By Major Country
15.3.7.1. GCC
15.3.7.2. South Africa
15.3.7.3. Egypt
15.3.7.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
16. Latin America Mobile Point of Sale (POS) Market: Estimates & Forecast Trend Analysis
16.1. Latin America Market Assessments & Key Findings
16.2. Latin America Mobile Point of Sale (POS) Market Share (%) Estimates and Forecasts, 2022 & 2033
16.3. Latin America Mobile Point of Sale (POS) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
16.3.1. By Component
16.3.2. By Solution Type
16.3.3. By Technology
16.3.4. By Connectivity
16.3.5. By Enterprise Size
16.3.6. By End-Use
16.3.7. By Major Country
16.3.7.1. Brazil
16.3.7.2. Mexico
16.3.7.3. Rest of Latin America (includes all other Latin America countries)
17. Competitive Landscape
17.1. Mobile Point of Sale (POS) Market Revenue Share Analysis (%), By Major Players (2021)
17.2. Mobile Point of Sale (POS) Market Competition Matrix, By Leading Players
17.3. Mobile Point of Sale (POS) List of Emerging, Prominent & Leading Players
17.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
18. Company Profiles
18.1. Bixolon Co., Ltd.
18.1.1. Company Overview & Insights
18.1.2. Financial Performance
18.1.3. Product / Service Portfolio
18.1.4. Geographical Footprint & Share
18.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
18.2. Citizen Systems Europe GmbH
18.3. Dspread Technology, Inc.
18.4. First Data Corporation
18.5. Hewlett-Packard Development Company L.P.
18.6. Ingenico S.A.
18.7. Intuit, Inc.
18.8. Zettle
18.9. Oracle Corporation (MICROS System, Inc.)
18.10. Pax Technology Ltd.
18.11. Paypal Holdings, Inc.
18.12. Posiflex Technology, Inc.
18.13. Recruit Holdings Co., Ltd.
18.14. Square, Inc.
18.15. VeriFone Systems, Inc.
18.16. Zebra Technologies Corp
18.17. Shenzhen Xinguodu Technology Co., Ltd
18.18. Diebold Nixdorf
18.19. Fujian Newland Payment Technology Co., Ltd
18.20. BBPOS Ltd
18.21. Others
19. Assumptions and Research Methodology
19.1. Data Mining
19.2. Secondary Research
19.3. Primary Research
19.4. Subject Matter Expert Advice
19.5. Quality Check
19.6. Final Review
19.7. Data Triangulation
19.8. Bottom-Up Approach
19.9. Top Down Approach
19.10. Research Flow
19.11. Key Insights from Industry Experts
19.12. Data Sources
19.13. Assumptions
19.14. Limitations
20. Conclusions and Recommendations
20.1. Key Research Findings and Conclusion
20.2. Key Insights & Recommendations from Analysts
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Only Three Thousand Four Hundred Ninety Nine US dollar
Only Four Thousand Four Hundred Ninety Nine US dollar
Only Five Thousand Four Hundred Ninety Nine US dollar