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Published Date: 2015-09-30Number of Pages: 103

Mobile Point-of-Sale (mPOS) Market (By Solution Type: Integrated Card Reader Solutions and Card Reader Accessories; By Technology: Hybrid Technology Solutions, EMV Chip and Pin, Magnetic-Stripe, Chip and Sign, Near Field Communication (NFC) and Biometrics; By End-use: Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse/Distribution, Entertainment, Transportation, Government and Consumer Utility Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 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. Other economies, such as China, India, Brazil, and Mexico, are fast becoming key areas of investment for players involved in the mPOS ecosystem due to a combination of favorable macroeconomic factors. These include a rapidly growing smartphone base, a large number of small and micro merchants, and favorable government policies.

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.

The report analyzes the factors that drive and restrain the growth of the mPOS market. The report also discusses the prevailing market trends, prospective growth opportunities, and major strategies to increase the popularity of mPOS solutions. It also provides the market estimates and forecasts for all the segments in terms of shipment and installed base. Also provided is the market positioning of key players in the global mPOS market.

Additionally, the report includes competitive profiling of the major players in the mPOS ecosystem. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. The companies profiled in the report are Ingenico S.A., PAX Technology Ltd., Oracle Corporation (MICROS Systems, Inc.), VeriFone Systems, Inc., Hewlett-Packard Development Company L.P., Toshiba Corporation, Intuit, Inc., First Data Corporation, iZettle AB, PayPal Holdings, Inc., and Square, Inc.


Mobile Point-of-Sale (mPOS) Market

By Solution Type

  • Integrated Card Reader Solutions
  • Card Reader Accessories
    • Dongles
    • Sleeves

By Technology

  • Hybrid Technology Solutions
  • EMV Chip and Pin
  • Magnetic-Stripe
  • Chip and Sign
  • Near Field Communication (NFC)
  • Biometrics

By End-use

  • Restaurant
  • Hospitality (Lodging)
  • Healthcare
  • Retail
  • Warehouse/Distribution
  • Entertainment
  • Transportation
    • Public Transport
    • Rental Cars and Intercity Buses
  • Government
  • Consumer Utility Services

By Geography

  • China
  • India
  • Brazil
  • Mexico
  • Rest of the World (RoW)


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
3.3 Market Restraints
      3.3.1 Security Concerns Pertaining to Data Breaches and Challenges Pertaining to Network Connectivity and Battery Life
3.4 Market Opportunities
      3.4.1 mPOS Value-Added Services (VAS)
      3.4.2 Convergence of Consumer Mobile Commerce and Merchant Card Acceptance Ecosystems and Low-Cost Analytics Solutions for Small and Micro Merchants
3.5 Key Market Trends
      3.5.1 Trends in NFC Payments
3.6 Market Positioning of Key Players, 2014
3.7 Recommendations
3.8 Key Players by Region (Based On Headquarter Location)
3.9 Global mPOS Market Shipment, 2013 – 2022 (Million Units)
3.10 Global mPOS Market Installed Base, 2013 – 2022 (Million Units)
3.11 Global mPOS Market, by Solution Type
      3.11.1 Global mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
      3.11.2 Global mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
      3.11.3 Integrated Card Reader Solutions
      3.11.4 Global Card Reader Accessories Market, by Type
              3.11.4.1 Global Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
              3.11.4.2 Global Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
              3.11.4.3 Dongles
              3.11.4.4 Sleeves
3.12 Global mPOS Market, by Technology
      3.12.1 Global mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
      3.12.2 Global mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
      3.12.3 Hybrid Technology Solutions
      3.12.4 EMV Chip and Pin
      3.12.5 Magnetic-stripe
      3.12.6 Chip and Sign
      3.12.7 Near-field Communication (NFC)
      3.12.8 Biometrics
3.13 Global mPOS Market, by End-use
      3.13.1 Global mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
      3.13.2 Global mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
      3.13.3 Restaurants
      3.13.4 Hospitality (Lodging)
      3.13.5 Healthcare
      3.13.6 Retail
      3.13.7 Warehouse/Distribution
      3.13.8 Entertainment
      3.13.9 Transportation
              3.13.9.1 Global mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
              3.13.9.2 Global mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
      3.13.10 Government
      3.13.11 Consumer Utility Services

Chapter 4 India mPOS Market Analysis
4.1 Key Trends Analysis
4.2 India mPOS Market Shipment, 2013 – 2022 (Million Units)
4.3 India mPOS Market Installed Base, 2013 – 2022 (Million Units)
4.4 India mPOS Market, by Solution Type
      4.4.1 India mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
      4.4.2 India mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
      4.4.3 India Card Reader Accessories Market, by Type
              4.4.3.1 India Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
              4.4.3.2 India Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
4.5 India mPOS Market, by Technology
      4.5.1 India mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
      4.5.2 India mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
4.6 India mPOS Market, by End-use
      4.6.1 India mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
      4.6.2 India mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
              4.6.2.1 India mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
              4.6.2.2 India mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)

Chapter 5 China mPOS Market Analysis
5.1 China mPOS Market Shipment, 2013 – 2022 (Million Units)
5.2 China mPOS Market Installed Base, 2013 – 2022 (Million Units)
5.3 China mPOS Market, by Solution Type
      5.3.1 China mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
      5.3.2 China mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
      5.3.3 China Card Reader Accessories Market, by Type
              5.3.3.1 China Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
              5.3.3.2 China Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
5.4 China mPOS Market, by Technology
      5.4.1 China mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
      5.4.2 China mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
5.5 China mPOS Market, by End-use
      5.5.1 China mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
      5.5.2 China mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
              5.5.2.1 China mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
              5.5.2.2 China mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)

Chapter 6 Mexico mPOS Market Analysis
6.1 Key Trends Analysis
6.2 Mexico mPOS Market Shipment, 2013 – 2022 (Million Units)
6.3 Mexico mPOS Market Installed Base, 2013 – 2022 (Million Units)
6.4 Mexico mPOS Market, by Solution Type
      6.4.1 Mexico mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
      6.4.2 Mexico mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
      6.4.3 Mexico Card Reader Accessories Market, by Type
              6.4.3.1 Mexico Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
              6.4.3.2 Mexico Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
6.5 Mexico mPOS Market, by Technology
      6.5.1 Mexico mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
      6.5.2 Mexico mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
6.6 Mexico mPOS Market, by End-use
      6.6.1 Mexico mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
      6.6.2 Mexico mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
              6.6.2.1 Mexico mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
              6.6.2.2 Mexico mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)

Chapter 7 Brazil mPOS Market Analysis
7.1 Key Trends Analysis
7.2 Brazil mPOS Market Shipment, 2013 – 2022 (Million Units)
7.3 Brazil mPOS Market Installed Base, 2013 – 2022 (Million Units)
7.4 Brazil mPOS Market, by Solution Type
       7.4.1 Brazil mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
       7.4.2 Brazil mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
       7.4.3 Brazil Card Reader Accessories Market, by Type
              7.4.3.1 Brazil Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
              7.4.3.2 Brazil Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
7.5 Brazil mPOS Market, by Technology
      7.5.1 Brazil mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
      7.5.2 Brazil mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
7.6 Brazil mPOS Market, by End-use
      7.6.1 Brazil mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
      7.6.2 Brazil mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
7.6.2.1 Brazil mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
7.6.2.2 Brazil mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)

Chapter 8 Rest of the World (RoW) mPOS Market Analysis
8.1 Key Trends Analysis
8.2 RoW mPOS Market Shipment, 2013 – 2022 (Million Units)
8.3 RoW mPOS Market Installed Base, 2013 – 2022 (Million Units)
8.4 RoW mPOS Market, by Solution Type
      8.4.1 RoW mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
      8.4.2 RoW mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
      8.4.3 RoW Card Reader Accessories Market, by Type
              8.4.3.1 RoW Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
              8.4.3.2 RoW Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
8.5 RoW mPOS Market, by Technology
      8.5.1 RoW mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
      8.5.2 RoW mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
8.6 RoW mPOS Market, by End-use
      8.6.1 RoW mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
      8.6.2 RoW mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
              8.6.2.1 RoW mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
              8.6.2.2 RoW mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)

Chapter 9 Mobile Peer-to-Peer (P2P) Payments Adoption Rate Analysis
9.1 Mobile Peer-to-Peer (P2P) Payment Services Adoption Rate Analysis
      9.1.1 Adoption Rate of Mobile P2P Payments (Total Mobile Payment Users / Total Population), 2014 and 2022

Chapter 10 Company Profiles
10.1 Ingenico S.A.
10.2 PAX Technology Ltd.
10.3 Oracle Corporation (MICROS Systems, Inc.)
10.4 VeriFone Systems, Inc.
10.5 Hewlett-Packard Development Company L.P.
10.6 Toshiba Corporation
10.7 Intuit, Inc.
10.8 First Data Corporation
10.9 iZettle AB
10.10 PayPal Holdings, Inc.
10.11 Square, Inc.

Chapter 11 Appendix
11.1 Worldwide EMV Deployment: Regional Definitions

List of Figures

FIG. 1 Market Segmentation: Global mPOS Market
FIG. 2 Global mPOS Market, 2013 – 2022, Shipment (Million Units) and Y-o-Y Growth (%)
FIG. 3 Frequency of Data Breaches by Type of Breach, 2013
FIG. 4 Market Positioning of Key mPOS Platform Providers , 2014

List of Tables

TABLE 1 Market Snapshot: Global mPOS Market (2014 and 2022)
TABLE 2 Worldwide EMV Chip Card Deployment and Adoption Rate, 2013 and 2014
TABLE 3 Key Players by Region (Based On Headquarter Location)
TABLE 4 Global mPOS Market Shipment, 2013 – 2022 (Million Units)
TABLE 5 Global mPOS Market Installed Base, 2013 – 2022 (Million Units)
TABLE 6 Global mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
TABLE 7 Global mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
TABLE 8 Global Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
TABLE 9 Global Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
TABLE 10 Global mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
TABLE 11 Global mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
TABLE 12 Global mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
TABLE 13 Global mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
TABLE 14 Global mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 15 Global mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 16 India mPOS Market Shipment, 2013 – 2022 (Million Units)
TABLE 17 India mPOS Market Installed Base, 2013 – 2022 (Million Units)
TABLE 18 India mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
TABLE 19 India mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
TABLE 20 India Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
TABLE 21 India Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
TABLE 22 India mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
TABLE 23 India mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
TABLE 24 India mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
TABLE 25 India mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
TABLE 26 India mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 27 India mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 28 China mPOS Market Shipment, 2013 – 2022 (Million Units)
TABLE 29 China mPOS Market Installed Base, 2013 – 2022 (Million Units)
TABLE 30 China mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
TABLE 31 China mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
TABLE 32 China Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
TABLE 33 China Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
TABLE 34 China mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
TABLE 35 China mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
TABLE 36 China mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
TABLE 37 China mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
TABLE 38 China mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 39 China mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 40 Mexico mPOS Market Shipment, 2013 – 2022 (Million Units)
TABLE 41 Mexico mPOS Market Installed Base, 2013 – 2022 (Million Units)
TABLE 42 Mexico mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
TABLE 43 Mexico mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
TABLE 44 Mexico Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
TABLE 45 Mexico Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
TABLE 46 Mexico mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
TABLE 47 Mexico mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
TABLE 48 Mexico mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
TABLE 49 Mexico mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
TABLE 50 Mexico mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 51 Mexico mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 52 Brazil mPOS Market Shipment, 2013 – 2022 (Million Units)
TABLE 53 Brazil mPOS Market Installed Base, 2013 – 2022 (Million Units)
TABLE 54 Brazil mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
TABLE 55 Brazil mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
TABLE 56 Brazil Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
TABLE 57 Brazil Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
TABLE 58 Brazil mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
TABLE 59 Brazil mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
TABLE 60 Brazil mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
TABLE 61 Brazil mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
TABLE 62 Brazil mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 63 Brazil mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 64 RoW mPOS Market Shipment, 2013 – 2022 (Million Units)
TABLE 65 RoW mPOS Market Installed Base, 2013 – 2022 (Million Units)
TABLE 66 RoW mPOS Market Shipment, by Solution Type, 2013 – 2022 (Million Units)
TABLE 67 RoW mPOS Market Installed Base, by Solution Type, 2013 – 2022 (Million Units)
TABLE 68 RoW Card Reader Accessories Market Shipment, by Type, 2013 – 2022 (Million Units)
TABLE 69 RoW Card Reader Accessories Market Installed Base, by Type, 2013 – 2022 (Million Units)
TABLE 70 RoW mPOS Market Shipment, by Technology, 2013 – 2022 (Million Units)
TABLE 71 RoW mPOS Market Installed Base, by Technology, 2013 – 2022 (Million Units)
TABLE 72 RoW mPOS Market Shipment, by End-use, 2013 – 2022 (Million Units)
TABLE 73 RoW mPOS Market Installed Base, by End-use, 2013 – 2022 (Million Units)
TABLE 74 RoW mPOS Market Shipment for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 75 RoW mPOS Market Installed Base for Transportation End-use, by Type, 2013 – 2022 (Million Units)
TABLE 76 Adoption Rate of Mobile P2P Payments (Total Mobile Payment Users / Total Population), 2014 and 2022

Fast developing technologies in smartphones and their applications have benefited businesses and enhanced customer experiences globally. The ease of conducting business has been enhanced with the introduction of mobile point-of-sale (mPOS) which enables merchants to conduct transactions via dedicated mobile devices. mPOS reduces the cost of investment on electronic register devices and their maintenance. These devices have observed significant adoption by small and large scale merchants in mature markets such as North America and Europe. In recent years, the growth of these devices has accelerated outside North America and Europe as well. Globally, 11.87 million mPOS units were shipped in 2014; the number is projected to reach 245.21 million units by 2022, expanding at a CAGR of 47.9% during the forecast period (2015 – 2022). Ease of use due to mobility and low total cost of ownership (TCO) are the major factors responsible for increased preference of merchants toward mPOS solutions. During the coming years, both small- and medium-size businesses (SMBs) and large businesses are expected to increasingly adopt mPOS solutions in order to enhance business productivity.

The mPOS market has been categorized based on solution types into integrated card reader solutions and card reader accessories. The demand for card reader accessories, which include dongles and sleeves, is driven by their low cost. mPOS solutions integrate different technologies depending on the hardware and software, that includes hybrid technology solutions, EMV chip and pin, magnetic-stripe, chip and sign, near field communication (NFC), and biometrics. In the coming years, hybrid technology solutions, EMV chip and pin, and NFC-based solutions are anticipated to be among the fastest-growing segments due to a liability shift that necessitates the provision of EMV chip and pin feature in mPOS devices. 

mPOS finds a wide range of applications in the market, due to its feasibility and cost benefits over other alternative devices. Some of the major application sectors include retail, hospitality, healthcare, warehouse/distribution, entertainment, transportation, and others. Retail accounted for the largest market share of the mPOS market in 2014. Due to increase in customer preferences for card payments, merchants are increasingly considering mPOS, thus driving the retail mPOS market. Moreover, large retailers are expected to adopt mPOS solutions in the coming years to enhance consumer experience and fast processing of services. 

 

mpos-2016-market

 

The rapid infrastructure development in developing countries such as India, Brazil, Mexico and others, is expected to create huge opportunities for mPOS in the coming years. Moreover, the economic growth in developing regions has increased the spending power of consumers, thus generating good potential for mPOS devices. The rise in number of card-users and the use of smartphones are some of the other major factors likely to create further market opportunities. The competition is intense in these markets, with leading players and new entrants trying to capitalize on the high potential mPOS market. Some of the key companies operating in the mPOS market include MasterCard, American Express Company, Ingenico S.A. (ROAM), VeriFone Systems, Inc., Fujitsu Ltd., PAX Technology Ltd., Wincor-Nixdorf International, International Technologies and Systems Corporation, Cybertill, Charge Anywhere, AnywhereCommerce, MagTek, Inc., Infinite Peripherals, Miura Systems Ltd., goSwiff Ltd., and Ezetap.


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