Mobile Point-of-Sale (mPOS) Terminals Market Insights, Forecast to 2026:VeriFone Systems, Oracle Corporation, Ingenico S

1. Mobile POS Terminals market is anticipated to reach over USD 81.3 billion by 2026 Worldwide Mobile POS Terminals market is anticipated to reach over USD 81.3 billion by 2026. In 2017, the hardware component dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period. Get FREE Sample @ https://www.alexareports.com/report-sample/9955 The well-known companies profiled in the report include VeriFone Systems, Oracle Corporation, Ingenico S.A., Pax technology Limited, Squirrel Systems, Toshiba Corporation, Posiflex Tachnology, Panasonic Corporation, NEC Corporation, and Hewlett-Packard Company. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. The rising number of cashless transactions and growing need for digital payments primarily drive the growth of this market. Mobile POS solutions enable users to conduct financial transactions at remote locations with increased convenience and ease. Growing proliferation of mobile devices, increasing internet penetration, and technological advancement boosts the adoption of mobile POS terminals. Mobile POS terminals are also capable of accepting payments through EMV chip-enabled cards, contact-less cards, and NFC enabled cards. Inquiry here @https://www.alexareports.com/send-an-enquiry/9955 North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The growing adoption of advanced NFC and EMV-enabled devices with the aim to minimize frauds and security breaches related to payments are driving growth in this region. Increasing penetration of mobile devices, affordable mobile POS terminals, and growing acceptance by small and medium-sized businesses further supports market growth in this region. The use of POS terminals in varied industries such as healthcare, retail, and hospitality among others accelerates its adoption. Mobile POS terminals are used by business to enable faster and easier checkouts. These terminals provide quicker checkouts during high volume transactions, thereby increasing customer experience. Mobile POS terminals are integrated with mobile devices such as smart phones and tablets, which offer benefits such as reduced serving time, higher workforce efficiency, while improve customer experience. These terminals are connected to inventory management systems, to further improve efficiency. Mobile POS terminals allow

2. users to send digital receipts to consumers for better organization, and ease of use. Small businesses are increasingly adopting mobile POS terminals for increased profitability. Mobile POS terminals offer enhanced security as transactions are encrypted and not stored on devices. The declining prices of mobile devices, increasing demand for portable & wearable devices, rising NFC-based transactions, and technological advancements further supplement the growth of mobile POS terminals. The rising adoption of cloud-based and Android POS devices also boosts market growth. Integration of mobile wallet payments with mobile POS terminals to offer additional payment options to users is expected to create numerous growth opportunities in the coming years. Get Discount @ https://www.alexareports.com/check-discount/9955 On the basis of components, the global mobile POS terminals market is segmented into hardware components, and software components. The hardware components include mobile devices, bar code scanner, and magnetic strip reader. The hardware is used across various industries with software varying according to industry specific requirements. The software segment is expected to grow significantly in the coming years owing to additional features offered such as customer loyalty programs, employee management, and business process monitoring. Growing adoption of cloud-based mobile POS solutions would also supplement market growth. The various end-users of mobile POS terminals include retail, restaurants, healthcare, hospitality, and others. The retail sector is expected to dominate the market throughout the forecast period owing to high demand from large supermarkets and hypermarkets, grocery and departmental stores, and specialty retail stores among others. The retail sector is turning to mobile POS solutions to cater to the high volume of fast checkouts. Use of POS terminals in the retail sector ensures faster service, provides data related to past transactions, offers customer loyalty solutions, and reduces human errors. About Us: Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Contact Us: Alexa Reports Ph no: +1-408-844-4624 / +91- 7030626939 Email: sales@alexareports.com Site: https://www.alexareports.com