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Dublin, March 27, 2023 (GLOBE NEWSWIRE) — The “mPoS Terminals: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for mPoS Terminals estimated at US$24.9 Billion in the year 2022, is projected to reach a revised size of US$72.8 Billion by 2030, growing at a CAGR of 14.3% over the analysis period 2022-2030.
Hardware, one of the segments analyzed in the report, is projected to record 13.9% CAGR and reach US$55.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 15.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.4 Billion, While China is Forecast to Grow at 17.1% CAGR
The mPoS Terminals market in the U.S. is estimated at US$7.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$13.1 Billion by the year 2030 trailing a CAGR of 17.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 13.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.
Select Competitors (Total 61 Featured) –
- AURES Group
- BBPOS Limited
- Bitel Co. Ltd.
- Fiserv, Inc.
- HP Development Company, L.P.
- Ingenico
- NCR Corporation
- NEW POS TECHNOLOGY LIMITED
- Newland Payment Technology
- Oracle Corporation
- Panasonic Corporation
- PAX Technology Corporation
- Posiflex Technology, Inc.
- QVS Software Inc.
- Samsung Electronics Co. Ltd.
- SPECTRA Technologies Holdings Co. Ltd.
- SZZT Electronics Co.,Ltd.
- Toast Inc.
- Touch Dynamic
- VeriFone, Inc.
- Zebra Technologies Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 276 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $24.9 Billion |
| Forecasted Market Value (USD) by 2030 | $72.8 Billion |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- Living with COVID-19: The New Normal
- Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Impact of the COVID-19 Pandemic on mPOS Market
- What is a POS System?
- An Introduction to mPOS Terminals
- Global Market Outlook
- Retail Industry Leads the Global mPOS Terminals Market
- Developing Regions to Spearhead Future Gains
- Competition
- mPoS Terminals – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- mPOS Systems Offer Various Benefits, Set to Gain Momentum
- mPOS Aids in Boosting Business Performance and Customer Experience
- Growing Shift Towards Contactless Payments Drives Demand for mPOS Terminals
- Global Contactless Payments Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
- COVID-19 Crisis Facilitates Payment Space to Move Away from Cash Payments
- Transforming Payments Landscape & Rapid Pace of Digitization Presents Opportunity for mPOS Terminals Market
- Global Digital Transformation Spending (In US$ Billion) for 2017-2023
- Top Countries in Digital Transactions Worldwide: Volume of Real-time Payment Transactions for 2021
- Key Benefits of Adopting Digital Transformation
- mPOS Solutions: A Promising Alternative Payment Method
- Expanding Internet Connectivity Facilitates Market Gains
- Percentage Adoption Rate (%) of Internet Users by Region (As of June 2022)
- Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
- Ubiquity of Mobile Devices and Rising Use of Smartphones for Payments: Potential for mPOS Terminal Market
- Adoption Rate of Smartphones as a % of Total Population: 2016-2021
- Global Shipments of Smartphones (in Million Units) for 2020 through 2025
- mPOS Value-Added Services (VAS) to Drive Future Gains in mPOS Terminals Market
- Global Mobile Value Added Services (MVAS) in US$ Million by Region/Country for the Years 2020 and 2027
- Growing Demand for Mobile Financial Transactions from Varied Industries to Accelerate Growth
- Increasing Utilization of Mobile Wallets and Rise in NFC Transactions Fuel Market Prospects
- Common Reasons for Use of Digital Wallets: % Share of Users by Reason Cited
- Digital Wallet Usage among Adults in Select Countries: % of Respondents Using Digital Wallets Every day for 2022E
- Rising Threat of Financial Fraud & Strict Regulations for Payment Processing Propel Demand for EMV-Compliant Payment Solutions
- Financial Losses in the US Due to Internet Crime by Type of Internet-Enabled Crime (2021)
- Cumulative Global Online Fraud (In US$ Billion) by Region during 2020 to 2024
- Retail Emerges as the Leading Application Market for mPOS Terminals
- Application of Digital Solutions Used to Improve In-Store Retail Experience
- Technological Innovations to Drive Future of mPOS
- Market Benefits from Growing Opportunities in the Restaurant Industry
- Growing Use of Mobile POS Solutions for Tableside Ordering and Payments
- Innovations in Restaurant Technology Spur Development of Next-Generation Restaurant POS Systems
- How the Food Service, Hotels & Hospitality Industries Are Impacted by the Pandemic & What’s the New Normal?
- Hospitality Sector Turns to mPOS Terminals Improve Customer Experience
- Travel & Hospitality Industry Confronts Challenges Due to COVID-19 Pandemic
- Cloud-based mPOS Terminals Poised for High Growth in the Future
- mPOS Terminals Offer Numerous Benefits to SMEs
- Security of mPOS Terminals: A Highly Critical Requirement
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8zajjc
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