Mobile Point-of-Sale Market Expected to Register Shipment of 245.21 Million Units in 2022

Mobile Point-of-Sale (mPOS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022


Albany, NY -- (SBWire) -- 10/29/2015 --According to a new market report published by Transparency Market Research entitled "Mobile Point-of-Sale (mPOS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022", mPOS market is expected to reach 245.21 mn units by 2022. The shipment is estimated to expand at a CAGR of 47.0% during the forecast period from 2015 to 2022. Advantages such as ease of use due to mobility and the lower total cost of ownership offered by mPOS are driving its uptake.

Browse the full Mobile Point-of-Sale (mPOS) Market report at

On the basis of solution type, card reader accessories, which includes dongles and sleeves, is expected to be the fastest-growing segment. The shipment of card reader accessories is projected to increase at a CAGR of 51.5% during the forecast period. The demand for card reader accessories is driven by their low cost and high demand from micro merchants and small- and medium-sized businesses (SMBs).

Among the various technology types, hybrid technology solutions, which use multiple technologies such as EMV chip and pin, NFC, and biometrics formed the largest segment of mPOS market in 2014, accounting for around 31% of overall shipment. In the coming years, a significant portion of demand for mPOS solutions would emerge from the replacement of older mPOS hardware, as there would be a liability shift toward institutions for the adoption of EMV chip and pin after October 2015. Hybrid technologies would serve as a bridge while moving from older technology such as magnetic-stripe to EMV or NFC during the coming years.

Get Sample Report at-

Retail was the largest segment of the mPOS market in 2014, accounting for around 36% of total shipments. mPOS is increasingly being used for payments, inventory management, the printing of bills, and providing loyalty programs in retail. mPOS allows sales and service industries to conduct financial transactions at customers' homes, improve the customer experience, and help them free up valuable space that would be otherwise allocated to a fixed POS system. mPOS is also a cost-effective solution that allows small business owners to perform transactions and setup a POS without having to invest in support software.

mPOS vendors are increasingly focusing on emerging economies such as China, India, Brazil and Mexico due to a significant growth in demand, driven by increased card adoption and smartphone penetration. Among the locales considered in the study (China, India, Brazil, Mexico, and Rest of the World), India is expected to experience fastest growth in terms of shipment, increasing at a CAGR of 55.8% during the forecast period. Ingenico S.A. (ROAM), VeriFone Systems, Inc., and PAX Technology Ltd. were identified to be the leading mPOS hardware vendors in 2014. Other prominent mPOS hardware vendors include Wincor-Nixdorf International, International Technologies and Systems Corporation, Charge Anywhere, AnywhereCommerce, MagTek, Inc., Infinite Peripherals, Miura Systems Ltd., goSwiff Ltd., and Ezetap.

Browse the full Press Release of Mobile Point-of-Sale (mPOS) Market report at

The global mPOS market is segmented as follows:

Mobile Point-of-Sale (mPOS) Market

By Solution Type
Integrated Card Reader Solutions
Card Reader Accessories

By Technology
Hybrid Technology Solutions
EMV Chip and Pin
Chip and Sign
Near Field Communication (NFC)

By Geography
Hospitality (Lodging)
Public Transport
Rental Cars and Intercity Buses
Consumer Utility Services

By Geography
Rest of the World (RoW)

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports thrive to provide clients to serve their overall research requirement.

Media Relations Contact

Atil chaudhari
Assistant Manager
Transparency Market Research

View this press release online at: