mPoS Terminals Market by End-user and Geography - Forecast and Analysis 2022-2026

According to Technavio's analyst, the MPoS terminals market size is expected to be valued at USD 7.52 billion by 2026 with a progressing CAGR of 20.07%.

This MPoS terminals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers MPoS terminals market segmentation by:

• End-user - Retail and Hospitality
• Geography - APAC, North America, Europe, South America, and Middle East and Africa

The MPoS terminals market report also offers information on several market vendors, including AURES Technologies SA, Castles Technology Co. Ltd., Fiserv Inc., Francisco Partners Management L.P., Hewlett Packard Enterprise Co., NCR Corp., New POS Technology Ltd., Newland Digital Technology Co. Ltd., Oracle Corp., Panasonic Corp., PAX Global Technology Ltd., PayPal Holdings Inc., Posiflex Technology Inc., QVS Software Inc., Revel Systems Inc., Samsung Electronics Co. Ltd., SPECTRA Technologies Holdings Co. Ltd., SZZT Electronics Shenzhen Co. Ltd., Worldline SA, and Zebra Technologies Corp. among others.

What will the MPoS Terminals Market Size be During the Forecast Period?

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MPoS Terminals Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The ease of implementation is notably driving the MPoS terminals market growth, although factors such as the no fixed merchant bases may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the MPoS terminals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key MPoS Terminals Market Driver

• One of the key factors driving growth in the MPoS terminals market is the ease of implementation.
• The MPoS terminal is easy to operate, provided the vendor adheres to the operating requirements of the terminal.
• The traditional PoS attracts long customer queues and calls for fixed checkout rates.
• MPoS permits extra flexibility in the store or restaurant layout by enabling the merchant to accept the payment from any location.
• MPoS terminals merchants give the card reader, related programming software, and payment processing services in a turnkey design. There is no need for any wired infrastructure, keeping expenses and obstructions significantly low.
• Economies feature numerous small shops ready to acknowledge card payments to develop their organizations. MPoS terminals are fueling the financial quickening transactions in the developing markets.

Key MPoS Terminals Market Trend

• The adoption in contactless transactions is a MPoS terminals market trend that is expected to have a positive impact in the coming years.
• Contactless payment guarantees customers a quick, helpful, and secure approach to make payments, permitting sellers to enhance the in-store payment experience by diminishing the counter lines and offering a large group of loyalty opportunities.
• The rising use of contactless installment has assisted contactless payment frameworks with gaining market footing.
• Transactions are done using a Near-field communication (NFC) chip innovation display in transmitters (of cards, cell phones, and smartwatches) and readers. 

Key MPoS Terminals Market Challenge

• The no-fixed merchant bases will be a major challenge for the MPoS terminals market during the forecast period.
• Vendors of the global MPoS terminals market depend on customers/merchants who have very low switching costs and, in general, maintain very few long-term relationships with their existing vendors.
• It is not necessary that customers opt for vendors they purchased from for the maintenance of MPoS terminals. They can always shift to a vendor offering a more competitive price. This will also increase the competition dynamics in the market, resulting in either price wars or consolidation. 
• Vendors operating in the market are expected to develop terminals that make payments and secure transactions. Thus, certain certifications should be achieved to meet global standards (defined by the payment council industry).
• Several vendors are unable to achieve certifications as it increases the cost of developing MPoS terminals, hindering the customer base.  This hinders the growth of companies that are in the queue to expand but lack such certifications and standards.

This MPoS terminals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global mPoS terminals market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the MPoS terminals market during the forecast period.

Who are the Major MPoS Terminals Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AURES Technologies SA
• Castles Technology Co. Ltd.
• Fiserv Inc.
• Francisco Partners Management L.P.
• Hewlett Packard Enterprise Co.
• NCR Corp.
• New POS Technology Ltd.
• Newland Digital Technology Co. Ltd.
• Oracle Corp.
• Panasonic Corp.
• PAX Global Technology Ltd.
• PayPal Holdings Inc.
• Posiflex Technology Inc.
• QVS Software Inc.
• Revel Systems Inc.
• Samsung Electronics Co. Ltd.
• SPECTRA Technologies Holdings Co. Ltd.
• SZZT Electronics Shenzhen Co. Ltd.
• Worldline SA
• Zebra Technologies Corp.

This statistical study of the MPoS terminals market encompasses successful business strategies deployed by the key vendors. The MPoS terminals market is fragmented and the vendors are deploying growth strategies such as focusing on growing economies like India, China, Brazil, and Southeast Asia to compete in the market.

Product Insights and News

• franciscopartners.com - The company offers mPOS terminal products such as carbon mobile 5, e280s and e280.

• franciscopartners.com - Under the unified segment, the company offers transformational capital to technology companies facing strategic or operational inflection points.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The MPoS terminals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

MPoS Terminals Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the MPoS terminals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for MPoS Terminals Market?

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47% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for MPoS terminals in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased usage of cloud computing services among retail outlets such as supermarkets, hypermarkets, and SMEs has led to cloud-based mPoS terminals acquiring significant traction across the region. This will facilitate the MPoS terminals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic resulted in millions of people being confined to their homes owing to the implementation of lockdown restrictions in APAC. This compelled people to opt for online shopping across the region. Online shopping uses digital transaction systems, which are a substitute for mPoS terminals. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of lockdowns in the region. This has resulted in the resumption of several commercial and recreational activities, which has positively impacted the hospitality sector in the region.

What are the Revenue-generating End-user Segments in the MPoS Terminals Market?

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The MPoS terminals market share growth by the retail segment will be significant during the forecast period. The retail sector includes supermarkets, hypermarkets, specialty stores, mass merchandise stores, gas stations, and drug stores. The sector has undergone a significant transformation in the past ten years because of factors such as increasing competition, growing global economies, and foreign investments. This has resulted in the increased adoption of secure payment technologies, such as EMV standards, for PoS terminals. Customers are demanding faster and easier checkout systems, which is pushing end-users to adopt contactless PoS terminals. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the MPoS terminals market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this MPoS Terminals Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive MPoS terminals market growth during the next five years
• Precise estimation of the MPoS terminals market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the MPoS terminals industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of MPoS terminals market vendors

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