mPOS Revolution: Redefining the Future of Payments | UnivDatos Market Insights


 The global mPOS Market is on a rapid growth trajectory, with a projected CAGR of approximately 34% from 2021 to 2027. This remarkable surge is driven by innovations in payment methods, a shift from cash to electronic payments in the retail sector, and the versatility of mPOS systems, enabling them to wirelessly connect with smartphones or tablets for mobile card transactions. As investments in mPOS systems increase, their impact on the market becomes even more pronounced.

Access Sample PDF Here- https://univdatos.com/get-a-free-sample-form-php/?product_id=24965

The Power of mPOS

mPOS, or mobile Point of Sale, has emerged as a game-changer for businesses. It encompasses smartphones, tablets, or dedicated wireless devices that can efficiently perform the functions of traditional cash registers or Point of Sale (POS) terminals. This technology is particularly valuable for businesses that operate on the go, outside the confines of a fixed physical location. Notably, mPOS systems provide a cost advantage over traditional POS systems, with some being available for free, while others can cost as little as $200 per month. In contrast, traditional POS systems can range from $3,000 to $10,000, depending on factors like hardware, software, and customization.

Pioneering Players

Leading the charge in transforming the mPOS landscape are influential companies such as Bixolon Co. Ltd., Citizen Systems Europe GmbH, Dspread Technology (Beijing) Inc., Hewlett Packard Enterprise Development LP, INGENICO Group S.A., Intuit Inc., PayPal Inc., Oracle Corporation, Pax Technology Ltd., and Posiflex Technology Inc. These industry players have actively engaged in mergers and partnerships to provide customers with cutting-edge, innovative products and technologies.

Deconstructing mPOS: Components, Technology, and Growth Regions

Components

Software Superiority: The software segment commanded a significant share of the global mPOS market in 2020 and is set for substantial growth in the forecast period. This growth is attributed to the widespread adoption of software-based mPOS solutions worldwide, driven by their accessibility and cost-effectiveness. MPOS software and applications offer merchants a straightforward, budget-friendly contactless payment acceptance solution, utilizing the smartphones or tablets they already possess.

Technology

EMV Chip and PIN Domination: The EMV chip and pin technology held a prominent share of the global mPOS market and is expected to witness substantial growth during the forecast period. This technology significantly reduces the risk of fraud, enhancing the security of both online and offline transactions, and making it a preferred choice among consumers.

Growth Regions

North America's Pioneering Role: North America was at the forefront of the global mPOS market in 2020 and is poised for significant growth in the forecast period. Key market players, including Hewlett Packard Enterprise Development LP, Oracle Corporation, Intuit Inc., and PayPal Inc., are investing heavily in advanced mobile point of sale systems. The region's flourishing retail, restaurant, hospitality, and entertainment industries contribute further to the rapid growth of the mPOS market.

     Contact Us:
     UnivDatos Market Insights
     Email - contact@univdatos.com
     Website - www.univdatos.com


Location: Europe

Comments

Post a Comment

Popular posts from this blog

Trek Bicycle Corporation: Pioneering Sustainable Innovation in the Cycling Industry

Image
  Through innovation, responsibility, green practices in the manufacture, and consistent commitment to community relations, Trek Bicycle Corporation has continued to lead the bicycle industry. Trek is, thus setting new benchmarks for responsible manufacture and viable corporate responsibility, integrating innovative green practices with innovative designing. According to the UnivDatos Market Insights analysis, as per their “ Bicycle Accessories Market ” report, the global market was valued at USD 14,037.22 million in 2023, growing at a CAGR of about 7.49% during the forecast period from 2024-2032 to reach USD million by 2032. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=68923 EMBRACING SUSTAINABILITY AND TECHNOLOGICAL ADVANCEMENTS Trek's latest sustainability report was out in September 2023. The report depicts notable advances made by the company in reduced greenhouse gas emissions while emanating ambitious future ta...
Read more

Trends Shaping the Future of the Floating Liquefied Natural Gas (FLNG) Market

Image
  FLNG technology can be considered a very critical technology and solution as the world is striving to meet its increasing demands for natural gas, especially in the offshore and remote areas. The FLNG technology, including the LNG FPSO (Floating Production Storage and Offloading) and FSRU (Floating Storage Regasification Unit) technology, gives direct extraction, liquefaction, storage, and transportation of the natural gas from offshore fields to the target market, thus making any enormous and expensive investments in onshore infrastructure completely redundant. According to the UnivDatos, growing demand for cleaner fuel alternatives will drive the growth scenario of Floating Liquefied Natural Gas (FLNG) and as per their “ Floating Liquefied Natural Gas (FLNG) Market ” report, the global market was valued at USD 21,355 million in 2023, growing at a CAGR of 11.44% during the forecast period from 2024 - 2032 to reach USD million by 2032. For More Detailed Analysis in PDF Format, ...
Read more

Automotive Traction Control Systems Market Size, Share, Trends and Research Report 2030

Image
  According to a new report by UnivDatos Market Insights, Global Automotive Traction Control Systems Market is expected to reach USD 13,177.39 Million in 2030 by growing at a CAGR of 9.24%. Traction control systems have become an integral safety feature in modern automobiles, helping drivers maintain control in slippery conditions by preventing wheel spin. As technology continues to advance, traction control is becoming even more sophisticated and effective. For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/reports/automotive-traction-control-systems-market?popup=report-enquiry The Rise of TFT Screens in Two-Wheelers In recent years, the automotive industry has seen a significant shift towards the adoption of traction control systems (TCS) in vehicles. These systems aim to improve driving stability and safety by controlling power delivery to the wheels and reducing wheelspin. As a result, TCS has become a standard feature in many modern cars, trucks, and SUVs...
Read more