The Mobile Point-of-Sale (mPOS) Terminals Market has witnessed significant growth in recent years, driven by Cloud-based POS systems have become increasingly popular in the e-commerce and retail sectors due to their ability to provide businesses with more flexibility, scalability, and cost-effectiveness compared to traditional POS systems. These systems offer several benefits, such as automatic software updates, enhanced security features, and remote access to real-time data. Additionally, businesses can customize these systems to meet their specific needs, such as adding new payment methods or integrating with other software applications. This level of customization allows businesses to streamline their operations and improve their overall efficiency. Our comprehensive research report titled Mobile Point-of-Sale (mPOS) Terminals market offers a thorough analysis of the current market landscape and sheds light on the market trends, competitive dynamics, and growth opportunities. Also, it identifies the top players in the market and assesses their offerings, strategies, market share, and performance to help stakeholders make informed decisions and stay ahead of the competition.
Market Overview:
According to the research report, the global mobile point-of-sale (mPOS) terminals market was valued at USD 39.13 billion in 2023 and is expected to reach USD 102.73 billion by 2032, to grow at a CAGR of 11.3% during the forecast period.
Research Methodology:
Our research methodology combines qualitative and quantitative methods to offer a thorough analysis of the market. These research techniques used include:
Focus Groups: Includes qualitative data and insights into customer attitudes and opinions.
Surveys: Offers insights into consumer behavior, opinion, and interests.
Interviews: The study covers in-depth conversations with individuals to collect information about attitudes, beliefs, and motivations.
Secondary Research: The report analyzes existing data from reports, publications, and other credible sources.
All the information in the Mobile Point-of-Sale (mPOS) Terminals market research report goes through a multi-step verification method to ensure its accuracy and reliability.
List of Market Key Players:
The market has the presence of both established players and new entrants. These players are focusing on innovation and strategic partnerships to expand their global reach and increase their Mobile Point-of-Sale (mPOS) Terminals market share. Some of the key players in the market are:
PAX Technology Limited
Oracle Corporation
Verifone Systems Inc
Hewlett-Packard Company
NEC Corporation
Ingenico Group
Toshiba Corporation
Panasonic Corporation
Posiflex Technology Inc.
Squirrel Systems.
Overview of Top Companies:
PAX Technology Limited
PAX Technology Limited, founded in 2000 and headquartered in Shenzhen, China, is a leading global provider of electronic payment solutions. The company specializes in the development and sale of electronic funds transfer point-of-sale (EFTPOS) terminals, including Android-based smart POS devices, unattended payment products, and related software solutions. PAX has delivered over 80 million terminals to more than 120 countries, serving thousands of payment system integrators, acquiring banks, and payment service providers, thereby reaching millions of merchants globally.
Oracle Corporation
Oracle Corporation, established in 1977 by Larry Ellison, Bob Miner, and Ed Oates, is a multinational computer technology company headquartered in Austin, Texas, USA. Initially known for its flagship product, the Oracle Database, the company has expanded its offerings to include a comprehensive suite of enterprise software products such as enterprise resource planning (ERP), human capital management (HCM), customer relationship management (CRM), and supply chain management (SCM) software.
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Competitive Landscape:
The competitive landscape of the market is shaped by strategic partnerships and collaborations among Mobile Point-of-Sale (mPOS) Terminals market key players. These strategic initiatives are aimed at expanding their product portfolios and expanding their global reach. Companies like PAX Technology Limited, Oracle Corporation, Verifone Systems Inc, Hewlett-Packard Company, NEC Corporation, Ingenico Group, Toshiba Corporation, Panasonic Corporation, Posiflex Technology Inc., Squirrel Systems. are leveraging their global reach to cater to diverse consumer needs across various regions. Other players, such as PAX Technology Limited, Oracle Corporation, Verifone Systems Inc, Hewlett-Packard Company, NEC Corporation, are focusing on the incorporation of advanced technologies to improve their offerings. As the market evolves, the competition is set to intensify in the upcoming years.
Conclusion:
The Mobile Point-of-Sale (mPOS) Terminals market growth is poised to continue in the upcoming years. Companies adapting to shifting consumer preferences and technological innovations will continue to thrive in the evolving market landscape.
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