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Mobile Point of Sale systems or mPOS systems are the mobile device used as a replacement or connection to traditional epos systems, also referred to as online POS systems. This device can be an iPad POS system, a smartphone or a tablet, and is able to serve as a cash register, which is its basic function. MPOS systems can be used in combination with ePOS systems – extending the portability of the ePOS system with the use of tablets or smartphones. However, some businesses use mPOS solutions as exclusive cash registers, by having a mobile device and card reader that connect to an online platform in order to enable transactions.
Europe Mobile Point of Sale (mPOS) Market Segments Size & Growth:
Europe Mobile Point of Sale (mPOS) Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include increasing the requirement for wearable and portable devices coupled with their integration in the sales channel, increasing in the quantity of NFC (Near field communication) supported the transaction and increasing adoption of an android point of sale devices and cloud-based devices, mPOS gives its users to offer loyalty options to their prospective customers, and technical Advancements in payment technologies coupled with the shift towards Euro pay/MasterCard/Visa chip card reimbursement. However, High maintenance cost is thereby hampering the market growth.
The use of a tablet or a smartphone allows retailers to support the Point of Sale capability at relatively less capital expenditure and realise an improved return on investments. Furthermore, mobile POS devices also support loyalty programs that are targeted at customer retention. By identifying loyal customers (through their payment information), mobile POS terminals enable retailers to
Rising need for numerous industrial applications such as entertainment, restaurants, healthcare, hospitality, retail, and warehouse is predicted to propel mPOS market demand. Hospitality and retail sectors are likely to experience potential growth prospects owing to growing usage of these products for making payments.
Europe Mobile Point of Sale (mPOS) Market Segments Share:
Europe Mobile Point of Sale (mPOS) Market is categorized into solution type which comprises of integrated card reader solutions, and card reader accessories. Among them, card reader accessories segment holds the largest share in the market owing to the low cost of these accessories, which makes them affordable for small and medium-sized businesses (SMBs) and micro-merchants. On the basis of Technology, the market is segmented into hybrid technology solutions, EMV chip and pin, magnetic-stripe, chip and sign, near field communication (NFC), and biometrics. Among them, NFC, EMV chip and pin, and hybrid technology solutions are the most preferred technologies in this market at present. Over the coming years, these technologies will remain in high demand. On the basis of End User, the market is segmented into restaurants, hospitality, healthcare, retail, warehouse/distribution, entertainment, transportation, government, and consumer utility services.
On the basis of Geography, Europe is projected to dominate the market with the largest share of 34% during the forecast period due to significant proliferation of cloud computing has influenced the European, augmenting focus of mPOS solution vendors on merchant-related services and the increasing trend of the internet of things (IoT) in this region. Apart from this, the intensifying uptake of mPOS systems in European banks, in a bid to offer a lesser fee on transactions to customers, is also projected to aid the Europe market substantially over the next few years.
Among various regional market for
Europe Mobile Point of Sale (mPOS) Market Trends:
Europe Mobile Point of Sale (mPOS) Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
Along with these companies, there were many other companies considered/cited in the report while analysing the Europe Mobile Point of Sale (mPOS) Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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