Market Research

Impact of COVID-19 on MPOS Terminals Market by 2027 Key Opportunities and Future Demand

May 27, 2020 5:25 AM ET

iCrowd Newswire – May 27, 2020

What is MPOS Terminals?

Mobile POS terminals have developed from simple tools for payment processing to sophisticated analytics service providers with improved processing power and support for wireless communication. This terminals ‘ inflection came with the introduction of consumer-grade products such as business-use tablets. Ubiquitous wireless networking such as Bluetooth, mobile printer availability, printers, card readers, and peripheral devices; and multiple platform support have powered the mobile POS terminal market in various applications. With the growth of the global e-commerce & retail market, demand is growing for fast, reliable and safe payment processing systems, encouraging retailers to introduce mobile POS terminals as they provide better and quicker customer support and help drive sales efficiency.

The research dives deep into the global share, size, and trends, as well as growth rate of the MPOS Terminals market to project its progress during the forecast period, i.e., 2021–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the MPOS Terminals market. The research segments the market on the basis of product type, application, and region.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Electronics and Semiconductor, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall MPOS Terminals market globally. This report on ‘MPOS Terminals market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

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The Insight Partners delivers well-researched industry-wide information on the MPOS Terminals market. It studies the market’s essential aspects such as top participants, expansion strategies, business models, and other market features to gain improved market insights. Additionally, it focuses on the latest advancements in the sector and technological development, executive tools, and tactics that can enhance the performance of the sectors.

The report also includes the profiles of key MPOS Terminals companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

Here we have listed the top MPOS Terminals Market companies in the world

  1. Bixolon Co., Ltd.
    2. Citizen Systems Europe GmbH
    3. Dspread Technology, Inc.
    4. Fiserv Inc.
    5. Hewlett-Packard Development Company L.P.
    6. Intuit, Inc.
    7. Zettle AB
    8. Oracle Corporation
    9. PAX Technology Ltd.
    10. Posiflex Technology, Inc.

It is anticipated that sophisticated data analytics, rising credit card purchases and ever-changing customer demands will propel the mobile POS terminals industry. This development has enabled retailers to incorporate new customer service technologies and approaches. Mobile apps have the potential to build new opportunities for sales growth; as a result, vendors are constantly seeking to recognize the different marketing platforms available to exploit innovative technology. Owing to low deployment costs, the versatility of providing a tablet-based mobile POS has prompted SMBs to invest in that technology. The features driving mPOS terminals demand over conventional or fixed terminals are reduced customer time in queue, improved security, free floor space and paperless receipt services. Growing tablet app penetration, increasing SMB and micro-merchant base, the need for successful line-busting schemes to promote card adoption is expected to drive market growth over the coming years. Nonetheless, a lack of standardization and data security issues could hinder market growth for mobile POS terminals. Increased Near Field Contact (NFC) penetration in mobile devices is expected to augment demand.

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of MPOS Terminals industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.

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Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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