Global Mobile Point-of-Sale Terminals Market (mPOS) has been expected to grow at CAGR 23.2% during 2016-2022- Credence Research

Mobile Point-of-Sale (mPOS) Terminals (Restaurants, Hospitality, Healthcare, Retail, Transportation and Warehouse, Sports and Entertainment, and Other Verticals) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022

According to the research study titled “Mobile Point-of-Sale (mPOS) Terminals (Restaurants, Hospitality, Healthcare, Retail, Transportation and Warehouse, Sports and Entertainment, and Other Verticals) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the current penetration rate of mobile POS terminals is comparatively high in the retail segment, especially among micro, small and medium sized business retailers. Easy operational use and low upfront cost of these devices has necessitated retailers, especially micro and small merchants to look beyond the traditional stationary POS systems.
Browse the full Demand from Retail Sector to Spur Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022, report at : http://www.credenceresearch.com/report/mobile-point-of-salesmpos-terminals-market

Thus, the use of a tablet or a smartphone allows retailers to support the Point of Sale capability at relatively less capital expenditure and realize 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 offer discounts, coupons and other perks to these customers, thereby enhancing their shopping/buying experience.
Although mobile POS terminal vendors have eventually realized the need for achieving scale and targeting beyond their core base of micro merchants, the adoption of mobile POS terminals among larger retailers has been low. However, with the established retail chains such as Apple, Home Depot, Gucci, Nordstrom, and Urban Outfitters increasingly deploying mobile POS terminals, the future prospect looks favorable.

The advanced mobile POS terminals are also sometimes coupled with Bluetooth-enabled printers to ensure queue busting for faster checkout during heavy rush at retail stores. In retail stores, mobile POS terminals enable sales associate to answer queries, provide information, and check out a customer anywhere and quickly. Thus, by integrating mobile POS terminals into their business processes, retailers are able to accelerate the transaction time at the counter by ensuring five times faster contactless credit/debit card payments than those requiring a signature.
Comparatively smaller life (on an average 2 years as against 4 to 6 six years for traditional fixed POS systems) would mean that mobile POS solutions will be replaced more often than the traditional stationary POS systems. Thus, the opportunity for resellers and distributors lies in selling more software licenses as the number of mobile devices is expected to grow significantly in the coming years.
Request Sample: http://www.credenceresearch.com/sample-request/57717
Related Reports:
• http://www.credenceresearch.com/report/home-energy-management-systems-hems-market
• http://www.credenceresearch.com/report/commercial-refrigeration-equipment-market
• http://www.credenceresearch.com/report/electric-water-heater-market

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com


Contact Details

Company Name: Credence Research
Issued By: Robson Tolson
Phone: 18003618290
Address: 105 N 1st ST #429, SAN JOSE, CA 95103, United States
City: SANJOSE
State: CALIFORNIA
Zip: 95103
Country: United States
Website: Visit the website

Keywords : Mobile Point-of-Sale Terminals Market,

by Robson Tolson (few months ago!)

Latest Press Releases

Text My Main Number Announced Major Shift of US Businesses toward Landline Texting

Global Department Stores Retailing 2015-2020: Ken Research

Global M-Health Device Market : Latest Research

Global Zinc Selenide Market Professional Survey Report 2017 to its Products Forecast – RAIN G..

Diesel Fuel Injection Systems 2017 Development, Trends, Share, Growth, Research and Market An..

Global Soil Testing, Inspection, and Certification Market Size, Status – ALS Ltd, Assure Qual..

Silicon Carbide Ceramics 2017 Annual Growth Value, Market Trends, Developments & Opportunities

5.1% CAGR Anticipated for Demineralized Whey Powder Ingredient Market During 2017-2027

Acoustic Wall Panels Market Forecasts, Size, Share, Regional Outlook 2017 to 2022

Rehm goes India

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.