Global MPoS Terminals Market Research Report 2017 tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Copper Strips market. This research report offers in-depth analysis of the market size (revenue), market share, major market segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.
Leading companies are Ingenico, PAMPOS TERMINALS Technology, SZZT Electronics, Verifone, NEC and Samsung.
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Key questions answered in this report are what will the market size be in 2021 and what will the growth rate be? What are the key market trends?, What is driving this market?, What are the challenges to market growth?, Who are the key vendors in this market space?, What are the market opportunities and threats faced by the key vendors?, What are the strengths and weaknesses of the key vendors?
This report provides in-depth analysis of the MPoS Terminals and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017 – 2021, considering 2016 as the base year. It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. This study also provides key insights about market drivers, restraints, opportunities, new product launches, approvals, regional outlook, and competitive strategies adopted by the leading players. It profiles leading players in the global MPoS Terminals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans Key companies covered as a part of this study include. Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, market expansion, and marketing tactics. The global MPoS Terminals market report caters to various stakeholders in this industry, including investors, device manufacturers, distributors and suppliers for MPoS Terminals equipment, government organizations, research and consulting firms, new entrants, and financial analysts. Various strategy matrices used in analyzing the MPoS Terminals market would provide stakeholders vital inputs to make strategic decisions accordingly.
Available complete report of this research with TOC and List of Figures at: https://www.marketinsightsreports.com/reports/06169422/global-mpos-terminals-market-2017-to-2021
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is adoption in contactless transactions. Contactless payment guarantees customers a quick, helpful, and secure approach to make payments, permitting sellers to enhance the in-store payment experience by diminishing the counter lines and offering a large group of loyalty opportunities. It also diminishes the use of cash essentially as found in various early adopting countries. The rising use of contactless installment has assisted contactless payment frameworks with gaining market footing. Transactions are done using NFC chip innovation display in transmitters (of cards, cell phones, and smartwatches) and readers. The card should be placed 5cm inside for a contactless reader to acknowledge payment. The card details can likewise be entered in cell phones with NFC innovation to make installments.”
According to the report, one of the major drivers for this market is ease of implementation. The mPoS terminal is easy to operate, provided the vendor adheres to the operating requirements of the terminal. It needs a handheld wireless device, which is preferably small and portable. The device used is mostly a smartphone that is combined with Bluetooth and swipe-and-chip-based payment devices along with a payment app, which must be mPoS enabled.
Further, the report states that one of the major factors hindering the growth of this market is slow adoption rate. With the changing economic scenario, the complexity of business operations has increased. Hence, merchants are forced to adopt new technologies to remain competitive in the market. However, companies are delaying their purchase of mPoS terminals waiting for an all-in-one technology that best suits their requirements and business model. Thus, there is a trade-off between the technology upgrade and the cost of implementation. In developing countries, the adoption is slower than that of the developed countries because of the low importance attached to overall sales data integration. This hinders the growth of the global mPoS terminals market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.