DUBLIN, Mar. 30, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/97j4tg/global_mobile_pos) has announced the addition of the "Global Mobile POS Systems Market 2015-2019" report to their offering.
The Global Mobile POS Systems market to grow at a CAGR of 9.6% over the period 2014-2019
A mobile POS refers to an electronic payment system that transfers funds using credit and debit cards at POS terminals located at retail outlets. Mobile POS systems are equipped with features such as Wi-Fi, RFID, VoIP, and smart card capabilities. These systems are highly versatile and are used primarily as data devices. In addition, they are used for sending digitized notes, checking prices, writing reports, sending and receiving invoices, capturing signatures, and managing assets at retail stores.
One key trend upcoming in this market is the increase in the penetration of mobile computing devices. There are a large number of app providers in the market that could convert a smartphone or a tablet into a mobile POS system.
According to the report, one of the major drivers in this market is the increased need for mobility by merchants. Using mobile POS systems makes the process of billing and checking out easy for both customers and merchants. Moreover, in restaurants customers can pay their bills at the table. All of these factors will tend to increase the adoption of mobile POS systems in the market.
Further, the report states that one of the key challenges in the market is the lack of infrastructure. Lack of network infrastructure is a major issue because payments using mobile POS systems require high-speed network connectivity. To achieve high-speed network connectivity, there should be an established network infrastructure in place. The challenge of weak infrastructure is dominant in some of the key developing countries compared to the developed countries.
The report covers the entire range of mobile POS systems used in the following end-user segments:
- BFSI Sector
- Government Sector
- Hospitality Sector
- Retail Sector
- Transportation Sector
- Datalogic SpA
- Fujitsu Ltd.
- Ingenico Group
- Honeywell Scanning and Mobility
- Motorola Solutions Inc.
- Pax Technology Ltd.
- VeriFone Systems Inc.
Other Prominent Vendors
- ATOS Worldline
- First Data
- Spire Payments
- SZZR Electronics
- Wincor Nixdor
For more information visit http://www.researchandmarkets.com/research/97j4tg/global_mobile_pos
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SOURCE Research and Markets