Report Code: A08596 | Pages: NA | Jul 2023 | 2292 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Mobile Point-of-sale Systems Market
Request Now !A mobile point of scale is a smartphone dedicated wireless device, which performs functions of a cash register or electronic point of scale terminal wirelessly. Mobile point of scale can be attached in touch screen tablets, smartphone audio jacks, or charging ports.
Mobile points of scale system are dedicated to incorporated mobile equipment that works as electronic POS terminals. In addition, mobile point-of-sale systems are also used to utilize administers receive and send invoices, signature authentication, and dispatch digitizes notes.
COVID-19 scenario Analysis:
Various factors such as growth in awareness toward digitalized transaction, less time consumption, extra layer of security, rise in number of online payments, low installation cost, increase in ease of accessibility of device, cost-effectiveness, and compact and scalable solution for end users are some of the key drivers of this mobile point of scale system market. However, security of mobile payment data, cross-platform payment solutions with replacement of EMV migration are some of the challenges, which may hinder growth of the market. Emerging technologies, adoption of cloud, and adoption of digital payments are some of the sectors, which are expected to offer multiple opportunities for the mobile point of scale system market.
Rise in the adoption of mobile technologies with presence of high-speed internet connectivity has certainly helped to increase usage of smartphones through which organizations and consumers are able to see numerous benefits offered by digitalization. In addition, mobile payment scale systems also supports multiple applications such as shopping assistance, inventory management, and improving retail productivity thus making ease for consumers, and hence growing adoption of digital payments.
Recently, governments have launched multiple schemes to promote digitalization for better financial inclusion. The lack of available cash has fueled the POS machines market demand as people are transitioning more and more on digital modes of payments for goods and services thus leading to increase in adoption of digitalization. However, presently there are fewer numbers of mobile point-of-scale machines in the supply to fulfill the mobile point of scale system market demand and this is why several players find this market attractive and thus expected to create huge opportunities for the market in the upcoming years.
Key benefits of the report:
Mobile Point-Of-Sale Systems Market Report Highlights
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Key Market Players | Verifone Systems Inc., Square Inc., PAX Technology Inc., PayPal Holdings Inc., Panasonic Corp., NCR Corp., Samsung Electronics Co. Ltd., Toshiba Tec Corp., First Data Corp., Ingenico Group S.A. |
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