The North America Mobile POS Terminals Market should witness market growth of 9.1% CAGR during the forecast period (2022-2028).
An mPOS system, compared to the traditional point-of-sale (POS), is lightweight and convenient for both the merchant and the user while also being portable. Mobile POS works best when regularly updated with security guidelines, making them more secure than traditional POS options. Also, a smartphone can be a great alternative mobile POS solution to replace the traditional POS terminal. Utilizing phones as an mPOS is as secure and fast for processing customer transactions as any other mobile device.
It also aids in decreasing the costs related to expensive POS terminals and hardware while adopting mobile payments for the user’s business. Before buying an mPOS system, there are a few factors which are needed to be looked into. For instance, features, as many of the mPOS only offer a limited set of POS features, it is advisable to double-check the significant functionality available with the system. As the absence of some features may cause failed or delayed transactions.
There were over 27 million e-commerce users in Canada, which accounted for 75% of the Canadian population. This number is anticipated to grow to 77.6% in 2025. The increase in online shoppers will aid the retail e-commerce sales in Canada to see a constant rise. According to Statistics Canada, e-commerce retail trade sales were around $3.82 billion in December 2020. Retailers in digital platforms make significant investments to reach consumers across the nation and counter the competition to other multinational websites. Due to these aspects, the regional Mobile POS Terminals Market is expanding.
The US market dominated the North America Mobile POS Terminals Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13,450.4 million by 2028. The Canada market is poised to grow at a CAGR of 11.6% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 10.6% during (2022-2028).
Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Handheld Terminals, Smartphone & Others and Tablets. Based on Application, the market is segmented into Retail, Healthcare, Hospitality, Entertainment, Restaurant, Warehouse and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc., Oracle Corporation, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., Hewlett Packard Enterprise Company (HP Development Company L.P.), NEC Corporation, VeriFone Holdings, Inc. (Francisco Partners), Zebra Technologies Corporation, and PAX Global Technology Limited.
An mPOS system, compared to the traditional point-of-sale (POS), is lightweight and convenient for both the merchant and the user while also being portable. Mobile POS works best when regularly updated with security guidelines, making them more secure than traditional POS options. Also, a smartphone can be a great alternative mobile POS solution to replace the traditional POS terminal. Utilizing phones as an mPOS is as secure and fast for processing customer transactions as any other mobile device.
It also aids in decreasing the costs related to expensive POS terminals and hardware while adopting mobile payments for the user’s business. Before buying an mPOS system, there are a few factors which are needed to be looked into. For instance, features, as many of the mPOS only offer a limited set of POS features, it is advisable to double-check the significant functionality available with the system. As the absence of some features may cause failed or delayed transactions.
There were over 27 million e-commerce users in Canada, which accounted for 75% of the Canadian population. This number is anticipated to grow to 77.6% in 2025. The increase in online shoppers will aid the retail e-commerce sales in Canada to see a constant rise. According to Statistics Canada, e-commerce retail trade sales were around $3.82 billion in December 2020. Retailers in digital platforms make significant investments to reach consumers across the nation and counter the competition to other multinational websites. Due to these aspects, the regional Mobile POS Terminals Market is expanding.
The US market dominated the North America Mobile POS Terminals Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13,450.4 million by 2028. The Canada market is poised to grow at a CAGR of 11.6% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 10.6% during (2022-2028).
Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Handheld Terminals, Smartphone & Others and Tablets. Based on Application, the market is segmented into Retail, Healthcare, Hospitality, Entertainment, Restaurant, Warehouse and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc., Oracle Corporation, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., Hewlett Packard Enterprise Company (HP Development Company L.P.), NEC Corporation, VeriFone Holdings, Inc. (Francisco Partners), Zebra Technologies Corporation, and PAX Global Technology Limited.
Scope of the Study
By Component
- Hardware
- Software
By Type
- Handheld Terminals, Smartphone & Others
- Tablets
By Application
- Retail
- Healthcare
- Hospitality
- Entertainment
- Restaurant
- Warehouse
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Fiserv, Inc.
- Oracle Corporation
- Panasonic Holdings Corporation
- Samsung Electronics Co., Ltd.
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- NEC Corporation
- VeriFone Holdings, Inc. (Francisco Partners)
- Zebra Technologies Corporation
- PAX Global Technology Limited
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Mobile POS Terminals Market, by Component
1.4.2 North America Mobile POS Terminals Market, by Type
1.4.3 North America Mobile POS Terminals Market, by Application
1.4.4 North America Mobile POS Terminals Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Mobile POS Terminals Market
Chapter 4. North America Mobile POS Terminals Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
Chapter 5. North America Mobile POS Terminals Market by Type
5.1 North America Handheld Terminals, Smartphone & Others Market by Country
5.2 North America Tablets Market by Country
Chapter 6. North America Mobile POS Terminals Market by Application
6.1 North America Retail Market by Country
6.2 North America Healthcare Market by Country
6.3 North America Hospitality Market by Country
6.4 North America Entertainment Market by Country
6.5 North America Restaurant Market by Country
6.6 North America Warehouse Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Mobile POS Terminals Market by Country
7.1 US Mobile POS Terminals Market
7.1.1 US Mobile POS Terminals Market by Component
7.1.2 US Mobile POS Terminals Market by Type
7.1.3 US Mobile POS Terminals Market by Application
7.2 Canada Mobile POS Terminals Market
7.2.1 Canada Mobile POS Terminals Market by Component
7.2.2 Canada Mobile POS Terminals Market by Type
7.2.3 Canada Mobile POS Terminals Market by Application
7.3 Mexico Mobile POS Terminals Market
7.3.1 Mexico Mobile POS Terminals Market by Component
7.3.2 Mexico Mobile POS Terminals Market by Type
7.3.3 Mexico Mobile POS Terminals Market by Application
7.4 Rest of North America Mobile POS Terminals Market
7.4.1 Rest of North America Mobile POS Terminals Market by Component
7.4.2 Rest of North America Mobile POS Terminals Market by Type
7.4.3 Rest of North America Mobile POS Terminals Market by Application
Chapter 8. Company Profiles
8.1 Toshiba Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research and Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Fiserv, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Acquisition and Mergers:
8.2.5 SWOT Analysis
8.3 Oracle Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Panasonic Holdings Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 Samsung Electronics Co., Ltd. (Samsung Group)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Hewlett Packard Enterprise Company (HP Development Company L.P.)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 NEC Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 VeriFone Holdings, Inc. (Francisco Partners)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 Zebra Technologies Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.10. PAX Global Technology Limited
8.10.1 Company Overview
Companies Mentioned
- Fiserv, Inc.
- Oracle Corporation
- Panasonic Holdings Corporation
- Samsung Electronics Co., Ltd.
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- NEC Corporation
- VeriFone Holdings, Inc. (Francisco Partners)
- Zebra Technologies Corporation
- PAX Global Technology Limited
Methodology
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