2020 Foresight Report: Mobile Point of Sale Technology

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Jul 11, 2013, 07:23 ET

NEW YORK, July 11, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

2020 Foresight Report: Mobile Point of Sale Technology

http://www.reportlinker.com/p01163714/2020-Foresight-Report-Mobile-Point-of-Sale-Technology.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Point_of_Sale_Systems,_POS

Synopsis

• The report provides market analysis, information and insights into mobile point of sale technology (MPOS)

• The report provides a global snapshot of MPOS technology and its adoption in various regions across the world

• Comprehensive analysis of the technology's market size and future growth prospects

• Analysis of various market drivers and key challenges

• Detailed analysis of the business strategies adopted by key players in the market to expand their customer base and operations

• Comprehensive analysis of best practices for merchants and MPOS solution providers for proper implementation of the technology

• Case studies showcasing the impact of MPOS adoption and detailed analysis of competitor landscape along with their business strategies

Summary

Initially mobile point of sale (MPOS) technology was targeted at small enterprises who could not afford a conventional point of sale (POS) solution, either because of financial restrictions or because of the mobile nature of their business operation. However, developments in the retail and service sectors suggest that the technology is not only making inroads into large stores but areas not previously outlined for its use. Demand is being driven by the number of benefits the technology offers, such as improved levels of customer service. MPOS solutions process card payments at anytime and in any location. The global MPOS industry registered significant growth in terms of the volume of terminals in operation during 2011?2012. Competitors such as Square, iZettle, mPowa, SumUp, VeriFone, Intuit and PayPal are aiding the growth of MPOS technology by making it accessible to smaller enterprises. Over the forecast period, the volume of terminals is expected to increase, driven by growth in the retail sector, increased online trade, a rise in smartphone usage and card penetration.

Scope

• This report provides a comprehensive analysis of mobile point of sale technology along with key drivers and challenges

• It provides current and future market size forecasts for MPOS adoption and its share of total POS systems globally

• Highlights regions with relatively high adoption levels and potential hotspots for investment in this technology

• Details key business strategies adopted by MPOS solution providers to expand their operations

• Illustrates implications of its adoption through the help of detailed case studies

• Provides best practices for MPOS solution providers and merchants for smooth adoption of MPOS terminals

• Gives insight into key players in the industry and their marketing strategies

Reasons To Buy

• Make business decisions using current market size data and forecasts related to MPOS adoption in various industries and different regions around the globe• Understand the key drivers of MPOS technology and the challenges and limitations faced by it• Assessment of the benefits that result from its adoption in various business sectors• Gain insight into key business strategies being adopted by competitors

Key Highlights

• Technology has revolutionized the way business is conducted and payment mechanisms have undergone a series of developments. Time is a critical factor for consumers and merchants, it is therefore essential that efficient payment solutions are developed. It is due to this that MPOS devices have been developed. • MPOS solutions have high adoption levels in more developed economies such as the UK, France and Germany with firms such as VeriFone, Square, Intuit, iZettle, PayPal and Motorola leading the charge. Countries in the Asia-Pacific region such as India, China, Malaysia, Singapore, and Hong Kong are now emerging as new destinations for investment in this technology.• Technological innovations have allowed turning smartphones and tablets, running on platforms such as Apple's iOS, Blackberry and Android to be used as MPOS systems. Many MPOS solution providers provide dongles capable of reading card information which can be attached to a smartphone through the headphone jack, a USB port or a proprietary connector. • The market size of MPOS technology is growing at a fast pace. The key growth drivers are expected to comprise MPOS-enabled smartphones, investment in MPOS technology in the emerging economies of Asian and Africa, the large-scale adoption of MPOS technology by small enterprises and the clearance of regulatory hurdles.• The retail sector is considered the main area of adoption for MPOS services due to the volume of transactions. Even though the sector's growth rate has been volatile due to the economic crises, the size of the sector has continued to expand.

Table of Contents

Table of Contents1 Executive Summary2 Mobile Point of Sale Terminals (MPOS) Market Dynamics2.1 Emergence of MPOS2.1.1 Adoption by country2.1.2 Mobile POS framework2.1.3 Product launches2.1.4 Trials and pilots2.2 The Technical Side of MPOS2.2.1 The hardware2.2.2 The software3 Global Market Size and Drivers3.1 Market Size and Outlook3.2 Drivers for Mobile POS3.2.1 Business drivers3.2.2 Consumer drivers3.3 Challenges3.3.1 Operational challenges3.3.2 Technical challenges3.3.3 Regulatory challenges4 MPOS Strategies4.1 Customer Targeting Strategy4.1.1 Targeting retail sector to tap into ever growing market4.1.2 Targeting restaurants and hotels to exploit on their specific needs4.1.3 Capitalizing on local transit services4.1.4 Targeting payment-on-delivery options4.1.5 Individual service providers4.1.6 Entertainment industry's need to provide better customer service4.2 Expansion Strategies4.2.1 Organic expansion4.2.2 M&As4.3 Pricing Strategy5 Implementing Mobile POS5.1 Best Practice Framework5.1.1 Security of sensitive information5.1.2 Establishing identity of the merchant and the cardholder5.1.3 Validation of the payments5.2 Case Examples5.2.1 The Home Depot Inc.5.2.2 Horny Goat Brewing Company5.2.3 Nordstrom Inc.5.2.4 Nebraska Book Company5.2.5 Gaylord Hotels6 Competitive Landscape and Industry Dynamics6.1 Industry Structure6.1.1 Facilitators and mobile solution providers6.1.2 Solution integrators6.1.3 Component vendors6.2 Motorola Solutions, Inc.6.2.1 Overview6.2.2 Products and Services6.2.3 Strategy6.3 VeriFone Systems, Inc.6.3.1 Overview6.3.2 Products and services6.3.3 Strategy6.4 Square, Inc.6.4.1 Products and Services6.4.2 Strategy6.5 Intuit, Inc.6.5.1 Overview6.5.2 Products and services6.5.3 Strategy6.6 iZettle6.6.1 Overview6.6.2 Products and Services6.6.3 Strategy6.7 SumUp Ltd.6.7.1 Overview6.7.2 Products and services6.7.3 Strategy7 Appendix7.1 Methodology7.1 Contact Us7.2 About Timetric7.3 DisclaimerList of TablesTable 1: Retail Trade (US$ Billion), 2008–2012Table 2: Online Trade (US$ Billion), 2007–2012List of FiguresFigure 1: MPOS HotspotsFigure 2: MPOS FrameworkFigure 3: MPOS Product LaunchesFigure 4: Available MPOS DevicesFigure 5: Global MPOS Terminals (Units in Millions), 2011?2017Figure 6: Global MPOS Terminal Penetration, 2011?2017Figure 7: MPOS DriversFigure 8: MPOS ChallengesFigure 9: MPOS Market SegmentationFigure 10: High Value Retail IndustryFigure 11: Value Of Online TradeFigure 12: Organic Expansion StrategiesFigure 13: M&A StrategiesFigure 14: Pricing StrategiesFigure 15: Payment Industry on MPOSFigure 16: Best Practices to Protect MPOS ApplicationFigure 17: Best Practices to Protect Transaction DataFigure 18: Best Practices to Protect PANFigure 19: Best Practices For Handling EMV Chip TransactionsFigure 20: Best Practices For Displaying Card Issuer's Acceptance MarkFigure 21: Best Practices To Ensure Legitimacy Of MerchantsFigure 22: Best Practices For Cardholder AuthenticationFigure 23: Best Practices For Providing Cardholder A Valid ReceiptFigure 24: The MC75 Device Used By Home DepotFigure 25: Home Depot Case StudyFigure 26: The WF35 Device Used By Horny Goats Brewing CompanyFigure 27: Horny Goats Brewing Company Case StudyFigure 28: Modified iPod Touch Used By Nordstrom Inc.Figure 29: Nordstrom Inc. Case StudyFigure 30: iAPS MPOS Solution Adopted by NBCFigure 31: NBC Case StudyFigure 32: MPOS Solution Adopted By Gaylord HotelsFigure 33: Gaylord Hotels Case StudyFigure 34: MPOS Industry StructureFigure 35: Key MPOS Devices From MotorolaFigure 36: Key MPOS Devices From MotorolaFigure 37: Motorola MPOS Service and Targeting StrategyFigure 38: Key MPOS Solution From VeriFoneFigure 39: VeriFone's Co-branding StrategyFigure 40: Motorola MPOS Service and Targeting StrategyFigure 41: Square RegisterFigure 42: Intuit' MPOS SolutionsFigure 43: Intuit's MPOS PricingFigure 44: iZettle's MPOS SolutionsFigure 45: iZettle's Strategic PartnershipsFigure 46: iZettle's European PresenceFigure 47: SumUp's Strategic PartnershipsFigure 48: SumUp's European Presence

Companies Mentioned

Nebraska Book Company

Gaylord Hotels

Motorola

VeriFone

Intuit

iZettle

Square

SumUp

The Home Depot

To order this report:: 2020 Foresight Report: Mobile Point of Sale Technology

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