London, UK (PRWEB) September 17, 2013
Presently, mobile point of sale technology (MPOS) is spreading rapidly worldwide, penetrating into emerging and developed markets with a number of established players and startup organizations involved in the payment industry, who have decided to venture into MPOS. The US, Canada, Japan, Germany, Australia and the UK are the leading MPOS technology markets. Favourable demographics and positive macroeconomic factors turn the emerging economies such as China, Russia, India and Brazil into the promising areas of future investment in MPOS technology.
During 2011-2012, the volume of MPOS terminals in operation registered substantial growth, increasing annually by over 110%. The MPOS industry is likely to expand further, at a CAGR of about 43% in the next four years, propelled by a combination of factors, including cost reduction, higher sales, high levels of technology adoption in the emerging markets, increasing ability to tap seasonal demand, flexibility of payment on the go, and competitive differentiation, among others.
Insightful research report “2020 Foresight Report: Mobile Point of Sale Technology” worked out by Timetric has been recently published by Market Publishers Ltd.
Title: 2020 Foresight Report: Mobile Point of Sale Technology
Published: April, 2013
Price: US$ 3,800.00
The report provides an in-depth analysis of the MPOS technology market, disclosing essential qualitative and quantitative information on the industry performance and major development trends. The research study contains a global snapshot of MPOS technology and its adoption across various regions, uncovers data on the market size and evaluates the future growth prospects as well as examines the major factors driving and restraining the market growth. The report delves into the competitive landscape, reviews key market participants and presents details on their business strategies. The study identifies potential hotspots for investing in MPOS technology; offers best practices for MPOS solution providers and merchants to effectively adopt MPOS terminals; besides outlining key growth opportunities for the MPOS technology market.
More insightful market research reports by the publisher can be found at Timetric page.