Top Companies in Smart Mobile POS Market | Vantage Market Research Exclusive Study of Industry Leading Players
The ongoing transition of payment methods from cash to electronic payments has led businesses and individuals around the world to adopt advanced payment methods such as Mobile Point of Sale (mPOS).
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Upcoming Trends in Smart Mobile POS Market
The Global Smart Mobile POS Market is valued at USD 3.5 Billion in the year 2021 and is projected to reach a value of USD 14.9 Billion by the year 2028. The Global Market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 27.4% over the forecast period. Mobile Point-of-Sale (m-POS) has introduced a new dynamic into the mobile proximity payments market. Between 2010 and 2011, approximately 1.2 million m-POS solutions were shipped to MasterCard merchants globally; and 75% of those merchants had not previously been able to accept card payments.
This early m-POS growth was driven by adoption among micro-merchants and while still an important segment, there are further opportunities for m-POS with larger merchants as well. m-POS allows larger merchants to create efficiencies and enhance the in-store shopping experience for consumers, as well as to equip their field sales force with an integrated payment capability. Another benefit to all merchants, big or small, is the ability of m-POS solutions to gather customer data.
Some of the key players operating in the Smart Mobile POS Market are listed below:
|
Company Name |
Revenue in USD |
|
$3 Billion |
|
$1 Billion |
|
<$5 Million |
|
$342 Million |
|
$6 Billion |
|
$4 Billion |
|
$590 Million |
|
$34 Million |
|
$5 Million |
|
$49 Billion |
Ingenico is a France-based company, whose business is to provide the technology involved in secure electronic transactions. Its traditional business is based on the manufacture of point-of-sale payment terminals, but it also includes complete payment software and related services, also software for merchants.
Verifone is an American multinational corporation headquartered in Coral Springs, Florida, that provides technology for electronic payment transactions and value-added services at the point of sale. The company has approximately 5,000 employees currently working.
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provided nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and Online outlets for nearly a third of all U.S. debit cards. In 2017, the company generated revenue of USD 1.2 billion.
PAX Technology is a Chinese manufacturer of payment terminals, PIN pads, and point of sale hardware and software. The company is headquartered in Shenzhen, listed on the Hong Kong Stock Exchange, and operates globally
NCR Corporation, previously known as National Cash Register, is an American software, consulting, and technology company providing several professional services and electronic products. The company is listed as NCR (NYSE) on the stock market. In 2019, the company generated revenue of USD 0.62 billion and has 36,000 employees currently working.
Diebold Nixdorf is an American multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems, point-of-sale, and others. The company is listed as DBD (NYSE) and generated USD 0.48 billion in revenue in 2017.
Cegid is a leading provider of cloud business management solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs, retail and entrepreneurial sectors. With a solid full cloud business model, Cegid provides a long-term commitment to its customers, and superior and distinctive experiences and helps companies of all sizes accelerate their digital business transformation, locally and worldwide. Cegid combines a forward-looking and pragmatic approach to the business with a strong capacity to innovate, in-depth expertise in new technologies, and a unique understanding of regulations and compliance. In today’s rapidly changing world, Cegid makes more possible by helping customers unleash their potential thanks to innovative and purposeful business solutions. Bolstered by its strong international ambition and reach, Cegid has 3,600 employees and sells its solutions in 130 countries. Cegid reported annual revenues of €632 million (December 31, 2021). Pascal Houillon has been the CEO since March 2017.
Squirrel Systems is a Burnaby-based point of sale vendor specializing in hospitality management systems. Squirrel is based in Burnaby, Canada. The company was founded in 1984.
Fujian Newland Payment Technology Co., Ltd. ("Newland NPT") is a member company of Newland Technology Group, and a wholly-owned subsidiary of Newland Digital Technology Co., Ltd. (SZE-000997). Newland NPT is the 2nd largest POS supplier worldwide according to The Nilson Report 2018. Founded in 1994 in Fuzhou, China, Newland NPT has been offering a complete, flexible, and an adaptable suite of POS products, solutions, and services whilst maintaining security and future-proofing its offerings to its valued customers and partners around the world.
Xiaomi Corporation, registered in Asia as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second-largest manufacturer of smartphones in the world, most of which run the MIUI operating system.
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