Mobile POS Market Grows to $2 Billion, Operators Contemplate Speed of Adoption

| September 02, 2013

From the C-level on down, the buzz about mobile in retail has steadily increased ever since Apple began using mobile devices in their stores. The use of tablets (such as the iPad) is growing rapidly, with shipments increasing at a rate of 38% in 2013, according to Mobile POS: Hype to Reality, a study conducted in May 2013 from research firm IHL Group.

According to the research findings, the Mobile POS market will surpass $2 billion in hardware/software sales in North America in 2013, and 28% of North American retailers plan to adopt Mobile POS in some form by the end of 2013. An even greater number (33%), however, do not plan to adopt Mobile POS at all within the next 3 years. The adoption rate is very dependent on the type of retailer and volume of transactions.

Mobile POS: Hype to Reality looks at the current state of Mobile POS, the adoption rates of various retail verticals, and the shipment and installed based details by type of device (rugged handheld, non-rugged handheld, and consumer-level tablets). The study also provides forecasts for shipments and installed base of these devices, as well as an estimate of the impact that these devices will have on the use of traditional POS hardware. Finally, it includes operational best practices (for instance, avoiding the “Mama Duck Syndrome.”)
Other key findings of the research include the following:

  • Specialty retailers are deploying about 45% of all tablets shipped to retail for POS. They are most popular in small independent retailers of all types and large mall-based specialty chains.
  • Across North America, retail Mobile POS devices will cannibalize 12.4% of traditional POS shipments by 2016.
  • Over 85% of larger retailers suggest that for the next 3 years, Mobile POS will serve as additional transaction points in their stores, rather than as replacements for traditional fixed POS stations.

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