Daily Dose of iQ: Retailers to Spend Over $2B on Mobile POS Tech in 2013

Aug 01, 2013 — Allan Pulga

Mobile POS is a hot topic in retail right now. So hot in fact, that research firm IHL Group is predicting North American retailers will spend more than $2 billion on mobile POS hardware and software in 2013.

As TJ McCue of Forbes wrote Monday (July 30), IHL Group found 28% of North American retailers plan to adopt some form of mobile POS by the end of the year.

28% plan to adopt mobile POS by end of 2013; 33% of retailers don't plan to adopt mobile POS in next 3 years.

"Overall, mobile in retail is now a $5.7 Billion business worldwide and continues to grow rapidly," wrote McCue. "It is the single fastest moving trend in retail since Internet was added to the stores, according to IHL Group."

It should be noted, however, that more retailers (33%) are not planning to implement mobile POS within the next three years.

McCue is surprised so many retailers are not planning to adopt the technology, since it's so easy to convert an iPad into a mobile cash register nowadays: "If you have not been to a farmer’s market recently, take a look at all the merchants who can now take more than cash. Add a Square credit card reader or one from Intuit, and you are a mobile retail machine."

Topics: Privacy, Retail Operations, Wireless Trends, Mobile Industry

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