How Tablet Adoption Amongst Small Business is Driving Overall Growth
InformationWeek™ reported. (1). Tablet-based technology in the small-business landscape is growing by the year as companies continually see the added value these devices have when it comes to running a successful business.
In fact, a recent Intuit® infographic found similar results in terms of exponential growth of tablet adoption in the small-business landscape. Micro and small-sized businesses were found to be in the best position to adopt tablet-based technology in the years to come. More specifically, small businesses with 10 to 99 employees have a 78.5 percent forecasted growth in tablet technology between 2011 and 2016. For companies with fewer than 10 employees, tablet tech adoption is expected to grow 98 percent. Adoption in midsized and enterprise firms was expected to grow by 50.8 percent and 62.7 percent, respectively (2).
Between 2011 and 2012, small business tablet adoption in the U.S. grew by more than 140 percent (2).
Small businesses driving tablet adoption
Clearly, tablet technology and small-business operations often go well together. The easy-to-use technology is a driving factor in local merchants making the decision to integrate. The decision to adopt tablet technology hinges on the merchants perception of installation price point and the ease of integrating into their business.
Tablet technology has the capability to replace a number of disjointed systems and combine production, operation and payment processing into one management suite. The software and capabilities are robust, and the ability to customize is becoming more flexible by the year.
Made for one another
Various industries are adopting tablets at a rapid rate because they're dramatically improving the way local merchants conduct business. For instance, restaurants are tossing the traditional notepads and are beginning to not only take orders on table-side tablets, but also give diners the option to pay for their meal at the table. Tablets are serving other purposes in different verticals as well, including line-breaking check out at retailers.
From a business perspective, tablets combine a number of different production and management capabilities into one device. Tablets are becoming the one-stop shop for back-end business management.
- Information Week, http://www.informationweek.com/mobile/smb-tablet-adoption-to-grow-1000--by-2015/d/d-id/1096851? (Mar. 25, 2011).
- Tab Times, http://tabtimes.com/small-business-set-power-future-tablet-growth-infographic-7662/ (March 5, 2013)
Intuit and InformationWeek™ are registered or unregistered marks belonging to their respective owners who are unaffiliated with and do not endorse or sponsor Vantiv Integrated Payments, LLC.
- Tablet Adoption Growth in Small Businesses
- How tablets are heating up in the restaurant industry
- How are mobile payments impacting small business
- The Virtues of Mobile Wallet
- Get to know your customers with tablet POS
- How To Use Social Media To Create Loyal Customers
- How restaurants are using technology to drive customer loyalty
- Best Practices for Offering a Mobile Shopping Experience
- Mcommerce in the Marketplace
At Your Fingertips
The impending shift in liability for card-present fraud is driving a transition to EMV. Are you ready? This handbook can help you prepare.
Vantiv Integrated Payments is ready for EMV and has the technology and a network of providers that merchants need to enter the new era of payments.