Mobile Point Of Sales Market Size, Share, Growth Analysis, By Solution Type(Integrated Card Reader Solutions, Card Reader Accessories), By Technology(Hybrid Technology Solutions, EMV Chip, Pin, Magnetic-Stripe), By Region - Industry Forecast 2024-2031

In terms of location, the Middle East and Africa, South America, Europe, North America, and Asia Pacific make up the majority of the world's mPOS market. In 2016, Europe dominated the global market with a share of 34%. Over the past few years, the substantial growth of cloud computing has had a huge impact on the European market. Due to the growing emphasis that mPOS solution suppliers are placing on merchant-related services as well as the expanding internet of things (IoT) trend in this region, it is anticipated that the Europe market for mPOS will continue to dominate the global market even in the near future. In addition, the industry in Europe is anticipated to benefit significantly over the next few years from the growing adoption of mPOS systems in European banks in an effort to give clients lower transaction fees.

North America and Asia Pacific are two regions where the mPOS industry is expected to grow strongly in the years to come. While the North American mPOS market is benefiting from the presence of numerous established players, the Asia Pacific market is anticipated to grow significantly over the coming years as a result of the improvement in the economies of several Asian nations, including China, India, Indonesia, and Japan. In the near future, it is anticipated that a number of societal factors, including favourable demographic profiles, customer confidence, and urbanisation trends, would also fuel the Asia Pacific mPOS market.