Global Mobile Point-Of-Sales Market

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 2025-2032


Report ID: SQSG45J2009 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 75

Mobile Point Of Sales Market Insights

Mobile Point Of Sales Market size was valued at USD 36.07 Billion in 2023 and is poised to grow from USD 40.07 Billion in 2024 to USD 94.56 Billion by 2032, growing at a CAGR of 11.1% during the forecast period (2025-2032).

The demand for cashless transactions among consumers around the world is giving the global market for mobile point-of-sale (mPOS) a considerable boost. Because of the mobility-enabled low total cost of ownership (TCO) and user-friendliness that mPOS systems provide, the industry is expected to continue seeing rapid expansion over the coming years.

The global adoption of trying to cut payment systems like Mobile Point of Sale (mPOS) has been prompted by the ongoing shift of payment methods from cash to electronic payments. The adoption of mPOS as card acceptance solutions in both developed and developing nations worldwide has increased its popularity over more conventional payment options. The ability of mPOS to wirelessly connect with smartphones or tablets via a mobile card reader increases usage every day. Potentially growing interest among merchants and retailers is the system's beneficial attributes of low starting cost, rapid onboarding, transparent pricing, and ability to provide value-added services. Mobile point of sale (mPOS) systems are convenient, affordable, and appropriate for many kinds of enterprises. They feature SIM card slots that make it possible for merchants to do business successfully from a distance. During the forecast period, the size of the market for mobile point of sale (mPOS) devices is anticipated to increase.

US Mobile Point Of Sales Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Mobile Point Of Sales Market size was valued at USD 32.45 billion in 2022 and is poised to grow from USD 36.07 billion in 2023 to USD 85.11 billion by 2031, growing at a CAGR of 11.1% in the forecast period (2024-2031).

Leading players in the worldwide mobile point-of-sale market are now competing for the top spots by expanding and enhancing their product lines. Prominent businesses are steadily broadening their company portfolios with mobile POS software and hardware by providing value-added services. To gain a competitive edge and generate the most income over the forecast period, the businesses operating in the mobile point-of-sale terminals market do their best to incorporate the most recent technological innovations into their products. Due to these terminals' improved characteristics, such as a better user experience and portability, it is anticipated that they may alter payment methods. 'Square Inc.', 'PayPal Holdings Inc.', 'Shopify Inc.', 'iZettle AB', 'Intuit Inc.', 'SumUp Inc.', 'PAX Technology Inc.', 'Verifone Systems Inc.', 'First Data Corporation', 'Worldpay Group plc', 'Ingenico Group', 'PayAnywhere LLC', 'Adyen N.V.', 'BitPay Inc.', 'Mswipe Technologies Pvt. Ltd.', 'Paymate India Pvt. Ltd.', 'Spire Payments Ltd.', 'Citrus Pay Pvt. Ltd.', 'Ezetap Mobile Solutions Pvt. Ltd.', 'Swipe Technologies Inc.'

The ability of wireless POS systems to link with smartphones or tablets using a mobile card reader is advancing their adoption in a number of countries. Additionally, mobile point-of-sale systems' minimal installation costs and capacity to offer value-added services for ongoing operations are the main factors piqueing retailers' and merchants' attention. Public governance systems strongly support the deployment of the best mobile point-of-sale due to its capacity to distribute transparent pricing and payment methods. Due to the potential interests of numerous end use sectors, the global market for mobile point of sale is expected to experience exponential growth in the upcoming years.

Rapid digital evaluation has resulted in a rising client preference for online buying platforms. In order to give customers a seamless shopping experience with the aid of simple transaction techniques, this has led to the widespread adoption of effective mPOS devices by well-known suppliers.

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.

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Global Mobile Point-Of-Sales Market

Report ID: SQSG45J2009

$5,300
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