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

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).

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.