Global Mobile POS Terminals Market Report and Forecast 2024-2032

Global Mobile POS Terminals Market Outlook

The global mobile POS terminals market size reached a value of around USD 32.78 billion in 2023. The market is further expected to grow at a CAGR of 10.2% between 2024 and 2032, reaching a value of around USD 78.85 billion by 2032.

Key Trends in the Market

A mobile POS terminal or mPOS refers to a point of sale terminal that is portable and can be used from any location to facilitate point of sale activities such as product identification, billing, and payment. A mPOS terminal may be a dedicated device or in the form of software that can be installed on a mobile device such as a tablet or smartphone to facilitate point of sale tasks.

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• One of the key mobile POS terminals market trends is the increasing prevalence of mobile and digital payment modes, supported by the growing penetration of smartphones and internet access. Mobile POS terminals are well suited for cashless online financial transactions, enabling companies to complete transactions away from bulky cash registers.

• The mobile POS terminals market growth is being significantly influenced by the growing focus of companies to enhance customer satisfaction. Time-consuming and crowded checkouts negatively influence the customer experience, and can be improved by the adoption of mobile POS solutions which speed up checkouts and enable the setup of additional pop-up checkouts as needed.

• Cloud-based mobile POS terminals are a growing trend in the market due to the flexibility they offer and their ability to interact with other retail and e-commerce software programmes. These terminals, for instance, may easily be combined with software for managing inventories, customer relationships, and marketing campaigns, among other tasks.

Global Mobile POS Terminals Market Analysis

Based on component, the market is divided into hardware, software, and services, with software sub-divided into cloud and on-premises. The mobile POS terminals market segmentation, on the basis of application, is restaurants, hospitality, healthcare, retail, warehouse, and entertainment, among others. The regional markets for mobile POS terminals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global mobile POS terminals market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• VeriFone, Inc.

• PAX Global Technology Limited

• Oracle Corporation

• Ingenico

• Block, Inc.

• New POS Technology Limited

• HP Development Company, L.P.

• Clover Network, Inc.

• PayPal Holdings, Inc.

• NEC Corporation

• Others

Global Mobile POS Terminals Market Share by Application

Healthcare applications are anticipated to witness significant growth in the mobile POS terminals global market during the forecast period, supported by the rapidly expanding healthcare sector, and increase in patient volumes. Custom mobile POS terminals are available that support healthcare applications, reducing the need of patients to wait in lengthy lines for care. Healthcare mobile POS terminals can be adapted to scan patient history, process payments, order medication, and aid in scheduling. As healthcare infrastructure experiences increased digitalisation, the usage of mPOS terminals in healthcare applications are expected to expand.

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Global Mobile POS Terminals Market Share by Region

North America accounts for a sizable share of the global market for mobile POS terminals, supported by the strong demand from various end-users, early adoption of new technologies in countries in the region, and growing competition among companies. Strong presence of key players in the market are further bolstering the market for mobile POS terminals in countries such as the United States.

Meanwhile, the Asia Pacific market for mobile POS terminals is predicted to grow significantly over the next years, supported by increasing measures to encourage digital payments in emerging nations. Rising popularity of smartphones and tablets in countries like China and India, are further increasing the mobile POS terminals market demand.

Competitive Landscape

VeriFone, Inc. is a supplier of payment and commerce solutions with its headquarters in Florida in the United States. Established in 1981, the company creates, manufactures, and markets payment-related solutions including countertop payment terminals, point-of-sale (POS) terminals with PIN pads, integrated POS systems, and mobile POS hardware.

PAX Global Technology Limited, established in 2000 and headquartered in Shenzhen, China, is an innovative worldwide supplier of electronic payment solutions. It offers top-notch, affordable, and superior quality products, focusing on the creation, marketing, and selling of EFT-POS products and related services.

PayPal Holdings, Inc., headquartered in California in the United States, is a technological platform that facilitates digital payments and makes online shopping easier for individuals and businesses everywhere. The company's payment solutions help its clients communicate, conduct business, and send and receive payments whether they do it online or in person.

Other market players include Oracle Corporation, Ingenico, Block, Inc., New POS Technology Limited, HP Development Company, L.P., Clover Network, Inc., and NEC Corporation, among others.

Key Highlights of the Report