The mobile point-of-sale terminal market is anticipated to reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period 2024-2034.
A mobile point-of-sale (mPOS) terminal is a wirelessly enabled, portable device that allows businesses handle sales, process transactions, and communicate with clients outside of traditional fixed checkout areas. It consists of services, software, and hardware that turn smartphones, tablets, or other specialized portable devices into point-of-sale (POS) systems.
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Growth Drivers:
The expansion of the mobile point-of-sale sector has been largely attributed to the global trend towards digital transactions. The Capgemini Research Institute for Financial Services Analysis, for example, projects that the value of non-cash transactions worldwide would rise from USD 1.2 trillion to USD 2.8 trillion by 2028. Customers are increasingly choosing contactless payment due to its convenience and hygienic benefits. The shift from cash to digital payment methods was accelerated, in a way, by the COVID-19 epidemic.
The foundation for mPOS deployment has been established by the increasing use of smartphones and better internet connectivity. For example, according to the GSM Association's annual State of Mobile Internet Connectivity Report 2023 (SOMIC), 4.3 billion people worldwide, or around 54% of the population, now own a smartphone in 2022.
Mobile Point-of-Sale Terminal Segmentation:
By Component:
· Hardware
· Software
· Service
By Product:
· Handheld Terminal
· Countertop
· Tablet
· Others
By Deployment Model:
· On-premises
· Cloud
By Technology:
· Contactless Payment
o Near Field Communication (NFC)
o Biometric Authentication
o QR Code Scanning
o Others
· Traditional
o Chip & Pin
o Chip & Signature
o Others
· Magnetic Stripe Reading
· Others
By Operating System:
· Android
· iOS
· Linux
· Windows
· Others
By Application:
· Retail
o Convenience Stores
o Department Stores
o Supermarkets/Hypermarkets
o Discount Stores
o Specialty Stores
o Others
· Entertainment
· Healthcare
· Hospitality
· Restaurant
· Warehouse
· Others
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Key Companies in Mobile Point-of-Sale Terminal Market:
The research report offers a competitive analysis of prominent companies operating in the global mobile point-of-sale terminal market. Some of the leading players profiled in the market research report include:
· VeriFone, Inc.
· Diebold Nixdorf, Inc.
· Shenzhen Xinguodu Technology Co., Ltd.
· Castles Technology Co., Ltd.
· PAX Technology
· NCR Voyix Corporation
· Block, Inc.
· Epicor Software Corporation
· PayPal, Inc.
· Ingenico
· Panasonic Corporation
· Oracle Corporation
· Toshiba Global Commerce Solutions
· POSTAS CO., LTD.
· Global Payments, Inc.
· Fiserv, Inc.
· Other Player’s
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