The mobile point of sale (POS) terminal market is anticipated to grow at a CAGR 15.2% during the forecast period. The mobile POS terminals are incorporated mobile equipment such as smartphones and tablets which works as electronic POS terminals and this mobile equipment can be changed into a compensation terminal through the use of dongles. These mobile equipment are equipped with utilities includes Wi-Fi, smart-card, voice over internet protocol and radio frequency identification. Additionally, it is utilized to administer, send and receive invoices, assets, and dispatch digitizes notes. These abilities allow a mobile point of sale terminal to acknowledge payment through wireless applications.
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Technical advancement in payment technologies with a shift towards the master card, visa and euro pay is anticipated to boost the growth of the mobile POS terminal market during the forecast period. Moreover, factors such as the growing number of cashless transactions and an increasing need for digital payment is fuelling the growth of the mPOS terminal market. Mobile POS solutions aid users to conduct financial transactions at remote locations along with convenience. It is also capable of accepting payments through contactless cards, NFC enabled cards and EMV chip-enabled cards. Advancement in technology, growing internet penetration and increasing proliferation of mobile devices propel the adoption of mobile point of sale terminals.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global POS Terminal Market – Segmentation
By Type
- Mobile POS
- Fixed POS
By Deployment
- Cloud
- On-Premise
By Application
- Healthcare
- Retail
- Hospitality
- Transportation
- Others (Government, Media & Entertainment)
Global POS Terminal Market –Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile point of sale terminal market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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