Mobile Point-of-Sale Terminal Market 2025 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

Mobile point-of-sale (mPOS) terminal is the portable, wireless-enabled system which helps the businesses to process the transactions, manage sales and interact with customers outside of regular fixed checkout areas. It is comprised of hardware, software and services to convert smartphones, tablets or dedicated handheld devices into POS systems. With regards to mobile POS terminals, unlike legacy POS systems, they put mobility, flexibility and integration with modern payment technologies and business workflows at the top of the hierarchy.

These terminals have functionality that can be accessed through Wi-Fi, Bluetooth or a cellular network and they can handle different methods of payments credit/debit cards (magnetic strip, toxic free, contactless or NFC) digital wallets (Apple Pay or the like), and some even QR code methods and so on. While mPOS can function by themselves or be part of a broader platform, i.e., inventory management, tracking sales, CRM, or accounting. In the past ten years, the mobile point of sale terminal market has gone way up, fueled mostly by technology features, more smartphone usage and fundamental movement towards cashless and digital transactions. During this time, mPOS systems have been a solution in the search of more flexible and cheaper payment solutions for businesses. In light of this, businesses may opt for mPOS solutions to match the consumer trends.

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.

In addition, mPOS systems have a lower total cost of ownership compared to traditional POS systems, so they are quite appealing for SMEs and startups. Furthermore, the mobile point of sale terminal market has a significant growth potential in developing countries as the adoption of smartphone technology increases along with the government support to digital payment, which contributes towards the growth of mobile point-of-sale terminal market during the forecast period of 2025–2035.

Growth Drivers:

The global shift towards digital transactions has been a cornerstone in mobile point-of-sale market growth. For instance, according to the Capgemini Research Institute for Financial Services Analysis, the global non-cash transaction value is expected to increase from USD 1.2 trillion to USD 2.8 trillion in 2028. Contactless payment is becoming the preferred method by consumers for convenience and hygiene reasons. In a sense, it was the COVID-19 pandemic that accelerated the transition of cash to digital payment methods. As consumers depend more on smartphones and wearables for payments, readers of the increasingly popular NFC, QR-code scanning as well as biometric payment options boost the growth prospects for mPOS market positively.

The widespread adoption of smartphones and improved internet infrastructure have laid the groundwork for mPOS deployment. For instance, in 2022, approximately 54% of the global population some 4.3 billion people now owns a smartphone, according to the GSM Association annual State of Mobile Internet Connectivity Report 2023 (SOMIC). This widespread access to smartphones and mobile networks enables merchants particularly micro, small, and medium enterprises (MSMEs) to process payments through low-cost, portable mPOS terminals rather than investing in traditional, fixed POS infrastructure.

Continuous innovations in both hardware and software are advancing the capabilities and appeal of mPOS terminals. Some of the identified technological developments include integration of near field communication (NFC), biometric authentication, cloud-based analytics, customer management using inventory management and customer relationship management (CRM) tools in mPOS and android, and IOS based payment terminals. Such technological enhancements enhance transaction security, streamline operations and offer the merchants a neat business insight which in turn aids in the market growth over the forecast period.

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

Mobile Point-of-Sale Terminal Market by Component Review:

Based on the component, the mobile point-of-sale terminal market is segmented into three segments including: hardware, software, and services. On the basis of component, the hardware segment is expected to dominate the market in terms of market share, while the software segment is also predicted to grow at the highest rate in terms of CAGR during the forecast period.

Mobile Point-of-Sale Terminal Market by Product Review:

Based on the product, the market is segmented into handheld terminal, countertop, tablet, and others. On the basis of product, the handheld terminal segment is expected to be the largest in terms of market share, while the tablet segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Mobile Point-of-Sale Terminal Market by Deployment Model Review:

Based on the deployment model, the market is segmented into On-premises, and Cloud. On the basis of source, the on-premise segment is expected to be the largest in terms of market share, while the cloud segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Mobile Point-of-Sale Terminal Market by Technology Review:

Based on the technology, the market is segmented into contactless payment, which is further sub-segmented into near field communication (NFC), biometric authentication, QR code scanning, and others, traditional, which is further sub-segmented into chip & pin, chip & signature, and others, magnetic stripe reading, and others. On the basis of route of administration, the XXXX segment is expected to be the largest in terms of market share, while the XXXX segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Mobile Point-of-Sale Terminal Market by Operating System Review:

Based on the operating system, the market is segmented into Android, iOS, Linux, Windows, and others. On the basis of operating system, the XXXX segment is expected to be the largest in terms of market share, while the XXXX segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Mobile Point-of-Sale Terminal Market by Application Review:

Based on the application, the market is segmented into retail, entertainment, healthcare, hospitality, restaurant, warehouse, and others. On the basis of application, the retail segment is expected to be the largest in terms of market share, while the restaurant segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Regional Outlook:

The mobile point-of-sale terminal market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The Asia Pacific region is forecasted to maintain its dominant position in the global mobile point-of-sale terminal market, accounting for a projected market share of XX.X% in 2024. The regional mobile point-of-sale terminal market is mainly driven by a combination of massive population density of the region, high mobile penetration, digital payment adoption, and government-led cashless initiatives in the region. Furthermore, the rise of online-to-offline (O2O) commerce in China, India, and Southeast Asia has led retailers to deploy mPOS terminals for seamless omnichannel experiences, boosting the market growth. Moreover, rapid economic development, the rise of small and medium-sized enterprises (SMEs), and the spread of financial inclusion policies, is predicted to further drive the mobile point-of-sale terminal market in the region during the forecast period 2025-2035.

Asia Pacific regional market growth is driven by factors such as increasing smartphone penetration, a burgeoning e-commerce sector, and supportive government initiatives promoting digital payments. China remains the largest mPOS market in APAC. Additionally, India is the fastest-growing markets, fueled by the Unified Payments Interface (UPI) boom, Jan Dhan bank accounts, and Digital India initiative.

Asia Pacific leads in transaction volumes for mobile payments, particularly due to the scale and velocity of consumer transactions in markets such as China and India. For instance, according to the GSM Association, the total transaction value of mobile payment in Asia Pacific was around USD 495 billion with the total transaction volume around 26 billion in 2024. Moreover, the mobile-first behavior of consumers, government-backed cashless economy drives, and the proliferation of QR code-based and NFC-based payments, is expected to further boost the market growth in the Asia Pacific region during the forecast period 2025-2035.

North America holds a significant share of the global mobile point-of-sale terminal market. The market is mainly driven by a mature digital payment infrastructure, high debit and credit card ownership, and a high adoption rate of advanced technologies in the region. A strong inclination towards digital and contactless payments among consumers has accelerated mPOS adoption in various sectors. Furthermore, businesses in the US and Canada are increasingly incorporating mPOS terminals with comprehensive retail management systems, including inventory management, CRM, and e-commerce platforms, to streamline operations and improve customer engagement. Moreover, the integration of Near Field Communication (NFC) and EMV chip technologies in the region has enhanced transaction security and speed, which is expected to further drive the market growth in the region during the forecast period 2025-2035.

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