The mobile point of sales devices market is projected to be worth US$ 21,063 million in 2022. With an expected CAGR of 20.9%, it is anticipated that the market is growing rapidly and be worth US$ 1,40,134.2 million by 2032.
The global adoption of cutting-edge 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 a card acceptance solution in developed and developing nations worldwide has increased its popularity over more convenient payment options. Additionally, major retail chains are putting a lot of effort into increasing customer interaction and providing them with a high level of convenience.
| Report Attribute | Details |
|---|---|
| Mobile Point Of Sales Devices Market Value (2022) | US$ 21,063.0 Million |
| Mobile Point Of Sales Devices Market Anticipated Value (2032) | US$ 1,40,134.2 Million |
| Mobile Point Of Sales Devices Market Projected Growth Rate (2022 to 2032) | 20.9% |
Moreover, the demand for mobile point of sales devices is high due to their ability to wirelessly connect with smartphones or tablets via a mobile card reader, increasing daily usage. Potentially growing interested 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.
The EMV chip is expected to dominate the subsegment during the projected period. The main driver of the mobile point of sales devices market growth over the projection period is expected to be the widespread adoption of EMV chips in developed countries.
Other technologies, on the other hand, are developing quickly. For instance, Apple released iOS 11 in April 2017 to support the iPhone's NFC-integrated applications. During the forecast period, it is predicted that the retail industry is likely to employ mobile point-of-sale devices (mPOS) the most.
Moreover, numerous government initiatives support cashless transactions to improve the nation's economy. The ability of wireless POS systems to link with smartphones or tablets using a mobile card reader is advancing their adoption in several countries. Additionally, mobile point-of-sale systems' minimal installation costs and capacity to offer value-added services for ongoing operations are the main factors piquing retailers' and merchants' attention.
Public governance systems strongly support the deployment of the best mobile point-of-sale due to its capacity to distribute transparent pricing and payment methods. Along with the rise in demand for mobile point-of-sale systems, an increase in cybercrime or fraudulent actions via online marketplaces has become a significant problem in the digital sphere.
Increased sales of portable point-of-sale devices or terminals may be seriously hampered by trust concerns resulting from a lack of knowledge about the technological capabilities of a wireless POS system. Additionally, it is anticipated that by 2023, the average cost of installing mobile point of sale devices on the market is likely to drop. This is profitable news, enabling small businesses to use this new technology.
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Businesses in the retail and hospitality sectors may now increase client engagement and handle inventory management due to mPOS. The usage of mPOS terminals to track loyalty programs is one example.
The market for mobile point-of-sale (mPOS) terminals offers tremendous income potential due to demand from SMEs and micro-merchants. The market's major vendors offer services like product details, inventory management, and payment applications together with mPOS.
Large businesses are also anticipated to use the mPOS system, as it can merge payment and data collection while improving in-store consumer experiences. Therefore, the rapidly expanding market for debit and credit cards presents prospects for the mobile point of sales devices market.
There has been a new mobile point of sales devices market provider offering plans with no monthly fees, flat rate percentage pricing, cheap hardware, and low ongoing maintenance costs.
LevelUp, a USA-based business, offers 0% payment processing fees in exchange for required marketing services. Due to the growing number of competitors in the market, pricing-based competition among mobile point of sales device manufacturers is anticipated to be fierce in the near future. Therefore, it is projected that value-added services and product uniqueness is crucial in maintaining the competitive environment.
The future of digital payment is likely to be shaped by mPOS systems. This is attributed in large part to the development of the smartphone trend.
The possibilities for mobile point-of-sale (mPOS) terminals can be improved as smart devices like tablets are increasingly used for online transactions. For instance, mPOS vendors now prefer to waive monthly fees and lower maintenance costs to draw in retailers.
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North America drives the mobile point of sale market. Moreover, the demand for mobile point of sales devices in North America is driven by the abundance of small and medium-sized businesses and micro-merchants.
As they adopt technology quickly, the North American market for mobile point of sale (mPOS) devices is more developed than other regional markets. During the projected period, the area is likely to hold 29.9% of the mobile point of sales devices market share.
The European mobile point-of-sale (mPOS) market has been stimulated by a cloud-based, adaptable, secure, and quick mPOS solution. The mobile point of sales devices market share is projected to be driven by the increased adoption of advanced technologies by European retailers and merchants.
In addition, banks in various locations have taken steps to enable mPOS to give users lower payment fees. The region is expected to gain 22.8% of the global market share for mobile point-of-sale devices during the projection period.
The key end-user industries that are enhancing and expanding the demand for mobile point of sales devices are Hybrid Technology Solutions, Restaurant Hospitality (Lodging), Healthcare, Retail Warehouse/Distribution, and Entertainment.
| Start-Ups | Development |
|---|---|
| Clip | A startup company called Clip offers mPOS solutions for physical retailers. Merchants may now accept payments on their smartphone or tablet with the Clip card reader. It provides safe transactions with Clip Lock, an SMS-based transaction security solution. |
| iZettle | iZettle was established by Jacob De Geer and is situated in Stockholm. To date, it has raised $102 million from a variety of sources, including Index Ventures, Greylock Partners, and American Express. Swedish, German, Finnish, Norwegian, Spanish, Danish, Mexican, and Brazilian markets are served by the business. Many people view it as the European market leader. |
| Poynt | Poynt is a company that was established in the USA in 2013 and sells a payment terminal that combines an Android tablet with a hardware docking station and supports a range of payment methods, including conventional magnetic stripe cards, EMV, NFC, Bluetooth, QR codes, and beacon technology. |
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Mobile point of sale (mPOS) terminals, multiple players are anticipated to benefit from early-mover advantages offered by emerging economies. The client base for using NFC and Europay, Master Card, and Visa (EMV) payments are continually growing, widening the avenue.
Solution vendors continue to emphasize the many advantages of mobile point of sale (mPOS) to restaurants, hospitality, and retail retailers. One of the first businesses in the world to develop an mPOS device for merchants was Square, a San Francisco-based company that Jack Dorsey, the co-founder of Twitter, helped build.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 20.9% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The mobile point of sales devices market is projected to have a CAGR of 20.9% through 2032.
North America is leading in the mobile point of sales devices market, with a share of 29.9% by 2032.
The mobile point of sales devices market is expected to reach US$ 1,40,134 million by 2032.
1. Executive Summary | Mobile Point Of Sale Devices (mPOS) Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Solution Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Solution Type, 2022 to 2032 5.3.1. Integrated Card Reader Solutions 5.3.2. Card Reader Accessories 5.3.3. Dongles 5.3.4. Sleeves 5.4. Y-o-Y Growth Trend Analysis By Solution Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Solution Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2022 to 2032 6.3.1. Hybrid Technology Solutions 6.3.2. EMV Chip 6.3.3. Pin Magnetic-Stripe Chip 6.3.4. Sign Near Field Communication (NFC) 6.3.5. Biometrics 6.4. Y-o-Y Growth Trend Analysis By Technology, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Technology, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-use, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-use, 2022 to 2032 7.3.1. Restaurant Hospitality (Lodging) 7.3.2. Healthcare 7.3.3. Retail Warehouse/Distribution 7.3.4. Entertainment 7.4. Y-o-Y Growth Trend Analysis By End-use, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By End-use, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa(MEA) 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Solution Type 9.2.3. By Technology 9.2.4. By End-use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Solution Type 9.3.3. By Technology 9.3.4. By End-use 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Solution Type 10.2.3. By Technology 10.2.4. By End-use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Solution Type 10.3.3. By Technology 10.3.4. By End-use 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Solution Type 11.2.3. By Technology 11.2.4. By End-use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Solution Type 11.3.3. By Technology 11.3.4. By End-use 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of Asia Pacific 12.2.2. By Solution Type 12.2.3. By Technology 12.2.4. By End-use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Solution Type 12.3.3. By Technology 12.3.4. By End-use 12.4. Key Takeaways 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of Middle East and Africa(MEA) 13.2.2. By Solution Type 13.2.3. By Technology 13.2.4. By End-use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Solution Type 13.3.3. By Technology 13.3.4. By End-use 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Solution Type 14.1.2.2. By Technology 14.1.2.3. By End-use 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Solution Type 14.2.2.2. By Technology 14.2.2.3. By End-use 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Solution Type 14.3.2.2. By Technology 14.3.2.3. By End-use 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Solution Type 14.4.2.2. By Technology 14.4.2.3. By End-use 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Solution Type 14.5.2.2. By Technology 14.5.2.3. By End-use 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Solution Type 14.6.2.2. By Technology 14.6.2.3. By End-use 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Solution Type 14.7.2.2. By Technology 14.7.2.3. By End-use 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Solution Type 14.8.2.2. By Technology 14.8.2.3. By End-use 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Solution Type 14.9.2.2. By Technology 14.9.2.3. By End-use 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Solution Type 14.10.2.2. By Technology 14.10.2.3. By End-use 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Solution Type 14.11.2.2. By Technology 14.11.2.3. By End-use 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Solution Type 14.12.2.2. By Technology 14.12.2.3. By End-use 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Solution Type 14.13.2.2. By Technology 14.13.2.3. By End-use 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Solution Type 14.14.2.2. By Technology 14.14.2.3. By End-use 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Solution Type 14.15.2.2. By Technology 14.15.2.3. By End-use 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Solution Type 14.16.2.2. By Technology 14.16.2.3. By End-use 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Solution Type 14.17.2.2. By Technology 14.17.2.3. By End-use 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Solution Type 14.18.2.2. By Technology 14.18.2.3. By End-use 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Solution Type 14.19.2.2. By Technology 14.19.2.3. By End-use 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Solution Type 15.3.3. By Technology 15.3.4. By End-use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. VeriFone Systems Inc 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Square Inc 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. First Data Corp 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. LifePay ZAO 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Upserve Inc 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Paynear Solutions Private Limited 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. CardFlight 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Ingenico Group 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Zebra Technologies Corp 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Hewlett-Packard Development Company 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Mobile Point Of Sale Devices (mPOS) Market
