Global Mobile Point-Of-Sales Market

Global Mobile Point Of Sales Market Size, Share, Growth Analysis, By Solution Type(Integrated Card Reader Solutions, Card Reader Accessories), By Technology(Hybrid Technology Solutions, EMV Chip) - Industry Forecast 2024-2031

Report ID: SQSG45J2009 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 75

Global Mobile Point Of Sales Market News

  • In June 2022, In Australia, PAX collaborates with Transportme and integrates SmartPOS A920 to offer passengers an onboard contactless payment experience.
  • In June 2022, Abid Murshed, Head of Inside Sales at PayPal, discusses the untapped potential of cross-border e-commerce as well as PayPal's role in assisting Indian firms in utilising it in order to highlight the company's status as an advocate for small and medium-sized enterprises (SMBs).
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Global Mobile Point Of Sales Market size was valued at USD 32.45 billion in 2019 and is poised to grow from USD 36.07 billion in 2023 to USD 85.11 billion by 2031, growing at a CAGR of 11.1% in the forecast period (2024-2031).

Leading players in the worldwide mobile point-of-sale market are now competing for the top spots by expanding and enhancing their product lines. Prominent businesses are steadily broadening their company portfolios with mobile POS software and hardware by providing value-added services. To gain a competitive edge and generate the most income over the forecast period, the businesses operating in the mobile point-of-sale terminals market do their best to incorporate the most recent technological innovations into their products. Due to these terminals' improved characteristics, such as a better user experience and portability, it is anticipated that they may alter payment methods. 'Square Inc.', 'PayPal Holdings Inc.', 'Shopify Inc.', 'iZettle AB', 'Intuit Inc.', 'SumUp Inc.', 'PAX Technology Inc.', 'Verifone Systems Inc.', 'First Data Corporation', 'Worldpay Group plc', 'Ingenico Group', 'PayAnywhere LLC', 'Adyen N.V.', 'BitPay Inc.', 'Mswipe Technologies Pvt. Ltd.', 'Paymate India Pvt. Ltd.', 'Spire Payments Ltd.', 'Citrus Pay Pvt. Ltd.', 'Ezetap Mobile Solutions Pvt. Ltd.', 'Swipe Technologies Inc.'

The ability of wireless POS systems to link with smartphones or tablets using a mobile card reader is advancing their adoption in a number of countries. Additionally, mobile point-of-sale systems' minimal installation costs and capacity to offer value-added services for ongoing operations are the main factors piqueing 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. Due to the potential interests of numerous end use sectors, the global market for mobile point of sale is expected to experience exponential growth in the upcoming years.

Rapid digital evaluation has resulted in a rising client preference for online buying platforms. In order to give customers a seamless shopping experience with the aid of simple transaction techniques, this has led to the widespread adoption of effective mPOS devices by well-known suppliers.

In terms of location, the Middle East and Africa, South America, Europe, North America, and Asia Pacific make up the majority of the world's mPOS market. In 2016, Europe dominated the global market with a share of 34%. Over the past few years, the substantial growth of cloud computing has had a huge impact on the European market. Due to the growing emphasis that mPOS solution suppliers are placing on merchant-related services as well as the expanding internet of things (IoT) trend in this region, it is anticipated that the Europe market for mPOS will continue to dominate the global market even in the near future. In addition, the industry in Europe is anticipated to benefit significantly over the next few years from the growing adoption of mPOS systems in European banks in an effort to give clients lower transaction fees.

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