The global mobile point of sale (POS) market was valued at USD 17 billion in 2021 and is anticipated to register a CAGR of 33.5% over 2022-2030, thereby accumulating an annual valuation of USD 446.3 billion by end of the forecast period. Widespread technical innovations in the field of payment technologies is primarily aiding the industry expansion.
Global Mobile Point of Sale (POS) Market: Introduction
Mobile POS is an integrated device like a tablet or smartphone that operates as an electronic point of sale terminal. Mobile POS constitutes hardware and software. The mobile POS hardware is equipped with Wi-Fi, smart card, and radio frequency identification (RFID), among other modern features.
These hardware mechanisms allow POS terminals to accept payments remotely utilizing wireless applications. The mobile POS terminals are also utilized to control assets and inventories, send and receive invoices, send digitize notes, and record signatures at the counters.
Due to technical advancements in payment technologies and the move toward Euro pay/MasterCard/Visa) chip card reimbursement, the global market for mobile point-of-sale systems is anticipated to experience exceptional growth. The mPOS (Mobile Point of Sale) system is intended for mobile devices with integrated POS functionality, such as tablets and smartphones. Through the use of dongles or sleeves, this specialised mobile equipment can also be converted into compensation terminals. These come with features including Voice over Internet Protocol (VoIP), Smartcard, Wi-Fi, and Radio Frequency Identification (RFID). Additionally, mobile POS terminals are used to manage inventory and assets, send and receive bills, dispatch digitised notes, and collect signatures at certain counters. These features enable mPOS terminals to accept payments through wireless applications even when they are made at a distance.
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Global mobile point of sale (POS) market- Segmental analysis
By Component
- Hardware
- Software
- Services
By Solution Type
- Integrated Card Reader Solutions
- Card Reader Accessories
- Dongles
- Sleeves
By Technology
- Hybrid Technology Solutions
- EMV Chip and Pin
- Magnetic- Stripe
- Chip and Sign
- Near Field Communication (NFC)
- Biometrics
By Connectivity
- 3G/4G/5G
- Wi-Fi
- Bluetooth
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
Top Key Players:-
- Citizen Systems Europe GmbH
- Dspread Technology, Inc.
- First Data Corporation
- Hewlett-Packard Development Company L.P.
- Ingenico S.A.
- Intuit, Inc.
- Zettle
- Oracle Corporation (MICROS System, Inc.)
- Pax Technology Ltd.
- Paypal Holdings, Inc.
- Posiflex Technology, Inc.
- Recruit Holdings Co., Ltd.
- Square, Inc.
- VeriFone Systems, Inc.
- Zebra Technologies Corp
- Shenzhen Xinguodu Technology Co., Ltd
- Diebold Nixdorf
- Fujian Newland Payment Technology Co., Ltd
- BBPOS Ltd
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Frequently Asked Questions (FAQ):
- What is the growth rate of the mobile point-of-sale (mPOS) terminals market?
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- Which are the companies operating in the mobile point-of-sale (mPOS) terminals market?
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