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.
Mobile point of sale (mPOS) terminals are electronic point-of-sale terminals that are embedded into mobile smartphones. With the help of dedicated incorporation of mobile equipment that functions as electronic POS terminals, it can perform cash registration. Wi-Fi, smartcard, and radio frequency identification (RFID) technology are all included in the mobile point of sale (mPOS). This wireless application allows for financial transfers to be made from a distance. The mobile point of sale (mPOS) allows for more flexibility in transactions by removing the reliance on a single location or device. In order to conduct credit and debit card transactions, mobile point of sale (mPOS) transactions are appropriate for various businesses such as sports stadiums, flea markets, food trucks, and market vendors.
A smartphone, tablet, or wireless device that can accept card and digital payments is known as a mPOS terminal. The device enables retailers to collect payments from clients through the internet, allowing them to be untethered from a single location. A credit card reader may receive payments from clients using an application placed on the device. The terminals are integrated hardware and software solutions that allow merchants and customers to conduct transactions more easily.
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A mobile point-of-sale (mPOS) machine is a compact device that allows retailers to collect payments via plastic, e-cash, or mobile money. A mobile POS machine is a small module that can be easily converted into a POS terminal by attaching it to a suitable tablet or phone. It’s a small module that allows you to use your mobile smartphone as a point-of-sale system. Smart POS is compatible with a wide range of merchant apps, including custom software.
Global Mobile Point of Sale (POS) Market- Segment Analysis
Major 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
By Component
- Hardware
- Software
- Services
By Solution Type
- Integrated Card Reader Solutions
- Card Reader Accessories
o Dongles
o 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)
By End-Use
- Restaurants
- Hospitality
- Health Care
- Retail
- Warehouse or Distribution
- Entertainment
- Transportation
o Public Transport
o Rental Cars and Intercity Buses
- Government
- Consumer Utility Services
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Key Questions Answered in This Report
- What is the size of this market?
- What is the expected growth rate of this market?
- What are the key factors driving this market?
- What has been the impact of COVID-19 on this market?
- What is the breakup of this market based on the type?
- What is the breakup of the global Mobile Point of Sale (POS) market based on the application?
- What is the breakup of the global Mobile Point of Sale (POS) market based on the end-use sector?
- What are the key regions in the global Mobile Point of Sale (POS) market?
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