mPOS Terminals Market Growth, Demand & Opportunities

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2022
mPOS Terminals Market Opportunities, Companies
and Trends in Coming Years
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A mobile point-of-sale (mPOS) terminal is a
dedicated wireless device, smartphone, or tablet
that executes the functions of an electronic POS
terminal or cash register wirelessly. For the
implementation of mPOS, a business requires a
debit and credit card reader, an internet
connection, and an application on the device that
will be used for the transactions. It can also be
paired with other POS hardware such as a cash
drawer and barcode scanner. Besides, mPOS systems
are ideal for mobile businesses, such as home and
repair services, food trucks, flea markets, and
market vendors, to carry out card transactions on
the go. By deploying the mPOS system, businesses
are focusing on enhancing the experience of
customers. This is one of the prime factors that
will drive the mPOS terminals market growth at a
CAGR of 17.9 during 20202030 (forecast period).
Business organizations are adopting mPOS
solutions to reduce the wastage of customers'
time, by helping them avoid the labyrinthine
check-out queues at big stores and markets. This
can be achieved by paying for the goods digitally
from the main product area in the shop. Solutions
as these build brand trust and loyalty and help
increase customer satisfaction.
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This migration from conventional systems to mPOS
terminals can also be attributed to the
deployment of cloud-based solutions. In
comparison to conventional systems, cloud-based
POS variants involve lower operational costs, as
they do not need expensive on-site servers. In
addition to this, cloud-deployed mPOS solutions
allow users to accumulate all the data in one
place, which helps in streamlining information
management. Other advantages of cloud-based mPOS
software include less requirement for
sophisticated IT infrastructure, better mobility,
and automatic data backup. The application
segment of the mPOS terminals market is
categorized into hospitality, food service,
healthcare, warehouse, sports and entertainment,
and retail. The retail category is expected to
dominate the market during the forecast period
because of the increasing adoption of the mobile
POS technology by retailers to capture sales
quickly and help customers by saving their time.
With such terminals, buyers can make the payment
from the shopping floor itself, and the need to
stand in long queues is eliminated. Request to
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To expand their portfolio and customer pool,
players operating in the mPOS terminals market
are constantly launching new products. One such
instance is the launch of a near field
communication (NFC)-enabled contactless payment
acceptance solution for mobile devices in October
2019 by Samsung Electronics Co. Ltd. and
Mobeewave Inc. This NFC solution allows customers
to make payments by tapping their contactless
debit or credit card or Google Pay, Samsung Pay,
or Apple Pay wallet on the NFC-enabled devices
produced by Samsung. As for the performance of
the regional mPOS terminals markets, the
Asia-Pacific (APAC) region accounted for the
largest share in the global market during the
historical period of 20142019. According to PS
Intelligence, the region is projected to maintain
its dominance during the forecast period owing to
the rapid urbanization in regional countries,
which is adding to the growth of the healthcare,
retail, and hospitality sectors. The prime driver
for the regional market is the retail sector,
which accounts for the highest adoption of mPOS
terminals in APAC. The growing retail sector and
increasing focus on customer satisfaction will
thus propel the demand for mPOS terminals in the
future, especially in the retail industry.
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• Market Segmentation by Component
• Hardware
• Handheld terminal
• Tablet
• Software
• Market Segmentation by Deployment Type
• On-Premises
• Cloud
• Market Segmentation by Application
• Food Service
• Hospitality
• Lodging establishment
• Hotel motel
• Others
• Healthcare
• Retail

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• Market Segmentation by Region
• North America mPOS Terminals Market
• By component
• By deployment type
• By application
• By country U.S. and Canada
• Europe mPOS Terminals Market
• By component
• By deployment type
• By application
• By country Germany, France, U.K., Italy, Spain,
  and Rest of Europe

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• Asia-Pacific (APAC) mPOS Terminals Market
• By component
• By deployment type
• By application
• By country Japan, China, India, Australia,
  South Korea, and Rest of APAC
• Latin America (LATAM) mPOS Terminals Market
• By component
• By deployment type
• By application
• By country Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) mPOS Terminals
  Market
• By component
• By deployment type
• By application
• By country Turkey, Saudi Arabia, U.A.E., South
  Africa, and Rest of MEA

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This study covers 1. Historical and the present
size of the mPOS Terminals Market 2. Historical
and the present size of the market segments and
understand their comparative future
potential 3. Potential of on-demand logistics
services, so the market players make informed
decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings
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