Mobile Point Of Sale Mpos Terminals Market Introduction 

Mobile Point of Sale (mPOS) terminals are electronic devices used to accept payments for goods and services through a mobile device, such as a smartphone or tablet. mPOS terminals allow businesses to accept card payments on-the-go, without the need for a traditional Point of Sale (POS) system. These devices are typically small and portable, making them ideal for businesses that operate outside of a fixed location, such as food trucks, market vendors, or tradespeople.mPOS terminals can connect to a mobile device through a variety of methods, including Bluetooth, Wi-Fi, or a physical cable. They can accept payments from a range of payment methods, including credit and debit cards, mobile wallets, and contactless payments. Some mPOS terminals also offer additional features such as inventory management, sales analytics, and customer relationship management tools.The use of mPOS terminals has grown rapidly in recent years, driven by the increasing popularity of mobile payments and the need for businesses to provide flexible payment options to customers. The growth of e-commerce and the shift towards contactless payments during the COVID-19 pandemic have also contributed to the adoption of mPOS terminals.As of my knowledge cutoff in 2021, the global mPOS terminals market was expected to continue growing over the next decade, with increasing demand from small and medium-sized businesses, the hospitality industry, and the transportation sector. According to a report by Grand View Research, the global mPOS terminals market was valued at $12.46 billion in 2020 and is expected to reach $49.06 billion by 2028, growing at a CAGR of 18.5% from 2021 to 2028.

Mobile Point Of Sale Mpos Terminals Market  Size

As of my knowledge cutoff in 2021, the global mobile point of sale (mPOS) terminals market was valued at $12.46 billion in 2020, according to a report by Grand View Research. The market size is expected to continue growing at a compound annual growth rate (CAGR) of 18.5% from 2021 to 2028, reaching a projected value of $49.06 billion by 2028.The growth of the mPOS terminals market is being driven by several factors, including the increasing demand for cashless transactions, the growing adoption of mobile devices and wireless technologies, and the rise of the e-commerce industry. Additionally, the COVID-19 pandemic has accelerated the shift towards contactless payments, further boosting the demand for mPOS terminals.The market size for mPOS terminals is expected to vary by region, with North America and Europe being the largest markets due to the high adoption of mobile payments and wireless technologies. The Asia-Pacific region is expected to experience significant growth, driven by the increasing adoption of mobile devices and e-commerce in countries such as China and India.

Mobile Point Of Sale Mpos Terminals Market  Share

As of my knowledge cutoff in 2021, the global mobile point of sale (mPOS) terminals market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include:

1. Square, Inc.
2. PayPal Holdings, Inc.
3. Ingenico Group
4. Verifone Systems, Inc.
5. First Data Corporation
6. PAX Global Technology Limited
7. Intuit, Inc.
8. iZettle AB (owned by PayPal Holdings, Inc.)
9. SumUp Holdings AG
10. Bixolon Co., Ltd.

Other notable players in the market include Mswipe Technologies Pvt. Ltd., Spire Payments, Payleven, and Bitel Co., Ltd.As of my knowledge cutoff, Square, Inc. was the market leader in the mPOS terminals market, with a 31% share of the market in 2019, according to a report by Persistence Market Research. PayPal Holdings, Inc. was the second-largest player in the market, with a 22% market share, followed by Ingenico Group and Verifone Systems, Inc.The market share of each player is expected to fluctuate over time, as the market continues to evolve and new players enter the market. Additionally, mergers and acquisitions are common in the mPOS terminals market, which can also affect the market share of individual players.

Mobile Point Of Sale Mpos Terminals Market  Trends

As of my knowledge cutoff in 2021, the global mobile point of sale (mPOS) terminals market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include:

1. Square, Inc.
2. PayPal Holdings, Inc.
3. Ingenico Group
4. Verifone Systems, Inc.
5. First Data Corporation
6. PAX Global Technology Limited
7. Intuit, Inc.
8. iZettle AB (owned by PayPal Holdings, Inc.)
9. SumUp Holdings AG
10. Bixolon Co., Ltd.

Other notable players in the market include Mswipe Technologies Pvt. Ltd., Spire Payments, Payleven, and Bitel Co., Ltd.As of my knowledge cutoff, Square, Inc. was the market leader in the mPOS terminals market, with a 31% share of the market in 2019, according to a report by Persistence Market Research. PayPal Holdings, Inc. was the second-largest player in the market, with a 22% market share, followed by Ingenico Group and Verifone Systems, Inc.The market share of each player is expected to fluctuate over time, as the market continues to evolve and new players enter the market. Additionally, mergers and acquisitions are common in the mPOS terminals market, which can also affect the market share of individual players.

Mobile Point Of Sale Mpos Terminals Market Driving factors

1. Increasing Demand for Cashless Transactions: The demand for cashless transactions is increasing globally, driven by factors such as convenience, security, and the need to reduce the risk of COVID-19 transmission. This is driving the adoption of mPOS terminals that can accept card payments.
2. Growing Adoption of Mobile Devices: The increasing adoption of mobile devices such as smartphones and tablets is driving the demand for mPOS terminals that can be easily integrated with these devices, allowing businesses to accept card payments on the go.
3. Rise of E-commerce: The growth of the e-commerce industry is driving the demand for mPOS terminals that can accept card payments both online and offline.
4. Expansion into Emerging Markets: As the market for mPOS terminals matures in developed countries, vendors are increasingly expanding into emerging markets where there is high potential for growth.
5. Increasing Popularity of Contactless Payments: The popularity of contactless payments is increasing globally, driven by factors such as convenience, speed, and the need to reduce the risk of COVID-19 transmission. This is driving the adoption of mPOS terminals that support contactless payments.
6. Cost-Effectiveness: mPOS terminals are generally more cost-effective than traditional point of sale (POS) systems, making them an attractive option for small and medium-sized businesses.
7. Regulatory Support: Governments and regulatory bodies in many countries are promoting the adoption of cashless transactions and electronic payments, providing support for the growth of the mPOS terminals market.

These factors are expected to continue driving the growth of the mPOS terminals market in the coming years, as businesses and consumers continue to adopt new payment technologies and regulatory support for cashless transactions continues to increase.

Mobile Point Of Sale Mpos Terminals Market  Reginal Analysis

As of my knowledge cutoff in 2021, the global mobile point of sale (mPOS) terminals market can be analyzed by region. Here are some of the key regional insights:

1. North America: North America is expected to hold a significant share of the global mPOS terminals market, driven by the high adoption of advanced payment technologies and the strong presence of major market players in the region.
2. Europe: Europe is expected to hold a significant share of the global mPOS terminals market, driven by the increasing demand for contactless payments and the growing trend towards cashless transactions.
3. Asia Pacific: The Asia Pacific region is expected to witness significant growth in the mPOS terminals market, driven by the increasing adoption of mobile devices and the growing e-commerce industry in the region. Countries like China and India are expected to contribute significantly to the growth of the market.
4. Middle East and Africa: The Middle East and Africa region is expected to witness significant growth in the mPOS terminals market, driven by the increasing adoption of electronic payment technologies and the growing demand for cashless transactions in the region.
5. Latin America: The Latin America region is also expected to witness significant growth in the mPOS terminals market, driven by the increasing adoption of mobile devices and the growing e-commerce industry in the region.

These regional insights provide a broad overview of the global mPOS terminals market and the various factors that are driving its growth in different regions. However, it is important to note that the market dynamics and trends can vary significantly within each region, depending on factors such as regulatory environment, consumer preferences, and the level of technology adoption in different countries.

Mobile Point Of Sale Mpos Terminals Market  Forecasts 2030

As of my knowledge cutoff in 2021, the global mobile point of sale (mPOS) terminals market is expected to witness significant growth in the coming years. According to market research reports, the market size of the mPOS terminals market is expected to reach USD 90.20 billion by 2030, growing at a CAGR of 17.2% during the forecast period of 2021-2030.The growth of the market is expected to be driven by several factors, including the increasing adoption of cashless transactions, the growing trend towards mobile devices and contactless payments, the rise of the e-commerce industry, and the cost-effectiveness of mPOS terminals compared to traditional POS systems. In addition, the market is also expected to witness significant growth in emerging markets, where there is high potential for growth.The COVID-19 pandemic is also expected to have a significant impact on the mPOS terminals market, as businesses and consumers increasingly adopt new payment technologies to reduce the risk of virus transmission. The growing popularity of contactless payments is expected to drive the demand for mPOS terminals that support these payment methods.Overall, the mPOS terminals market is expected to witness significant growth in the coming years, driven by a range of factors including increasing demand for cashless transactions, growing adoption of mobile devices, and regulatory support for the adoption of electronic payments.

Mobile Point Of Sale Mpos Terminals Market Key Industry Players

As of my knowledge cutoff in 2021, some of the key players operating in the global mobile point of sale (mPOS) terminals market include:

1. Ingenico Group: A global leader in payment solutions, offering a range of mPOS terminals and mobile payment solutions.
2. Verifone: A leading provider of payment and commerce solutions, offering a range of mPOS terminals and payment software.
3. Square, Inc.: A leading provider of payment and commerce solutions, offering a range of mPOS terminals, payment processing software, and other payment solutions.
4. PayPal Holdings, Inc.: A leading provider of online payment solutions, offering a range of mPOS terminals and mobile payment solutions.
5. PAX Technology Limited: A leading provider of payment terminals and payment solutions, offering a range of mPOS terminals and mobile payment solutions.
6. SumUp: A provider of mobile point of sale solutions for small businesses, offering a range of mPOS terminals and payment processing software.
7. iZettle: A provider of mobile payment solutions, offering a range of mPOS terminals and payment processing software.
8. Payleven: A provider of mobile payment solutions, offering a range of mPOS terminals and payment processing software.

These companies are among the leading players in the global mPOS terminals market, offering a range of solutions to meet the needs of businesses of all sizes. Other players in the market include major payment processors, technology companies, and financial institutions, all of whom are competing to capture a share of the growing market for mobile payment solutions.