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Global Mobile POS Terminals Market Share, Size, Growth, Trends, Analysis, Forecast: By Component: Hardware, Software, Services; By Application: Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Mobile POS Terminals Market Outlook
The global mobile POS terminals market size reached a value of around USD 29.72 billion in 2022. The market is further expected to grow at a CAGR of 10.30% between 2023 and 2028, reaching a value of around USD 53.27 billion by 2028.
Key Trends in the Market
A mobile POS terminal or mPOS refers to a point of sale terminal that is portable and can be used from any location to facilitate point of sale activities such as product identification, billing, and payment. A mPOS terminal may be a dedicated device or in the form of software that can be installed on a mobile device such as a tablet or smartphone to facilitate point of sale tasks.
- One of the key mobile POS terminals market trends is the increasing prevalence of mobile and digital payment modes, supported by the growing penetration of smartphones and internet access. Mobile POS terminals are well suited for cashless online financial transactions, enabling companies to complete transactions away from bulky cash registers.
- The mobile POS terminals market growth is being significantly influenced by the growing focus of companies to enhance customer satisfaction. Time-consuming and crowded checkouts negatively influence the customer experience, and can be improved by the adoption of mobile POS solutions which speed up checkouts and enable the setup of additional pop-up checkouts as needed.
- Cloud-based mobile POS terminals are a growing trend in the market due to the flexibility they offer and their ability to interact with other retail and e-commerce software programmes. These terminals, for instance, may easily be combined with software for managing inventories, customer relationships, and marketing campaigns, among other tasks.
Global Mobile POS Terminals Market Analysis
Based on component, the market is divided into hardware, software, and services, with software sub-divided into cloud and on-premises. The mobile POS terminals market segmentation, on the basis of application, is restaurants, hospitality, healthcare, retail, warehouse, and entertainment, among others. The regional markets for mobile POS terminals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global mobile POS terminals market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- VeriFone, Inc.
- PAX Global Technology Limited
- Oracle Corporation
- Ingenico
- Block, Inc.
- New POS Technology Limited
- HP Development Company, L.P.
- Clover Network, Inc.
- PayPal Holdings, Inc.
- NEC Corporation
- Others
Global Mobile POS Terminals Market Share by Application
Healthcare applications are anticipated to witness significant growth in the mobile POS terminals global market during the forecast period, supported by the rapidly expanding healthcare sector, and increase in patient volumes. Custom mobile POS terminals are available that support healthcare applications, reducing the need of patients to wait in lengthy lines for care. Healthcare mobile POS terminals can be adapted to scan patient history, process payments, order medication, and aid in scheduling. As healthcare infrastructure experiences increased digitalisation, the usage of mPOS terminals in healthcare applications are expected to expand.
Global Mobile POS Terminals Market Share by Region
North America accounts for a sizable share of the global market for mobile POS terminals, supported by the strong demand from various end-users, early adoption of new technologies in countries in the region, and growing competition among companies. Strong presence of key players in the market are further bolstering the market for mobile POS terminals in countries such as the United States.
Meanwhile, the Asia Pacific market for mobile POS terminals is predicted to grow significantly over the next years, supported by increasing measures to encourage digital payments in emerging nations. Rising popularity of smartphones and tablets in countries like China and India, are further increasing the mobile POS terminals market demand.
Competitive Landscape
VeriFone, Inc. is a supplier of payment and commerce solutions with its headquarters in Florida in the United States. Established in 1981, the company creates, manufactures, and markets payment-related solutions including countertop payment terminals, point-of-sale (POS) terminals with PIN pads, integrated POS systems, and mobile POS hardware.
PAX Global Technology Limited, established in 2000 and headquartered in Shenzhen, China, is an innovative worldwide supplier of electronic payment solutions. It offers top-notch, affordable, and superior quality products, focusing on the creation, marketing, and selling of EFT-POS products and related services.
PayPal Holdings, Inc., headquartered in California in the United States, is a technological platform that facilitates digital payments and makes online shopping easier for individuals and businesses everywhere. The company's payment solutions help its clients communicate, conduct business, and send and receive payments whether they do it online or in person.
Other market players include Oracle Corporation, Ingenico, Block, Inc., New POS Technology Limited, HP Development Company, L.P., Clover Network, Inc., and NEC Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Mobile POS Terminals Market Analysis
8.1 Key Industry Highlights
8.2 Global Mobile POS Terminals Historical Market (2018-2022)
8.3 Global Mobile POS Terminals Market Forecast (2023-2028)
8.4 Global Mobile POS Terminals Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Type
8.4.2.3.1 Cloud
8.4.2.3.2 On-Premises
8.4.3 Services
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Mobile POS Terminals Market by Application
8.5.1 Restaurants
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Hospitality
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Healthcare
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Retail
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Warehouse
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Entertainment
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Mobile POS Terminals Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Mobile POS Terminals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Mobile POS Terminals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Mobile POS Terminals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Mobile POS Terminals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Mobile POS Terminals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 VeriFone, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 PAX Global Technology Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ingenico
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Block, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 New POS Technology Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HP Development Company, L.P.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Clover Network, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 PayPal Holdings, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 NEC Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Mobile POS Terminals Market: Key Industry Highlights, 2018 and 2028
2. Global Mobile POS Terminals Historical Market: Breakup by Component (USD Million), 2018-2022
3. Global Mobile POS Terminals Market Forecast: Breakup by Component (USD Million), 2023-2028
4. Global Mobile POS Terminals Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Mobile POS Terminals Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Mobile POS Terminals Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Mobile POS Terminals Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Mobile POS Terminals Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Mobile POS Terminals Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Mobile POS Terminals Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Mobile POS Terminals Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Mobile POS Terminals Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Mobile POS Terminals Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Mobile POS Terminals Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Mobile POS Terminals Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Mobile POS Terminals Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Mobile POS Terminals Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Mobile POS Terminals Market Structure
Key Questions Answered in the Report
In 2022, the market for mobile POS terminals attained a value of USD 29.72 billion.
The market is projected to grow at a CAGR of 10.30% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 53.27 billion by 2028.
The major drivers of the market include the increasing emphasis of businesses on improving customer experiences, rising demand for mPOS terminals in the retail sector, and increased demand from small and medium-sized businesses.
Growing popularity of online payment channels, rise in the adoption of cloud-based mobile POS terminals, and increasing applications in healthcare are the key trends propelling the growth of the market.
The major applications of mobile POS terminals in the market are restaurants, hospitality, healthcare, retail, warehouse, and entertainment, among others.
The primary components of mobile POS terminals in the market are hardware, software, and services.
The major players in the global mobile POS terminals market are VeriFone, Inc., PAX Global Technology Limited, Oracle Corporation, Ingenico, Block, Inc., New POS Technology Limited, HP Development Company, L.P., Clover Network, Inc., PayPal Holdings, Inc., and NEC Corporation, among others.
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