Global Mobile Point-of-Sale (mPOS) Terminals Market by Type (Non-smart POS, Smart POS), By Application (Retail, Restaurant, Hospitality, Other Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global mobile point-of-sale (mPOS) terminals market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mPOS terminals from retail, restaurant, and hospitality sectors across the globe. Additionally, the growing trend of cardless transactions is also contributing to the growth of this market. The global mobile point-of-sale (mPOS) terminals market can be segmented on the basis of type into non-smart POS and smart POS terminals. The non-smart POS terminal segment is expected to hold a larger share in this market during the forecast period owing to its low cost as compared to smart POS terminals.



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Product Definition:

A Mobile Point-of-Sale (mPOS) Terminal is a device that allows merchants to accept payments via credit or debit cards by swiping the card through the device, similar to how one would do so when using a traditional point-of-sale terminal. mPOS terminals are often small and portable, making them ideal for businesses that sell items or services away from a fixed location, such as food trucks and street vendors. Additionally, because they rely on mobile devices like smartphones and tablets instead of dedicated hardware, mPOS terminals can be more cost effective than traditional POS systems.

Non-smart POS:

Non-smart POS, also known as legacy POS or in-line POS (iPOS) is a device that helps to process payment and inventory management. It's used at retail outlets, restaurants, hotels and other places where cash register is the primary business function. The major factor driving the market growth includes increasing adoption of mPOS terminals due to its low cost compared to smart terminals along with ease of use offered by these devices for consumers while making payments or when checking out at stores.

Smart POS:

Smart POS is a software platform that enables merchants to effectively manage their business and enhance the customer experience. It provides features such as inventory management, sales analysis, labor management, reporting capabilities along with payment processing. The mPOS terminals are connected to the cloud-based server where all these information are stored and can be accessed by any authorized person from any location.

Application Insights:

The retail segment dominated the global mobile point-of-sale (mPOS) terminals market in 2017 and is expected to maintain its dominance over the forecast period. The growing e-commerce industry has led to an increased need for cashless transactions at a store level, which is driving the adoption of mPOS terminals. Furthermore, increasing investments by companies such as Samsung and Huawei in developing countries are expected to drive growth over the forecast period.

For instance, in July 2018, Huawei Technologies Co., Ltd., launched Mate 20 Pro smartphone with EMVCo payment technology support across various regions including Europe, Middle East and Africa. Such initiatives by major players are anticipated to fuel demand over the coming years.

Regional Analysis:

The market in Asia Pacific is expected to grow at the highest rate over the forecast period. The growth can be attributed to increasing demand for mPOS terminals from various end-use industries, such as retail and hospitality. Increasing number of retailers in developing countries like India and China is driving the regional market. Furthermore, rising adoption of mobile POS technology by small & medium enterprises (SMEs) will drive growth over the forecast period.

The European region accounted for a significant share in 2017 owing to high adoption of mPOS terminals among payment solution providers and financial institutions operating across various sectors including retail, transportation, healthcare & life sciences, government & education etc. Moreover, presence of prominent players such as NCR Corporation; Diebold Inc.; Toshiba Global Commerce Solutions; IBM; NCR Corporation; American Dynamics ATMs Group Inc.; Cashpoint Ltd.; BPMoney ATM S.A.; Eurotech Automation Products Pty Ltd., etc.

Growth Factors:

Increasing demand for mPOS terminals from small and medium-sized businesses (SMBs) due to the growing trend of online shopping and the need for faster, more efficient checkout processes.
The increasing popularity of mobile payments, which is benefiting the mPOS terminal market as these devices are often used for making such payments.
The rising number of merchant locations that are accepting contactless payments, as this is a key feature of many mPOS terminals.
The growing demand for cloud-based POS solutions, which can be accessed by merchants from any location with an internet connection, further fuelling the growth of the mPOS terminal market.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Point-of-Sale (mPOS) Terminals Market Research Report
By Type
Non-smart POS, Smart POS
By Application
Retail, Restaurant, Hospitality, Other Industry
By Companies
Ingenico, Verifone, Newland Payment, PAX, Centerm, LIANDI, Xin Guo Du, Castles Tech, Bitel, New POS Tech, CyberNet, SZZT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.

Global Mobile Point-of-Sale (mPOS) Terminals Market Report Segments:
The global Mobile Point-of-Sale (mPOS) Terminals market is segmented on the basis of:
Types
Non-smart POS, Smart POS
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Restaurant, Hospitality, Other Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Ingenico
Verifone
Newland Payment
PAX
Centerm
LIANDI
Xin Guo Du
Castles Tech
Bitel
New POS Tech
CyberNet
SZZT



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Highlights of The Mobile Point-of-Sale (mPOS) Terminals Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Non-smart POS
Smart POS
By Application:
Retail
Restaurant
Hospitality
Other Industry
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mobile Point-of-Sale (mPOS) Terminals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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