Global mPOS Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Retail, Hospitality and Transportation.

By End-User;

Small and Medium Enterprises and Large Enterprises.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn119426116 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global mPOS Market (USD Million), 2021 - 2031

In the year 2024, the Global mPOS Market was valued at USD 25,188.73 million. The size of this market is expected to increase to USD 66,356.75 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.8%.

The Global Mobile Point of Sale (mPOS) Market has emerged as a dynamic sector within the broader payments industry, revolutionizing how businesses conduct transactions and interact with customers. mPOS systems leverage mobile devices such as smartphones and tablets equipped with specialized software and hardware to facilitate secure and convenient payment processing anywhere, anytime.

Technological Advancements: Rapid advancements in mobile technology, including improved processing power, connectivity options, and security features, have propelled the growth of the mPOS market. These innovations enable businesses of all sizes to deploy cost-effective, portable payment solutions that rival traditional POS systems in functionality and efficiency. The integration of NFC (Near Field Communication), EMV (Europay, Mastercard, Visa) chip technology, and secure encryption protocols ensures robust security for financial transactions, fostering trust among users and businesses alike.

Market Drivers: Key drivers of the mPOS market include the increasing adoption of smartphones and tablets globally, which serve as the primary platforms for mPOS solutions. Small and medium-sized enterprises (SMEs) are particularly embracing mPOS systems due to their affordability, flexibility, and ability to enhance customer service by reducing checkout times and improving transaction accuracy. Moreover, the demand for contactless payments and the shift towards digital transactions, accelerated by the COVID-19 pandemic, have further boosted the adoption of mPOS solutions across various industries.

Industry Applications: The mPOS market spans multiple industry verticals, including retail, hospitality, transportation, healthcare, and more. In retail, mPOS systems streamline checkout processes, enable mobile inventory management, and enhance customer engagement through personalized experiences. In hospitality, these systems facilitate table-side ordering, mobile payments, and seamless integration with reservation systems, improving service efficiency and guest satisfaction. Similarly, in transportation and healthcare, mPOS solutions support ticketing, patient billing, and logistics management, optimizing operational workflows and enhancing service delivery.

Global Expansion: Geographically, North America and Europe currently dominate the mPOS market due to early adoption and robust technological infrastructure. However, the Asia Pacific region is experiencing rapid growth driven by expanding retail and hospitality sectors, increasing smartphone penetration, and rising demand for digital payment solutions in emerging economies. Latin America, the Middle East, and Africa also present untapped opportunities for mPOS vendors, driven by the growing adoption of mobile technology and the need for flexible payment solutions in diverse business environments.

In conclusion, the Global mPOS Market continues to evolve as a pivotal component of the digital payments ecosystem, driven by technological innovation, shifting consumer preferences, and the widespread adoption of mobile devices. As businesses seek to adapt to a more digital and connected world, mPOS systems are poised to play a crucial role in enhancing operational efficiency, customer satisfaction, and overall business agility across diverse industry sectors worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global mPOS Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Mobile Device Proliferation
        2. Contactless Payments Adoption
        3. SMEs' Cost Efficiency
        4. Enhanced Customer Experience
      2. Restraints
        1. Security and Privacy Concerns
        2. Connectivity Issues
        3. Regulatory Compliance Challenges
        4. Limited Offline Functionality
      3. Opportunities
        1. Emerging Markets Expansion
        2. Integration with AI and IoT
        3. Partnership with Fintech Startups
        4. Enhanced Data Analytics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global mPOS Market, By Application, 2021 - 2031 (USD Million)
      1. Retail
      2. Hospitality
      3. Transportation
    2. Global mPOS Market, End User, 2021 - 2031 (USD Million)
      1. Small and Medium Enterprises
      2. Large Enterprises
    3. Global mPOS Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ingenico
      2. PAX Global Technology
      3. Toshiba TEC
      4. VeriFone Systems
      5. Miva Inc
  7. Analyst Views
  8. Future Outlook of the Market