Mobile Point Of Sale (mPOS) Market Increasing at A Phenomenal Pace to Reach $104.91 Billion By 2032

Major companies mobile Point Of Sale (mPOS) devices market are Samsung Electronics Co. Ltd., HP Inc., Panasonic Corporation, NCR Corporation, Lenovo Group Limited, Toshiba Corporation amongst others. These players are set to bolster the development of global mobile Point Of Sale (mPOS) market.

According to Zion Market Research, the global Mobile Point of Sale (mPOS) Market was worth USD 41.28 Billion in 2023. The market is forecast to reach USD 104.91 Billion by 2032, growing at a compound annual growth rate (CAGR) of 10.92% during the forecast period 2024-2032.

This review is based on a report by Zion Market Research, titled “Mobile Point Of Sale (mPOS) Market by Component (Hardware and Software), by Deployment (On-Premise and Cloud) by End Use Industry (Retail, Hospitality, Transportation, Healthcare, Entertainment and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023-2032.”

Demand for Cashless and Contactless Payments To Spur Growth

“Rising demand for contactless and cashless payments, along with the need for inventory monitoring, customer and employee management, and in-store sale and online unification will garner the growth for mobile Point Of Sale (mPOS) devices market in the years ahead,” says the author of this study. Apart from this, the growing usage of smart phones has boosted demand for portable POS systems is one of the factors driving growth in this market throughout the forecast period.

In addition to this, the rise in the financial frauds has influenced government bodies across the world to protect and safeguard the payment transactions. The market for secure payment systems has grown as consumers demand stable and safe digital transactions. As a result, these regulatory authorities have had a positive effect on the implementation of POS terminals in their respective regions. The global mobility trend is one of the factors due to which the market for mPOS devices is gaining popularity. This will create market opportunities for mobile Point Of Sale (mPOS) in the upcoming years.

Increased adoption of mPOS across various industries in the Region Support North American Growth

Regionally, North America has been one of leading the worldwide mobile Point Of Sale (mPOS) devices market and is anticipated to continue to grow in the years to come, states the mobile Point Of Sale (mPOS) devices market study. This share is attributable to the adoption of mobile POS devices across various industries particularly entertainment, healthcare and retail. The USA holds a major share in the North American mobile POS devices market. For many years now, various types of mobile POS devices have been used in stores and outlets in the country, which has boosted the need to update the existing technologies with new ones.

Browse the full “Mobile Point of Sale (mPOS) Market by Component (Hardware and Software), by Deployment (On-Premise and Cloud) by End Use Industry (Retail, Hospitality, Transportation, Healthcare, Entertainment and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.” Report at https://www.zionmarketresearch.com/report/mobile-point-of-sale-mpos-market

The global mobile Point Of Sale (mPOS) devices market is segmented as follows:

By Component

• Hardware
• Software

By Deployment

• On-Premise
•  Cloud

By End Use Industry

• Retail
• Hospitality
• Transportation
• Healthcare
• Entertainment
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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