Mobile POS Device Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

According to the report published by Zion Market Research, the global Mobile POS Device market size was valued at USD 35.99 billion in 2022 and is predicted to reach USD 72.87 billion by the end of 2030. The market is expected to grow with a CAGR of 9.22% during the forecast period. The report analyzes the global Mobile POS Device market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Mobile POS Device industry.

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Global Mobile POS Device Market: Overview

A mobile POS device is a tablet, smartphone, or dedicated wireless device that can perform the function of an electronic point of sale terminal or cash register. These devices are widely used by the retailers at trade shows, with limited floor space, seeking to evolve the customer experience, and wanting to streamline the sales process. Mobile POS devices are increasingly convenient for use in several businesses including street vendors, small businesses, and businesses on the move.

Global Mobile POS Device Market: Growth Factors

The global mobile POS device market is growing at a substantial rate. The rapid adoption of mobile POS devices by the retailers, rise in use of smartphones & tablets, and growing internet connectivity in developing countries are the key factors that are augmenting the growth of the global mobile POS device market. The use of mobile POS devices enables the employees to check out access inventory information or customers from anywhere within the store. In addition to this, the mobile POS device offers a wide range of benefits. It makes it easy for the customers to pay, gives employees more flexibility, no long-term commitments, easy to set up & use, stays close to the customer, and sells more products.

In addition to this, it also simplifies the expenses & fees. Most of the traditional POS systems use a computer running POS software. A receipt printer and cash drawer are linked by the computer. Such systems cost higher. On the other hand, mobile POS devices simplify things by providing a single rate. Owing to all such beneficial factors, there is a rise in the demand for mobile POS devices, thereby boosting the growth of the global market. Moreover, the increase in the trend of digitalization, rise in e-commerce sales, and developing infrastructure are also the factors that are driving the growth of the market. In addition to this, the rise in technological advancements for upgrading the features will create huge opportunities for the growth of the global mobile POS device market over the forecast period. However, concerns regarding data security may restrain the growth of the global mobile POS device market.

The global mobile POS device market is benefited by the Covid-19 pandemic. Most of the cities across the countries were under complete lockdown and had to follow strict rules of stay-at-home orders. The retail stores are compulsorily shut down. Consumers had to rely on online sales to buy essential goods. The e-commerce platforms also increased during the pandemic to fulfill the demand of the consumers. All such factors led to a rise in demand for mobile POS devices ultimately contributing to the growth of the market.

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Global Mobile POS Device Market: Segmentation

The global mobile POS device market is categorized based on the terminal, technology, and region.

Based on the terminal, the global market is classified into restaurants, healthcare, transportation & warehouse, hospitality, sports & entertainment, and retail.

Based on the technology, the global mobile POS device market is divided into Ethernet, Near Field Communication (NFC), hybrid technology solutions, chip & sign, biometric, Bluetooth, magnetic stripe, and EMV chip & pin.

Global Mobile POS Device Market: Regional Analysis

Geographically, North America is anticipated to hold the largest share in the global mobile POS device market over the forecast period. Factors such as the rise in the use of digital services, the presence of well-established network infrastructure, and the increase in the demand for mobile POS devices by the retailers are majorly contributing to the growth of the market in this region. Europe is expected to hold a significant share in the market. This is attributable to the adoption of mobile POS devices at a rapid pace and the increase in the use of tablets & smartphones. On the other hand, Asia Pacific market is estimated to grow at a faster rate due to the rise in digitalization, increase in the use of e-commerce platforms for shopping, and growing penetration of the internet.

Mobile POS Device Market: Report Scope

Mobile POS Device Market: Competitive Analysis

The global Mobile POS Device Market is led by players like:

• MICROS Systems
• Hewlett-Packard Company
• FEITIAN Technologies Co., Ltd.
• Cisco Systems, Panasonic Corporation
• KC Industrial Co., Ltd.
• First Data Corporation
• E-SETTLEMENT LIMITED
• Transaction Technologies Pte. Ltd.
• PAX Technology Limited

The global Mobile POS Device Market is segmented as follows:

By Terminal

• restaurants
• healthcare
• transportation & warehouse
• hospitality
• sports & entertainment
• retail

By Technology

• Ethernet
• Near Field Communication (NFC)
• hybrid technology solutions
• chip & sign
• biometric, Bluetooth
• magnetic stripe
• EMV chip & pin

Global Mobile POS Device Market: Regional Segment Analysis

• 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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.