The mobile point of sale (POS) terminal market is anticipated to grow at a CAGR 15.2% during the forecast period. The mobile POS terminals are incorporated mobile equipment such as smartphones and tablets which works as electronic POS terminals and this mobile equipment can be changed into a compensation terminal through the use of dongles. These mobile equipment are equipped with utilities includes Wi-Fi, smart-card, voice over internet protocol and radio frequency identification. Additionally, it is utilized to administer, send and receive invoices, assets, and dispatch digitizes notes. These abilities allow a mobile point of sale terminal to acknowledge payment through wireless applications. 

Technical advancement in payment technologies with a shift towards the master card, visa and euro pay is anticipated to boost the growth of the mobile POS terminal market during the forecast period. Moreover, factors such as the growing number of cashless transactions and an increasing need for digital payment is fuelling the growth of the mPOS terminal market. Mobile POS solutions aid users to conduct financial transactions at remote locations along with convenience. It is also capable of accepting payments through contactless cards, NFC enabled cards and EMV chip-enabled cards. Advancement in technology, growing internet penetration and increasing proliferation of mobile devices propel the adoption of mobile point of sale terminals.  

Moreover, factors such as rising the demand for wearable and portable devices along with integration in the sales channel, growing adoption of android POS devices and cloud-based services are expected to fuel the mobile point of sale terminal market during the forecast period. Furthermore, multinational companies are setting up the mobile point of sale services technology. The mobile point of sale terminal is utilized by businesses to aid faster checkouts. These terminals offer faster checkouts during high volume a transaction that leads to better customer experience. It is integrated with mobile devices includes tablets and smartphones that provide advantages such as higher workforce efficiency, improve customer experience and decrease serving time and these terminals are connected to an inventory management system to enhance efficiency. 

Segmental Outlook 

The global mobile POS market is segmented on the basis of type and end-user. Based on the type, the market is bifurcated into cloud-based and on-premise. Rising adoption of cloud-based mobile point of sale solution is also boosting the growth of the market during the forecast period. Based on end-user, the market is segmented into retail, healthcare, hospitality, transportation, other end-users such as entertainment, and inventory & warehousing.

Retail will be the largest segment by end-user

The retail sector is expected to have the largest segment in the mobile point of sale terminal market during the forecast period. Due to growing demand from a large supermarket, grocery and departmental stores, specialty retail stores and among others is fuel the growth of the market. The utilization of point of sale terminal in the retail sector offers faster services and data regarding past transaction that provide customer loyalty solutions. The retail segment is turning to mobile point of sale solutions that lead to the high volume of checkouts. 

Global Mobile Point of Sale Terminal Market Share by End-User, 2018 (%)

Regional Outlooks

The global mPOS terminal market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to be a significant market share in the mobile point of sale terminal market during the forecast period. Owing to the rising adoption of increased NFC and EMV enabled devices that result in the reduction of frauds and security breaches regarding payments are propelling the growth in the region. Growing penetration of mobile devices and increasing acceptance through small and medium-sized business boost the growth of the mobile point of sale terminal market. Additionally, utilization of point of sale terminal in various industries includes retail, healthcare, and hospitality that accelerate its adoption in the region.

Global Mobile Point of Sale Terminal Market Growth, by Region 2019-2025

Asia-Pacific will augment with the fastest rate

The market in Asia-Pacific is expected to have the fastest growth rate in the mobile point of sale terminal market during the forecast period due to rising demand from India & China and increasing preference for connectivity and portability. Further, growing demand across various application areas are key driving forces in this region. 

Market Players Outlook

The key players of mobile point of sale terminal market include Hewlett-Packard Co., VeriFone Systems Inc., Cisco Systems, Inc., NCR Corp., Samsung Electronics Co., Ingenico S.A., Oracle Corp., PAX Technology, Ltd., Toshiba Corp., Panasonic Corp., NEC Corp., Squirrel Systems and Zebra Technologies Corp. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global mobile point of sale terminal market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.