The mobile point-of-sale (mPOS) terminals market size was valued at USD 43.45 billion in 2024. The market is projected to grow from USD 48.26 billion in 2025 to USD 127.04 billion by 2034, exhibiting a CAGR of 11.4% during the forecast period.
A smartphone, tablet, or wireless device that wirelessly performs the operations of cash registers or electronic POS terminals is referred to as a mobile POS terminal. The market for mobile POS terminals has expanded recently due to enhanced deployments in major retailers across a variety of shop layouts in regional markets.
One of the factors propelling the use of mPOS terminals is the convergence of mobile and online payment channels at a time of rapid expansion in the mobile app and smartphone sector. The growing focus that businesses are placing on enhancing the customer experience is a significant element driving the market for mobile POS terminals. Long check-out lines in supermarkets and stores often frustrate customers and waste their time. Mobile POS solutions are being implemented, allowing customers to purchase items directly from the main product area of the store and make digital payments, eliminating the need to wait in long lines to tackle this problem. This improves customer satisfaction, leading to increased brand loyalty and trust.
For instance, in November 2023, Shopify reported a 35% year-over-year growth in e-commerce sales. The company leverages mPOS systems to unify online and in-store transactions, synchronize inventory, and provide consistent checkout experiences, driving its operational efficiency and customer satisfaction. Therefore, businesses are quickly moving away from traditional systems and adopting smartphone and tablet POS options.
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Cloud-based point-of-sale (POS) systems have emerged as a transformative solution in the e-commerce and retail industries, offering unparalleled flexibility, scalability, and cost efficiency compared to traditional POS systems. Their key advantages include automatic software updates, robust security features, and remote accessibility to real-time data. Businesses benefit from the ability to customize these systems to suit specific operational needs, such as incorporating new payment methods or seamlessly integrating with other applications. This adaptability streamlines operations and improves overall efficiency.
Cloud-based POS systems stand out for their seamless integration with tools such as warehouse management system, CRM, and marketing automation. This integration centralizes data, enhances decision-making, and boosts profitability by reducing inefficiencies. These systems are crucial for providing consistent customer interactions across different sales channels with the rise of e-commerce and the demand for omnichannel retail experiences.
For instance, in September 2024, Transaction Media Networks, Inc. (TMN) introduced its Cloud POS system to KUSURI NO AOKI Holdings Co., Ltd. (KUSURI NO AOKI) with the launch at two new locations. This marks the first deployment of TMN's cloud-based POS in a physical store, with plans for further expansion in the future. Thus, cloud-based POS systems are becoming essential for operational excellence and meeting changing consumer expectations as more businesses adopt this technology.
The increasing demand for automation of business processes is driving the growth of the mobile point-of-sale (mPOS) terminals market. Businesses across various sectors are adopting mPOS systems to streamline operations, improve efficiency, and reduce manual intervention. mPOS terminals allow for quicker and more accurate transactions, which enhances the customer experience while reducing errors and operational costs. The versatility of mPOS systems, which integrate seamlessly with inventory management, customer relationship management (CRM), and other business applications, further boosts their adoption as companies seek to modernize and automate their processes.
For instance, in June 2024, Posiflex Technology Inc. launched the Opera MT-6200 Series, a mobile POS tablet for industries such as retail and logistics. Featuring Android 13 or Windows 11 IoT OS, the lightweight tablets come in 8" and 10.1" sizes, with USB Type-C dockability and accessory support for enhanced functionality. The trend of automating payment processes, along with a rise in mobile-first strategies, is contributing to the growing mPOS market demand.
The global mobile point-of-sale (mPOS) terminals market segmentation, based on component, includes hardware and software. The hardware segment dominated the global mobile point-of-sale (mPOS) terminals market in 2024 due to the widespread adoption of compact and portable mPOS devices across various industries. These devices provide cost-effective, on-the-go payment solutions, driving their demand among small and medium-sized enterprises (SMEs). Advancements in hardware, such as improved battery life, integration with biometric authentication, and enhanced connectivity options, also contributed to their popularity. Additionally, the rising preference for contactless and cashless payment methods accelerated the need for hardware-based mPOS systems, particularly in regions adopting digital payment infrastructure.
The global mobile point-of-sale (mPOS) terminals market segmentation, based on deployment type, includes on-premise and cloud-based. The cloud-based segment is expected to witness the fastest growth in the global mobile point-of-sale (mPOS) terminals market during the forecast period due to its scalability, cost-effectiveness, and ability to provide real-time data access. Cloud-based mPOS systems offer seamless updates, enhanced data security, and remote operational capabilities, making them ideal for businesses with multiple locations or those transitioning to omnichannel models. Furthermore, the integration of cloud systems with other business tools, such as inventory and customer relationship management software, streamlines operations and improves efficiency. The rising adoption of digital payment methods and the flexibility of cloud solutions in adapting to changing business needs are key factors driving their rapid growth.
By region, the study provides mobile point-of-sale (mPOS) terminals market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2024 due to the region's advanced digital payment infrastructure, high adoption of contactless payment technologies, and strong preference for mobile-based transactions among consumers. The increasing number of small and medium-sized businesses leveraging mPOS solutions for cost-effective operations further drives market growth. Additionally, robust technological advancements and widespread penetration of smartphones enhance the usability and demand for mPOS systems. The presence of key players and supportive government initiatives promoting cashless economies also contribute to the region's leadership in the mPOS market. For instance, in August 2024, California launched a mobile driver's license program via Google Wallet, enhancing mobile technology adoption. This initiative supports the broader integration of mobile solutions, indirectly boosting mPOS system usability.
Asia Pacific is expected to witness the fastest growth in the mobile point-of-sale (mPOS) terminals market due to rapid digital transformation and increasing adoption of cashless payment methods in countries such as China, India, and Japan. The expansion of the e-commerce sector, coupled with a growing number of small and medium-sized enterprises (SMEs), is driving demand for cost-effective and portable payment solutions. Additionally, government initiatives promoting digital payments and advancements in mobile technology are accelerating mPOS adoption. For instance, in 2024, the Central Banks of India, Malaysia, Thailand, Singapore, and the Philippines, with the Bank for International Settlements (BIS), announced plans to launch an instant cross-border retail payments platform by 2026. This initiative aims to link digital payment systems such as UPI and PayNow, enhancing cross-border transactions. Government efforts are expected to drive the adoption of mPOS systems by improving digital payment infrastructure in Asia Pacific. The region's large population, rising smartphone penetration, and increasing consumer preference for seamless transactions further contribute to this growth.
The competitive landscape of the mobile point-of-sale (mPOS) terminals industry features a mix of global leaders and regional players aiming to gain market share through technological innovation, strategic partnerships, and geographic expansion. Prominent companies such as Ingenico, Verifone, Oracle, PAX Technology, and Toshiba Global Commerce Solutions leverage advanced R&D capabilities and robust distribution networks to deliver innovative mPOS terminals with enhanced functionality such as contactless payments, integration with e-commerce platforms and secure transactions. Market trends indicate a surge in demand for compact and user-friendly mPOS solutions, driven by the growth of the retail and hospitality sectors, rising adoption of digital payments, and increased penetration of smartphones. Emerging technologies such as AI-based analytics, cloud integration, and NFC-enabled devices are transforming the market, providing more personalized and efficient payment solutions.
In emerging regions such as Asia Pacific, the mPOS market is witnessing the fastest growth, fueled by expanding small and medium-sized enterprises (SMEs), government initiatives for digital payment adoption, and a burgeoning e-commerce landscape. Competitive strategies include mergers and acquisitions, partnerships with financial institutions, and product innovations tailored to meet the specific needs of regional markets. These developments highlight the role of technology, adaptability, and targeted regional investments in driving the mPOS market forward. A few key major players are PAX Technology; Oracle; VeriFone, Inc.; HP Development Company, L.P.; PT. NEC Indonesia; Ingenico; Toshiba Global Commerce Solutions; Panasonic; and Posiflex; Squirrel Systems.
Oracle Corporation provides products and services that address enterprise information technology environments globally. Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain, as well as manufacturing management, enterprise resource planning (ERP), Oracle Advertising, NetSuite applications suite, Oracle Fusion cloud human capital management, and Oracle Fusion Sales, Service, and Marketing, are few of the cloud software programs included in the company's Oracle software as a service. It also provides licensed cloud-based business infrastructure solutions, middleware (which contains tools for development and other purposes), and enterprise databases such as Oracle and Java. Also, company provides Generative AI powered by state-of-the-art LLMs from Cohere, ensuring unparalleled data security, trusted performance, and versatile deployment options for text generation. Oracle's four main business divisions - cloud, license, hardware, and services - provide its database management systems and cloud-engineering services and solutions. In addition, the company also offers cloud-based industrial solutions for numerous industries, support services for Oracle licenses, and licenses for Oracle application software. The company provides its services to various industries such as automotive, communications, consumer goods, construction and engineering, energy and water, government and education, food and beverage, financial services, health, high technology, life sciences, hospitality, media and entertainment, industrial manufacturing, oil and gas, retail, public safety, wholesale distribution, travel and transportation, professional services among others.
Toshiba manufactures and distributes electronic devices, energy systems, social infrastructure, and digital solutions. It operates in electronic devices and storage solutions, retail and printing solutions, battery business, energy and infrastructure systems and solutions, building solutions, and digital solutions. The energy systems and solutions division provides power generation systems for nuclear and thermal power plants and transmission, generation, and distribution systems for renewable energy. Additionally, they offer escalators, elevators, ventilation, and lighting solutions for buildings and facilities. The retail and printing solutions segment offers barcode printers, inkjet heads, peripherals, and retail solutions. The battery company specializes in creating rechargeable lithium-ion battery cells and industrial battery packs and modules. The electronic devices and storage solutions segment provides high-capacity HDDs for data centers, automotive and industrial semiconductors, equipment, and related materials and devices. Finally, the digital solutions segment focuses on AI, IoT, and quantum-related technologies. Toshiba manufactures various consumer and business products.
March 2024: Verifone introduced updates to Verifone Central, including improved report navigation, Merchant Choice Routing (MCR) in Australia, and enhanced security with Multi-Factor Authentication. Other updates included refined role permissions, transaction handling features, and bug fixes for smoother functionality across platforms.
October 2024: Revolut launched the Revolut Terminal, a point-of-sale device that syncs with Revolut Business accounts for quick payments. It features reduced transaction costs and introduces Revolut Pay, allowing direct payments via the app while earning and redeeming RevPoints for discounts.
May 2023: CaixaBank became the first financial institution in Spain to launch an app that transforms mobile phones into point-of-sale devices, eliminating the need for additional hardware.
January 2022: Adyen launched mobile point-of-sale (POS) terminals for the US, UK, and Europe. These POS terminals are powered by Android and provide an all-in-one payment platform, along with an app management system.
By Component Outlook (Revenue, USD Billion, 2020–2034)
By Deployment Type Outlook (Revenue, USD Billion, 2020–2034)
By End Users Outlook (Revenue, USD Billion, 2020–2034)
By Regional Outlook (Revenue, USD Billion, 2020–2034)
Report Attributes |
Details |
Market Size Value in 2024 |
USD 43.45 billion |
Market Size Value in 2025 |
USD 48.26 billion |
Revenue Forecast by 2034 |
USD 127.04 billion |
CAGR |
11.4% from 2025 to 2034 |
Base Year |
2024 |
Historical Data |
2020–2023 |
Forecast Period |
2025–2034 |
Quantitative Units |
Revenue in USD billion and CAGR from 2025 to 2034 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Industry Trends |
Segments Covered |
|
Regional Scope |
|
Competitive Landscape |
|
Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
The global mobile point-of-sale (mPOS) terminals market size was valued at USD 43.45 billion in 2024 and is projected to grow to USD 127.04 billion by 2034.
The global market is projected to register a CAGR of 11.4% during the forecast period.
North America dominated the mobile point-of-sale (mPOS) terminals market in 2024 due to the region's advanced digital payment infrastructure, high adoption of contactless payment technologies, and strong preference for mobile-based transactions among consumers.
A few key players in the market are PAX Technology; Oracle; VeriFone, Inc.; HP Development Company, L.P.; PT. NEC Indonesia; Ingenico; Toshiba Global Commerce Solutions; Panasonic; and Posiflex; Squirrel Systems.
The hardware segment dominated the global mobile point-of-sale (mPOS) terminals market in 2024 due to the widespread adoption of compact and portable mPOS devices across various industries.
The cloud-based segment is expected to witness the fastest growth in the global mobile point-of-sale (mPOS) terminals market during the forecast period.