Mobile Point-Of-Sale (mPOS) Terminals Market Size Worth USD 127.04 Billion by 2034 | CAGR:11.4%

The mobile point-of-sale (mPOS) terminals market size is expected to reach USD 127.04 billion by 2034, according to a new study by Polaris Market Research. The report “Mobile point-of-sale (mPOS) terminals Market Size, Share, Trends, Industry Analysis Report: By Component (Software, Hardware), Deployment Type, End Users, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising adoption of contactless payments is driving the mobile point-of-sale (mPOS) terminals market as consumers increasingly prefer fast, secure, and convenient payment methods. Contactless transactions reduce checkout times, improve customer experience, and enhance the overall efficiency of payment processing. mPOS systems, which support tap-and-go payments, are becoming essential for merchants seeking to meet consumer demand for easy and secure transactions. This trend is expected to fuel market growth as more retailers and businesses adopt mPOS solutions.

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The growing use of mobile wallets and digital payment platforms is a key mPOS terminals market trend. Businesses are increasingly adopting mPOS systems that can integrate with these payment methods as consumers embrace mobile payments through platforms such as Apple Pay, Google Pay, and other digital wallets. This shift towards digital wallets is driven by the convenience, security, and speed they offer. With a broader consumer base adopting mobile wallets for everyday transactions, the demand for mPOS terminals capable of processing such payments is expected to grow, further boosting market expansion.

Top of FormMobile Point-Of-Sale (mPOS) Terminals Market Report Highlights

• In terms of component, the cloud-based segment is projected to experience the highest growth in the global mobile point-of-sale (mPOS) terminals market during the forecast period, driven by its scalability, cost-efficiency, and ability to provide real-time data access.
• North America led the mobile point-of-sale (mPOS) terminals market in 2024, owing to its advanced digital payment infrastructure, widespread adoption of contactless payment technologies, and strong consumer preference for mobile-based transactions.
• Asia Pacific is expected to register the fastest growth in the mPOS terminals market. This growth is fueled by rapid digital transformation and increasing adoption of cashless payment methods in countries such as China, India, and Japan.
• The hardware segment held the largest share in the global mobile point-of-sale (mPOS) terminals market in 2024, driven by the extensive use of compact and portable mPOS devices across multiple industries.
• A few global key market players include PAX Technology; Oracle; VeriFone, Inc.; HP Development Company, L.P.; PT. NEC Indonesia; Ingenico; Toshiba Global Commerce Solutions; Panasonic; and Posiflex; Squirrel Systems.

Polaris Market Research has segmented the mobile point-of-sale (mPOS) terminals market report on the basis of component, deployment type, end users, and region:

By Component Outlook (Revenue, USD Billion, 2020–2034)

• Software
• Hardware

By Deployment Type Outlook (Revenue, USD Billion, 2020–2034)

• On-Premise
• Cloud-Based

By End Users Outlook (Revenue, USD Billion, 2020–2034)

• Retail
• Restaurant
• Healthcare
• Hospitality
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Mobile Point-Of-Sale (mPOS) Terminals Report Scope