MPOS Terminals Market Report 2025

The mPOS terminals market size has grown rapidly in recent years. It will grow from $40.53 billion in 2024 to $47.91 billion in 2025 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to emergence of smart devices, shift in payment behavior, market entry of new players, regulatory changes, market consolidation.

The mPOS terminals market size is expected to see exponential growth in the next few years. It will grow to $99.73 billion in 2029 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to market penetration, rise in digital transactions, e-commerce integration, remote work and transactions, consumer behavior shifts. Major trends in the forecast period include AI and analytics integration, cloud-based mPOS solutions, contactless and NFC payments, IoT integration, shift to software-as-a-service (SaaS) models.

The increasing adoption of digital payments is anticipated to enhance the growth of the mPOS terminal market in the future. Digital payments refer to transactions conducted online or through digital channels without the physical exchange of money. Mobile POS systems can process payments via digital wallets through near-field communication (NFC), which facilitates contactless payments by allowing users to wave one device over another NFC-compatible device. For example, a report from the World Bank, a U.S.-based provider of financial products and technical assistance, revealed that as of 2021, 76% of adults globally had an account with a bank, financial institution, or mobile money provider. Additionally, a 2022 survey by McKinsey & Company indicated that digital payment penetration increased to 89% in 2022, with the percentage of respondents using two or more forms of digital payments rising sharply from 51% in 2021 to 62%. Therefore, the growing use of digital payments is driving the expansion of the mPOS terminal market.

The rising adoption of EMV cards is expected to drive the growth of the mPOS terminal market in the coming years. EMV cards, commonly referred to as chip cards or smart cards, are credit or debit cards equipped with an embedded microchip that securely stores encrypted payment information. mPOS terminals are designed with security in mind and support all the latest EMV security protocols. For example, in August 2023, EMVCo, a U.S.-based non-governmental organization, reported that by the end of 2022, there were 12.8 billion EMV chip cards in circulation globally, marking a 7% increase from the previous year. Furthermore, the report indicated that 69% of all issued cards worldwide were EMV-enabled, and 93% of card-present transactions globally utilized EMV chip technology. Thus, the growing use of EMV cards is propelling the expansion of the mPOS terminal market.

A key trend in the mPOS terminal market is technological advancement, with major companies focusing on developing advanced solutions to stay competitive. Square, a US-based business tools manufacturer, introduced Square for Restaurants mobile POS in May 2022. This solution caters to restaurants, particularly full-service restaurants (FSRs), by enhancing operational efficiency and boosting revenues. The Square for Restaurants mobile POS enables quick order and payment processing at the table or in line, even during staffing shortages, contributing to increased revenue and improved table turnover.

Major companies in the mPOS terminal market are concentrating on developing innovative platforms, such as the mPOS platform, to gain a competitive advantage. An mPOS platform is a software application allowing businesses to accept payments using mobile devices such as smartphones or tablets. SumUp, a UK-based financial technology company, launched SumUp Terminal Payment SDKs for iOS and Android in May 2023. This platform allows developers to integrate SumUp's payment platform and proprietary card terminals into mobile and web applications. The integration empowers businesses to avoid the purchase and maintenance of payment terminals, offering more control over the payment process's appearance and functionality.

In June 2023, Renesas Electronics Corporation, a Japan-based semiconductor manufacturer, acquired Panthronics AG for an undisclosed amount. This acquisition is expected to provide Renesas with in-house expertise in NFC technology, enabling the company to swiftly capitalize on growing market opportunities. Panthronics AG, based in Austria, specializes in wireless solutions for security, IoT applications, and mPOS terminals.

Major companies operating in the mPOS terminals market include Ingenico Group, PAX Global Technology Limited, NCR Corporation, Oracle Corporation, VeriFone Inc., AURES Group, Fiserv Inc., Intuit Inc., New POS Technology Ltd., Newland Auto-ID Tech. Co. Ltd., Panasonic Holdings Corporation, PAR Technology, Posiflex Technology Inc., Square Inc., Zebra Technologies Corp., BBPOS Limited, Bitel Co. Ltd., Diebold Nixdorf Incorporated, Fujian Newland Payment Technology, HP Development Company L.P., Micros Systems Inc., NEC Corporation, SAMSUNG ELECTRONICS, Shenzhen Zhengtong (SZZT) Electronics Co Ltd, Adyen N.V., iZettle AB, PayPal Inc., Sage Pay Limited, SumUp Payments UAB.

North America was the largest region in the mPOS terminals market in 2024. The regions covered in the mpos terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mpos terminals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

mPOS (mobile point-of-sale) terminals encompass smartphones, tablets, or other wireless devices designed to wirelessly perform the functions of a cash register or electronic point-of-sale terminal (POS terminal). These terminals facilitate the acceptance of payments from digital wallets, credit cards, debit cards, and other card types.

The primary components of mPOS terminals include POS terminals, POS software, and associated services. A point-of-sale (POS) terminal is a hardware device commonly used in retail establishments to manage credit card payments. The solutions involved consist of both hardware and software, deployed in on-premises and cloud environments. These solutions find applications across various sectors, including entertainment, healthcare, hospitality, restaurants, retail, warehouses, and others.

The mPOS terminals market research report is one of a series of new reports that provides mPOS terminals market statistics, including mPOS terminals industry global market size, regional shares, competitors with mPOS terminals market share, detailed mPOS terminals market segments, market trends, and opportunities, and any further data you may need to thrive in the mPOS terminals industry. This mPOS terminals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mPOS terminals market consists of revenues earned by entities by providing contactless credit cards, and QR code payment services through mobile-based terminals. The market value includes the value of related goods sold by the service provider or included within the service offering. The mPOS terminals market also includes sales of smartphones, tablets, mobile POS system, card and chip readers, and touch screens which are used in providing mPOS terminal services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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