Leading Growth Driver in the Mobile Point Of Sale Devices Market in 2025: Impact of 5G Networks On The Mobile Point-Of-Sale Device Market Driver's Influence

What combination of drivers is leading to accelerated growth in the mobile point of sale devices market?
The growth of the mobile point of sale (mPOS) devices market is set to be driven by the proliferation of 5G networks. Identified as the fifth iteration of wireless mobile technology, 5G networks offer superior capacity, more consistent connections, and quickened data transfer rates. The widespread adoption of this technology has led to a significant increase in the expansion of 5G networks, which guarantees speedy and trustworthy data connectivity. Such networks enhance the utility of mobile point-of-sale devices by assuring quicker, dependable connectivity, enabling smooth transaction processing, improving user experiences, and promoting the broader use of mobile payment solutions in various retail settings. For example, data from 5G Americas, a US-based industry trade body, indicated that as of September 2023, North America's 5G penetration rate stood at a remarkable 40%, marking a growth rate of 25.5% in the first half of 2023 alone. Their forecasts suggest that 5G connections in North America could reach a staggering 669 million by 2028. Hence, the spread of 5G networks is stimulating the growth of the mobile point of sale (mPOS) devices market.

Get Your Mobile Point Of Sale Devices Market Report Here:
https://www.thebusinessresearchcompany.com/report/mobile-point-of-sale-devices-global-market-report

What is the projected compound annual growth rate (CAGR) of the mobile point of sale devices market from 2025 to 2034, and what factors influence it?
Over the past few years, the market size for mobile point of sale devices has seen a tremendous upsurge. The market, which stood at $45.88 billion in 2024, is estimated to escalate to $53.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.2%. The impressive growth witnessed in the historic period can be credited to factors like the rapid adoption of smartphones, constraints in access to traditional POS, adoption of cloud-based solutions, initiations from the government to promote cashless transactions, as well as the rise in app stores and mobile payment apps.

Anticipated to experience swift expansion in the coming years, the mobile point of sale devices market is projected to reach $96.47 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 16.0%. This projected growth within the forecast period can be ascribed to the rising traction of biometric authentication, the emphasis on sustainability, the advent of blockchain technology, and the surge in demand for on-demand delivery services. Key trends anticipated during the forecast period comprise AI personalization, fusion with social commerce, the incorporation of augmented reality (AR), the emergence of voice-activated payments, and emphasis on enhancing employee experiences.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14960&type=smp

How are the latest trends influencing the growth of the mobile point of sale devices market?
In the mobile point of sale (mPOS) devices market, leading corporations are creating mobile apps like Smartphone TPV to enhance their earnings. Smartphone TPV, a mobile software, enables mobile phones to function as point-of-sale systems. As an example, CaixaBank, a banking entity based in Spain, introduced the smartphone TPV in May 2023. This application revolutionizes payment acceptance by enabling the processing of any sized card transactions directly through mobile devices, eliminating the need for additional hardware. This marks the first time a Spanish financial institution has launched an app that can convert a smartphone into a comprehensive POS terminal. The app encompasses robust security specifications similar to traditional POS systems, supports touch-free payments and provides real-time transaction surveillance.

What are the major segments of the mobile point of sale devices market and their role in driving growth?
The mobile point of sale devices market covered in this report is segmented -

1) By Solution Type: Integrated Card Reader Solutions, Card Reader Accessories, Dongles, Sleeves
2) By Technology: Biometrics, Bluetooth, Chip And Sign, Europay Mastercard And Visa Chip And Pin, Ethernet, Hybrid Technology Solutions, Magnetic-Stripe, Near Field Communication
3) By End Use: Restaurant Hospitality (Lodging), Healthcare, Retail Warehouse Or Distribution, Entertainment

Subsegments:
1) By Integrated Card Reader Solutions: All-In-One mPOS Devices, Mobile Terminals With Built-In Card Readers
2) By Card Reader Accessories: External Card Readers, Bluetooth-Enabled Card Readers, Chip-And-PIN Readers, Magstripe Readers
3) By Dongles: Audio Jack Card Readers, USB Dongles, Bluetooth Dongles
4) By Sleeves: Card Reader Sleeves, Phone-Based Card Reader Sleeves, Protective Sleeves With Integrated Card Reader

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14960

Which regions are key players in the growth of the mobile point of sale devices market?
North America was the largest region in the mobile point of sale (mPOS) devices market in 2024. The regions covered in the mobile point of sale (mPOS) devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the mobile point of sale devices market?
Major companies operating in the mobile point of sale (mPOS) devices market are Amazon.com Inc., Alphabet Inc., Samsung Electronics Co Ltd., Panasonic Corporation, Hewlett-Packard Development Company, Cisco Systems Inc., Oracle Corporation, Toshiba Corporation, Fiserv Inc., Square Inc., Zebra Technologies Corp., Worldpay Inc., Ingenico Group, PAX Technology Inc., Adyen N.V, VeriFone Systems Inc., Fujian Newland Payment Technology Co Ltd., BlueSnap Payment Services Limited, Revel Systems Inc., PaySimple Inc., Upserve Inc., BBPOS Limited, CardFlight Inc., Touch Dynamic Inc., Paynear Solutions Private Limited

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14960&type=smp

What Is Covered In The Mobile Point Of Sale Devices Global Market Report?

•Market Size Forecast: Examine the mobile point of sale devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile point of sale devices market for a structured understanding.
•Key Players Overview: Analyze major players in the mobile point of sale devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile point of sale devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile point of sale devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile point of sale devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile point of sale devices market.
•Competitive Landscape: Review strategic developments in the mobile point of sale devices market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.