Surge In Digital Payments Propels Growth Of The mPOS Terminal Market: A Key Driver Powering mPOS Terminals Market Growth In 2025

The mPOS Terminals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the mPOS Terminals Market Size Expected to Be by 2034?
The market size of mPOS terminals has seen a swift expansion in the past few years, rising from $40.53 billion in 2024 to an estimated $47.91 billion in 2025, marking a compound annual growth rate (CAGR) of 18.2%. This remarkable growth during the historical period can be traced back to the advent of smart devices, shifts in payment methods, the introduction of new market participants, regulatory modifications, and market consolidation.

The market size for mPOS terminals is set to witness an impressive surge in the coming years. It is projected to reach $99.73 billion by 2029, representing a compound annual growth rate (CAGR) of 20.1%. Reasons for this growth during the predicted time frame can be traced back to market penetration, an increase in digital transactions, the incorporation of e-commerce, a rise in remote work and transactions, and alterations in consumer spending habits. During this forecast period, the significant tendencies will encompass AI and analytics integration, adoption of cloud-based mPOS solutions, a preference for contactless and NFC payments, the inclusion of IoT, and a shift towards software-as-a-service (SaaS) models.

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How Are Emerging Segments Shaping the mPOS Terminals Market Landscape?
The mPOS terminals market covered in this report is segmented -

1) By Component: POS Terminals, POS Software, Services
2) By Solution: Hardware, Software
3) By Deployment: On-Premise, Cloud-Based
4) By Application: Entertainment, Healthcare, Hospitality, Restaurant, Retail, Warehouse, Other Applications

Subsegments:
1) By POS Terminals: Mobile Card Readers, Integrated POS Systems, Tablet-based POS Systems, Contactless Payment Terminals
2) By POS Software: Payment Processing Software, Inventory Management Software, Customer Relationship Management (CRM) Software, Analytics And Reporting Software
3) By Services: Installation And Maintenance Services, Training And Support Services, Consulting Services, Transaction Processing Services

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Which Growth Factors Are Influencing mPOS Terminals Market Expansion?
The increase in digital transactions is set to fuel the expansion of the mPOS terminal market. Digital transactions are those that take place online or via digital pathways, eliminating the need for physical cash exchange. Thanks to NFC or near-field communication, which facilitates contactless payments by letting users tap one NFC-friendly device against another, mPOS systems can receive payments via digital wallets. A study issued by the World Bank, an American purveyor of financial goods and technical help, showed that 76% of adults worldwide in 2022 have an account with a bank, another financial institution, or a mobile money provider, as of 2021. Moreover, a survey conducted by McKinsey & Company in 2022 revealed that 89% of respondents adopted digital payments in 2022 and more notable is the surge in people using two or more kinds of digital payments - this skyrocketed from 51 percent in 2021 to 62 percent. This growing prevalence of digital transactions is thus fuelling the mPOS terminal market's development.

Who Are the Dominant Players Across Different mPOS Terminals Market Segments?
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

What Are the Latest Developing Trends in the mPOS Terminals Market?
The proliferation of advanced technology is a leading trend in the mPOS terminals market. To remain competitive, prominent businesses in the mPOS terminals domain are focusing on the creation of technologically superior solutions. For instance, in May 2022, Square, an American producer of business equipment, unveiled Square for Restaurants mobile POS. Its unique selling point is its ability to aid all types and scales of restaurants, particularly full-service restaurants (FSRs), in enhancing their profit margins and operational efficiency. With Square, restaurant staff can swiftly and smoothly process orders and payments either at the table or in the queue. Despite a potential staff shortage, restaurants using the Square for Restaurants mobile POS pilot scheme can still increase their revenue and turnover rate.

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Which Geographic Regions Are Expected to Dominate the mPOS Terminals Market in the Coming Years?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the mPOS Terminals Market?
2. What is the CAGR expected in the mPOS Terminals Market?
3. What Are the Key Innovations Transforming the mPOS Terminals Industry?
4. Which Region Is Leading the mPOS Terminals Market?

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