Mobile Point Of Sale Devices Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Mobile Point Of Sale Devices 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].

What Is the Current Mobile Point Of Sale Devices Market Size and Its Estimated Growth Rate?
The market for mobile point of sale devices has experienced a swift expansion in recent years. The market size is predicted to surge from $45.88 billion in 2024 to $53.33 billion in 2025, a compound annual growth rate (CAGR) of 16.2%. Factors fueling the growth during the historical period include the early adoption of smartphones, restricted access to traditional POS, the emergence of cloud-based services, initial governmental drives towards cashless transactions, and the rise of app stores and mobile payment applications.

The market size of mobile point of sale devices is anticipated to experience a swift expansion in the coming years. An estimated value of $96.47 billion by 2029 is expected with a compound annual growth rate (CAGR) of 16.0%. The proliferation during the projected period is due to factors like the increasing acceptance of biometric authentication, a shift towards sustainability, the advent of blockchain technology, and growth in on-demand delivery services. Key market trends throughout this period include the utilization of AI for personalization, the intersection of social commerce, the integration of augmented reality (AR), the rise in voice-activated payments, and an emphasis on employee experience.

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How Are Emerging Segments Shaping the Mobile Point Of Sale Devices Market Landscape?
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

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Which Growth Factors Are Influencing Mobile Point Of Sale Devices Market Expansion?
The expected increase in 5G networking is likely to drive up growth in the mobile point of sale (mPOS) device market. 5G networks, representing the fifth generation in wireless cellular technology, promise increased capacity, more dependable connections, along with quicker upload and download speeds. The widespread adoption of 5G network for speedy and reliable data connectivity is noticed. This use of 5G networks heightens the efficacy of mobile point-of-sale devices by ensuring quicker, more dependable connectivity. This leads to smoother transaction processing, improved user experiences, and a wider implementation of mobile payment solutions within a range of retail settings. For example, 5G Americas, a US-based industry trade organisation, reported back in September 2023 that the 5G penetration rate in North America had hit an impressive 40%, increasing at a rate of 25.5% during the first six months of 2023. Current predictions suggest that, by 2028, North America's 5G connections will stand at a considerable 669 million. Hence, the growth of the mobile point of sale (mPOS) device market is being driven by the ongoing expansion of 5G networks.

Who Are the Dominant Players Across Different Mobile Point Of Sale Devices Market Segments?
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

What Are the Latest Developing Trends in the Mobile Point Of Sale Devices Market?
Leading firms in the mobile point of sale (mPOS) devices market are innovating with mobile apps, like Smartphone TPV, to boost their market profits. This application enables the usage of mobile phones as point-of-sale devices. For instance, CaixaBank, a banking firm from Spain, introduced the smartphone TPV in May 2023. This groundbreaking app revolutionizes payment acceptance by making it possible for users to seamlessly manage card transactions of various sizes on their mobile devices without the need for any additional hardware. The app, the first of its kind to be launched by a financial entity in Spain, essentially converts a smartphone into a comprehensive POS terminal. Matching the robust security measures of traditional POS systems, the app supports contactless payments and provides real-time transaction tracking.

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Which Geographic Regions Are Expected to Dominate the Mobile Point Of Sale Devices Market in the Coming Years?
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.

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

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