Top Market Shifts Transforming the mPOS Terminals Market Landscape: Key Insights

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What Is the Expected CAGR for the mPOS Terminals Market Through 2025?
There has been a swift increase in the size of the mpos terminals market in the past few years. The market is estimated to expand from a value of $40.53 billion in 2024, and reach a whopping $47.63 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 17.5%. Factors that have contributed to this significant growth in the historic phase include the introduction of smart devices, changes in payment habits, the entry of fresh market players, alterations in regulations, and market consolidation.

What's the Projected Size of the Global mPOS Terminals Market by 2029?
The market for mpos terminals is anticipated to experience swift expansion in the coming years. It's projected to augment to $98.46 billion in 2029 with a compound annual growth rate (CAGR) of 19.9%. The escalation during the forecast period can be credited to factors such as market penetration, an increase in digital transactions, integration with e-commerce, remote work, and transactions, as well as changing consumer behavior. Key trends predicted for the forecast period encompass AI and analytic integration, mPOS solutions based on the cloud, contactless and NFC payments, integration with IoT, coupled with a transition towards software-as-a-service (SaaS) models.

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Top Growth Drivers in the mPOS Terminals Industry: What's Accelerating the Market?
The anticipated surge in digital payments is predicted to propel the mPOS terminal market's expansion. Digital payments encompass transactions carried out online or via digital channels without any tangible money exchange. Mobile POS systems can take payments through digital wallets using near-field communication (NFC), which facilitates contactless payments by allowing users to wave one device over another NFC-compatible device. For example, a study conducted by the World Bank, a US-based financial products and technical assistance provider, highlighted in 2022 that 76% of adults worldwide had access to a bank, another financial institution, or mobile money provider account as of 2021. Furthermore, according to a 2022 survey by McKinsey & Company, digital-payments penetration had risen to 89% in 2022. Notably, the proportion of respondents who use two or more types of digital payments witnessed a faster growth rate-from 51% in 2021 to 62% in 2022. Hence, the acceleration in digital payments usage is fueling the mPOS terminal market's expansion.

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What Are the Key Trends Driving mPOS Terminals Market Growth?
The proliferation of advanced technology has been identified as a key trend in the mPOS terminals market. Leading companies are concentrating on the creation of technologically superior solutions to ensure their market survival. For instance, in May 2022, business tools manufacturer Square, from the USA, introduced their Square for Restaurants mobile POS. Square is distinguished by its ability to bolster bottom lines and improve overall operations of various types of restaurants, especially full-service ones. Using Square allows waitstaff to swiftly process orders and payments, whether at tables or in queues. In spite of potential staff shortages, the Square for Restaurants mobile POS pilot program still allows restaurants to increase their revenue and serve more customers.

What Are the Main Segments in the mPOS Terminals Market?
The mpos terminalsmarket 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 Top Companies are Driving Growth in the mPOS Terminals Market?
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

Which Regions Will Dominate the mPOS Terminals Market Through 2029?
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

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