Product Code: ETC13340935 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global mPOS Terminals Market was valued at USD 10 Billion in 2024 and is expected to reach USD 14.45 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global mPOS Terminals Market is experiencing significant growth driven by the increasing adoption of mobile payment solutions and the rising demand for contactless payment options. The market is characterized by the proliferation of smartphones and tablets, which serve as the primary platforms for mPOS terminals. Key players in the market are focusing on developing innovative solutions with advanced features such as EMV chip card compatibility, NFC technology, and biometric authentication to enhance security and convenience for both merchants and consumers. The retail sector is a major contributor to the market growth, as businesses seek to improve customer experience and streamline payment processes. Geographically, North America and Europe are leading regions in terms of market share, while Asia Pacific is projected to witness rapid growth due to increasing smartphone penetration and digital payment adoption.
The Global mPOS Terminals Market is experiencing significant growth due to the increasing adoption of digital payment methods and the rising demand for convenient and secure payment solutions. Key trends in the market include the integration of advanced technologies such as NFC, EMV, and biometric authentication to enhance security and improve user experience. The market is also witnessing a shift towards cloud-based mPOS solutions, providing flexibility and scalability for businesses of all sizes. Opportunities in the market lie in expanding mPOS applications beyond traditional retail environments to sectors such as hospitality, healthcare, and transportation. Additionally, the emergence of contactless payment options and the growing acceptance of mobile wallets present lucrative prospects for mPOS terminal providers to capitalize on the evolving consumer preferences and drive further market growth.
The Global mPOS Terminals Market faces several challenges including security concerns related to payment processing, compatibility issues with existing POS systems, and the need for continuous software updates to ensure compliance with evolving industry standards. Additionally, the market is highly competitive with numerous players offering similar products, leading to price wars and margin pressures. Another challenge is the reliance on stable internet connectivity for seamless transaction processing, which can be a hurdle in areas with poor network infrastructure. Moreover, customer trust in the security and reliability of mPOS terminals remains a concern, especially with the increasing frequency of data breaches and cyber threats in the digital payment ecosystem. Overall, addressing these challenges will be crucial for the sustained growth and adoption of mPOS terminals in the global market.
The Global mPOS Terminals Market is being driven by several key factors. One of the primary drivers is the increasing adoption of mPOS solutions by small and medium-sized businesses due to their affordability, portability, and ease of use. The growing trend towards cashless transactions and the rise of e-commerce are also driving the demand for mPOS terminals. Furthermore, the need for efficient payment processing solutions in various industries such as retail, hospitality, and healthcare is fueling the market growth. The advancements in technology, including the integration of NFC and EMV capabilities in mPOS devices, are further propelling market expansion. Additionally, the COVID-19 pandemic has accelerated the shift towards contactless payments, boosting the demand for mPOS terminals globally.
Government policies related to the Global mPOS Terminals Market vary by country, but generally revolve around data security, payment regulations, and taxation. Many governments have implemented strict regulations to ensure data protection and secure transactions through mPOS terminals. Additionally, there are guidelines in place regarding the use of mPOS terminals for payments, particularly in industries such as healthcare and finance. Taxation policies also impact the market, with some countries offering incentives or imposing taxes on mPOS transactions. Overall, government policies play a crucial role in shaping the growth and operation of the Global mPOS Terminals Market by providing a regulatory framework that ensures consumer protection and fair competition among market players.
The global mPOS terminals market is expected to witness significant growth in the coming years, driven by the increasing adoption of digital payment solutions and the growing trend towards cashless transactions. The convenience and flexibility offered by mPOS terminals, coupled with the rising demand for contactless payment options, are key factors contributing to market expansion. Additionally, the proliferation of smartphones and the increasing penetration of the internet are further fueling market growth. Technological advancements such as the integration of biometric authentication and enhanced security features are expected to enhance the market`s attractiveness. As businesses across various industries continue to prioritize customer experience and operational efficiency, the mPOS terminals market is poised for steady advancement and innovation in the foreseeable future.
The mPOS terminals market in Asia-Pacific is witnessing rapid growth due to the increasing adoption of digital payment solutions and the proliferation of smartphones. In North America, the market is driven by the strong presence of established players and the growing trend of cashless transactions. Europe is experiencing significant growth in the mPOS terminals market, driven by the stringent regulations promoting digital payments and the increasing popularity of contactless payments. In the Middle East and Africa region, the market is expanding due to the rising demand for convenient payment solutions and the increasing penetration of smartphones. Latin America is also seeing growth in the mPOS terminals market, driven by government initiatives to promote financial inclusion and the increasing adoption of mobile payment technologies among small and medium-sized businesses.
Global mPOS Terminals Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global mPOS Terminals Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global mPOS Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Global mPOS Terminals Market - Industry Life Cycle |
3.4 Global mPOS Terminals Market - Porter's Five Forces |
3.5 Global mPOS Terminals Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global mPOS Terminals Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global mPOS Terminals Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.8 Global mPOS Terminals Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global mPOS Terminals Market Revenues & Volume Share, By Transaction Mode, 2021 & 2031F |
3.10 Global mPOS Terminals Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global mPOS Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global mPOS Terminals Market Trends |
6 Global mPOS Terminals Market, 2021 - 2031 |
6.1 Global mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global mPOS Terminals Market, Revenues & Volume, By Mobile Card Reader, 2021 - 2031 |
6.1.3 Global mPOS Terminals Market, Revenues & Volume, By Handheld POS Terminal, 2021 - 2031 |
6.1.4 Global mPOS Terminals Market, Revenues & Volume, By Tablet POS System, 2021 - 2031 |
6.1.5 Global mPOS Terminals Market, Revenues & Volume, By Smartphone POS System, 2021 - 2031 |
6.1.6 Global mPOS Terminals Market, Revenues & Volume, By All-in-One POS System, 2021 - 2031 |
6.2 Global mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global mPOS Terminals Market, Revenues & Volume, By Bluetooth, 2021 - 2031 |
6.2.3 Global mPOS Terminals Market, Revenues & Volume, By Wi-Fi, 2021 - 2031 |
6.2.4 Global mPOS Terminals Market, Revenues & Volume, By Cellular Network, 2021 - 2031 |
6.2.5 Global mPOS Terminals Market, Revenues & Volume, By USB, 2021 - 2031 |
6.2.6 Global mPOS Terminals Market, Revenues & Volume, By NFC, 2021 - 2031 |
6.3 Global mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global mPOS Terminals Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.3.3 Global mPOS Terminals Market, Revenues & Volume, By Hospitality, 2021 - 2031 |
6.3.4 Global mPOS Terminals Market, Revenues & Volume, By Food Service, 2021 - 2031 |
6.3.5 Global mPOS Terminals Market, Revenues & Volume, By Transportation, 2021 - 2031 |
6.3.6 Global mPOS Terminals Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.4 Global mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global mPOS Terminals Market, Revenues & Volume, By Contactless, 2021 - 2031 |
6.4.3 Global mPOS Terminals Market, Revenues & Volume, By Chip & Pin, 2021 - 2031 |
6.4.4 Global mPOS Terminals Market, Revenues & Volume, By Swipe, 2021 - 2031 |
6.4.5 Global mPOS Terminals Market, Revenues & Volume, By Magnetic Stripe, 2021 - 2031 |
6.4.6 Global mPOS Terminals Market, Revenues & Volume, By QR Code, 2021 - 2031 |
6.5 Global mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global mPOS Terminals Market, Revenues & Volume, By Online Retail, 2021 - 2031 |
6.5.3 Global mPOS Terminals Market, Revenues & Volume, By Electronics Stores, 2021 - 2031 |
6.5.4 Global mPOS Terminals Market, Revenues & Volume, By Supermarkets, 2021 - 2031 |
6.5.5 Global mPOS Terminals Market, Revenues & Volume, By Wholesale Distributors, 2021 - 2031 |
6.5.6 Global mPOS Terminals Market, Revenues & Volume, By Specialty Stores, 2021 - 2031 |
7 North America mPOS Terminals Market, Overview & Analysis |
7.1 North America mPOS Terminals Market Revenues & Volume, 2021 - 2031 |
7.2 North America mPOS Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
7.3 North America mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
7.5 North America mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
7.7 North America mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) mPOS Terminals Market, Overview & Analysis |
8.1 Latin America (LATAM) mPOS Terminals Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) mPOS Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
8.5 Latin America (LATAM) mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
8.7 Latin America (LATAM) mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia mPOS Terminals Market, Overview & Analysis |
9.1 Asia mPOS Terminals Market Revenues & Volume, 2021 - 2031 |
9.2 Asia mPOS Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
9.5 Asia mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
9.7 Asia mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa mPOS Terminals Market, Overview & Analysis |
10.1 Africa mPOS Terminals Market Revenues & Volume, 2021 - 2031 |
10.2 Africa mPOS Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
10.5 Africa mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
10.7 Africa mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe mPOS Terminals Market, Overview & Analysis |
11.1 Europe mPOS Terminals Market Revenues & Volume, 2021 - 2031 |
11.2 Europe mPOS Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
11.5 Europe mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
11.7 Europe mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East mPOS Terminals Market, Overview & Analysis |
12.1 Middle East mPOS Terminals Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East mPOS Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey mPOS Terminals Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East mPOS Terminals Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East mPOS Terminals Market, Revenues & Volume, By Connectivity, 2021 - 2031 |
12.5 Middle East mPOS Terminals Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East mPOS Terminals Market, Revenues & Volume, By Transaction Mode, 2021 - 2031 |
12.7 Middle East mPOS Terminals Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global mPOS Terminals Market Key Performance Indicators |
14 Global mPOS Terminals Market - Export/Import By Countries Assessment |
15 Global mPOS Terminals Market - Opportunity Assessment |
15.1 Global mPOS Terminals Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global mPOS Terminals Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global mPOS Terminals Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
15.4 Global mPOS Terminals Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global mPOS Terminals Market Opportunity Assessment, By Transaction Mode, 2021 & 2031F |
15.6 Global mPOS Terminals Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global mPOS Terminals Market - Competitive Landscape |
16.1 Global mPOS Terminals Market Revenue Share, By Companies, 2024 |
16.2 Global mPOS Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |