The Retail Application Segment is Expected to Register the Fastest Growth Rate in the Global Mobile POS Market During the Forecast Period

Mobile POS Market is predicted to reach USD 61.5 billion at a CAGR of 15.3% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Mobile POS Market” that contains information from 2023 to 2030. The Mobile POS Market is estimated to register a CAGR of 15.3% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Mobile POS Market—Toshiba Corporation, VeriFone Systems Inc, PAX Technology Limited, Samsung Electronics Co, First Data Corporation, Ingenico S.A, Posiflex Technology, NEC Corporation, Square, Inc., Epicor Software Corporation, and Squirrel Systems.

Mobile POS Market Highlights

The Mobile POS Market is accounted to register a CAGR of 15.3% during the forecast period and is estimated to reach USD 61.5 Billion by 2030.

The Mobile Point of Sale (POS) Market refers to the technological ecosystem involving the use of mobile devices, such as smartphones and tablets, as tools for processing financial transactions at the point of sale. Traditional POS systems consist of hardware and software that enable businesses to process payments and manage sales, but mobile POS systems leverage the capabilities of portable devices to provide similar functionalities in a more flexible and portable manner.

The Mobile POS Market has been rapidly growing due to its convenience, cost-effectiveness, and the proliferation of smartphones. This growth has been particularly notable in emerging markets and among small to medium-sized businesses. The Mobile POS Market offers businesses an agile and accessible way to process transactions and manage sales using mobile technology, making it an integral part of modern commerce.

Segment Analysis

The Mobile POS Market has been segmented based on connectivity, and application.

On the basis of connectivity, the market is segmented into 3G/4G, Wi-Fi, Bluetooth and others. Wi-Fi technology allows mobile devices to connect to local wireless networks for internet access. It provides high-speed data transfer and is suitable for situations where consistent connectivity is required within a limited range.

Based on application, the market has been segmented into retail, restaurants, healthcare, entertainment, hospitality. In the retail sector, mPOS systems provide retailers with the flexibility to serve customers anywhere within the store. Retailers can use mobile devices equipped with mPOS software to process transactions, check inventory, and even offer personalized recommendations to customers on the shop floor.

Regional Analysis

The Mobile POS Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Mobile POS Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Mobile POS Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Mobile POS Market comprises of Middle East, Africa, and Latin America.

North America, comprising the United States and Canada, is one of the leading regions in terms of Mobile POS adoption due to high smartphone penetration and tech-savvy consumer behavior. Advanced payment infrastructure, the need for seamless customer experiences, and the presence of a large number of small and medium-sized businesses are driving the adoption of Mobile POS solutions.

Europe, including countries like the United Kingdom, Germany, and France, has a mature retail industry and a growing trend towards cashless transactions. Regulatory support for digital payments, increased mobile device usage, and a push towards modernizing traditional retail systems.

The Asia-Pacific region, encompassing countries like China, India, Japan, and South Korea, is witnessing rapid growth in mobile adoption and digital payments. Expanding e-commerce, government initiatives for digital payments, and the rise of tech startups are propelling Mobile POS adoption.

Furthermore, the rest of the world's Mobile POS Market is divided into the Middle East, Africa, and Latin America. Latin American countries, such as Brazil and Mexico, are seeing an increase in Mobile POS adoption due to the growing use of smartphones and a need for more efficient payment methods.

Key Findings of the Study

• The Mobile POS Market is expected to reach USD 61.5 Billion by 2030, at a CAGR of 15.3% during the forecast period.


• North America, comprising the United States and Canada, is one of the leading regions in terms of Mobile POS adoption due to high smartphone penetration and tech-savvy consumer behavior.


• Based on connectivity, the market is segmented into 3G/4G, Wi-Fi, Bluetooth holding the largest market in 2022.


• Toshiba Corporation, VeriFone Systems Inc, PAX Technology Limited, Samsung Electronics Co, First Data Corporation, Ingenico S.A, Posiflex Technology, NEC Corporation, Square, Inc., Epicor Software Corporation. and Squirrel Systems.