Press release
Mobile Point-of-Sale (mPOS) Terminals Market to Hit US$ 127.04 Billion by 2034 with 11.4% CAGR
Mobile Point-Of-Sale (mPOS) Terminals Market
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Mobile point-of-sale terminals refer to wireless electronic devices such as smartphones or tablets that act as digital cash registers and accept online payment. This allows for seamless transaction of money from an individual to an establishment such as a restaurant or a grocery store. With many individuals now becoming mobile-centric, mobile POS has now gained increased traction. Traditionally, a POS system is attached to a desktop but mobile POS has brought about changes in the way merchants can accept payments. Its portability makes it easier for payment on the go. It is also cheaper as there is no need to invest in specialized equipment as a mobile will serve the same function.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
โข The adoption of cloud based point-of-sale systems has helped in increasing the awareness regarding mobile point-of-sale. It offers flexibility, cost efficiency, and scalability as the establishment grows. It has various advantages, such as remote tracking of data, automatic updates, and robust security techniques.
โข Mobile point-of-sale terminals help businesses looking to convert their businesses into automated establishments. They help reduce dependence on manual labor and carry out functions such as customer relationship and inventory management
๐๐๐ฃ๐จ๐ซ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ง๐ญ๐ฌ:
Digital payments are now the mode of payment and it has brought along with it a major expansion of the mobile point-of-sale market. A few of the mobile point-of-sale (mPOS) terminals market key players are:
โข PAX Technology
โข Oracle
โข VeriFone, Inc.
โข HP Development Company, L.P.
โข PT. NEC Indonesia.
โข Ingenico
โข Toshiba Global Commerce Solutions
โข Panasonic
โข Posiflex
โข Squirrel Systems
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market/request-for-discount-pricing
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โข The mobile point-of-sale (mPOS) terminals market is segmented based on component, deployment type, end users, and region.
โข The component segment is divided into hardware and software categories. The hardware segment held the largest market share in 2024 due to the widespread adoption of compact and portable mPOS devices across various industries.
โข By deployment type, the cloud-based segment is expected to witness the fastest growth during the forecast period due to its scalability, cost-effectiveness, and ability to provide real-time data access.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
North America led the mobile point-of-sale (mPOS) terminals market in 2024, driven by advanced digital payment infrastructure, widespread contactless payment adoption, and a strong preference for mobile transactions. The rise of SMEs using mPOS for cost-effective operations, along with government initiatives like California's mobile driver's license via Google Wallet, further fueled market growth.
Asia Pacific is the fastest-growing region, propelled by rapid digital transformation, expanding e-commerce, and increasing cashless transactions in China, India, and Japan. Government initiatives, including a planned instant cross-border payments platform by 2026, alongside rising smartphone penetration, are accelerating mPOS adoption across the region.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market
๐๐จ๐๐ข๐ฅ๐ ๐๐จ๐ข๐ง๐ญ-๐๐-๐๐๐ฅ๐ (๐ฆ๐๐๐) ๐๐๐ซ๐ฆ๐ข๐ง๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Verifone Enhances Verifone Central (March 2024)
Verifone introduced updates to Verifone Central, improving report navigation and bolstering security with Multi-Factor Authentication. Enhancements also included Merchant Choice Routing (MCR) in Australia, refined role permissions, and advanced transaction handling, ensuring smoother platform functionality.
Revolut Unveils Revolut Terminal (October 2024)
Revolut launched the Revolut Terminal, a point-of-sale (POS) device designed to integrate seamlessly with Revolut Business accounts for efficient transactions. It reduces transaction costs and supports Revolut Pay, enabling direct app payments while offering users RevPoints for discounts.
CaixaBank Introduces Mobile POS App (May 2023)
CaixaBank became the first financial institution in Spain to introduce an app that converts smartphones into POS terminals. This innovation eliminates the need for additional hardware, providing a seamless and cost-effective payment solution for businesses.
Adyen Expands Mobile POS Offerings (January 2022)
Adyen introduced Android-powered mobile POS terminals across the US, UK, and Europe. These all-in-one devices provide businesses with an integrated payment platform and app management system, streamlining transactions and enhancing operational efficiency.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Robotic Process Automation (RPA) Market:
https://www.polarismarketresearch.com/industry-analysis/robotic-process-automation-market
Precision Farming Market:
https://www.polarismarketresearch.com/industry-analysis/precision-farming-market
Vertical Farming Market:
https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market
Restaurant Point-Of-Sale (Pos) Terminals Market:
https://www.polarismarketresearch.com/industry-analysis/restaurant-pos-terminals-market
Mobile Point-Of-Sale (Mpos) Terminals Market:
https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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