mPOS Terminal Market Size - By Component, By Product By Application, By Deployment Model, By Technology & Forecast, 2024

Description

mPOS Terminal Market size will record over 9% CAGR from 2024 to 2032, majorly propelled by rapid innovations for enhancing functionality and user experience. For instance, in June 2024, Castles Technology introduced MP200 - NexGen MobilPay(TM), its new mPOS device to allow businesses of all sizes to take payments on the move. The incorporation of features, such as real-time data analytics, advanced security measures, cloud integration, and AI-driven insights in mPOS terminals is providing businesses with valuable tools for operational efficiency and customer engagement. The easy access to customizable and personalized mPOS solutions to meet the specific needs of different industries and businesses will boost the industry growth.

The mPOS terminal industry is segmented into component, product, deployment model, technology, application, and region.

By product, the industry value from the tablet segment may witness lucrative growth through 2032. mPOS terminal tablets offer businesses the flexibility to process transactions anywhere for enhancing the customer experience, making them beneficial for companies that operate outside traditional retail environments, such as food trucks, pop-up shops, and outdoor markets. These tablets are also user-friendly and can be quickly deployed for reducing the training time required for employees.

With respect to application, the mPOS terminal market size from the hospitality segment will record expansion from 2024 to 2032, owing to their benefits of versatility, mobility, and the ability to enhance customer service. mPOS terminals enable the waitstaff to take orders and process payments directly at the table, thereby reducing the wait times by minimizing errors in order taking and enhancing the overall dining experience. Ease of quick and efficient processing of transactions in events and banquets will also boost the segment growth.

Europe mPOS terminal industry share will expand through 2032 due to the rapid growth of the hospitality sector, including restaurants, cafes, and hotels. Compliance with EU's stringent regulatory standards, such as the General Data Protection Regulation (GDPR) and Payment Services Directive 2 (PSD2) is also shaping the development and adoption of mPOS systems in the region. The rise in the number of small and medium-sized enterprises (SMEs) will play a key role in the market growth.

Product Code: 464

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component suppliers
- 3.2.3 Manufacturers
- 3.2.4 Technology/service providers
- 3.2.5 Distribution channel
- 3.2.6 End-user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 High smartphone penetration and improved internet connectivity
  - 3.8.1.2 The growth of e-commerce and the need for seamless omnichannel retail experiences
  - 3.8.1.3 Expansion of digital wallets and fintech services
  - 3.8.1.4 Government initiatives and regulations for adoption of digital payments
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Security vulnerabilities
  - 3.8.2.2 Technical issues and reliability
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2018 - 2032 ($Bn)

5.1 Key trends
5.2 Hardware
5.3 Software
5.4 Services

Chapter 6 Market Estimates & Forecast, By Product, 2018 - 2032 ($Bn, Units)

6.1 Key trends
6.2 Handheld terminal
6.3 Tablet

Chapter 7 Market Estimates & Forecast, By Deployment Model, 2018 - 2032 ($Bn, Units)

7.1 Key trends
7.2 On-premises
7.3 Cloud

Chapter 8 Market Estimates & Forecast, By Technology, 2018 - 2032 ($Bn, Units)

8.1 Key trends
8.2 Biometric
8.3 Traditional

Chapter 9 Market Estimates & Forecast, By Application, 2018 - 2032 ($Bn, Units)

9.1 Key trends
9.2 Entertainment
9.3 Healthcare
9.4 Hospitality
9.5 Restaurant
9.6 Retail
- 9.6.1 Convenience stores
- 9.6.2 Department stores
- 9.6.3 Supermarkets/Hypermarkets
- 9.6.4 Discount stores
- 9.6.5 Specialty stores
- 9.6.6 Others
9.7 Warehouse
9.8 Others

Chapter 10 Market Estimates & Forecast, By Region, 2018 - 2032 ($Bn, Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 AURES Group
11.2 BBPOS Ltd
11.3 Bitel Co., Ltd.
11.4 Diebold Nixdorf
11.5 First Data Corporation
11.6 Fujian Newland Payment Technology Co., Ltd.
11.7 Ingenico Group
11.8 Micros Systems, Inc.
11.9 NCR Corporation
11.10 New POS Technology Limited
11.11 Newland Payment Technology
11.12 Panasonic Corporation
11.13 PAR Technology Corporation
11.14 PAX Technology
11.15 Posiflex Technology
11.16 Shenzhen Xinguodu Technology Co., Ltd
11.17 Shenzhen Zhengtong (SZZT) Electronics Co Ltd
11.18 Square, Inc.
11.19 Touch Dynamic Inc.
11.20 Verifone Holdings, Inc.

mPOS Terminal Market Size - By Component, By Product By Application, By Deployment Model, By Technology & Forecast, 2024 - 2032