MOBILE POINT OF SALE (MPOS) MARKET ANALYSIS

Mobile Point Of Sale (mPOS) MarketSize and Trends

The global mobile point-of-sale (mPOS) market is estimated to have volume of 200.77 Million Units in 2021 and is expected to exhibit a CAGR of 46.7% over the forecast period (2021-2028).

Rest of the World (RoW) held dominant position in the global mobile point-of-sale (mPOS) market in 2020, accounting for 78.7% share in terms of volume, followed by China and India, respectively. Supported by the rapid increased in internet and mobile penetration combined with increased banking network.

Rapid mobile and internet penetration combined with increased banking network is expected to drive growth of the global mobile point-of-sale (mPOS) market during the forecast period

Replacement demand due to EMV migration is expected to propel the global mobile point-of-sale (mPOS) market growth over the forecast period

Figure 2. Global Mobile Point-of-Sale (mPOS) Market Share, By Solution Type, 2020

Key Takeaways of the Graph:

• Among Solution Type, the Card Reader Accessories held dominant position in the market and accounted for 66.3% share in the global mobile point-of-sale (mPOS) market in 2020. The segment is expected to reach 1,455.47 million units in 2028 owing to the increase in number of credit and debit card users and increasing number of bank account holders globally.
• Among Technology, the Hybrid Technology Solutions held dominant position in the market and accounted for 35.3% share in the global mobile point-of-sale (mPOS) market in 2020. The segment is expected to reach 1,036.19 million units in 2028. Supported by the rising technological development in the field of the payments and transfer is anticipated to be the major reason fostering the growth of the hybrid technology solutions in the global mobile point of sale devices (mPOS) market during the forecast period.