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mPOS Terminals Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The mpos terminals market size has experienced substantial expansion in recent years. It is anticipated to grow from $47.63 billion in 2025 to $57.18 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 20.1%. The market’s past growth was primarily fueled by factors such as the rise in card-based payments, the widespread availability of smartphones and tablets, the growth of organized retail, increasing mobile internet connectivity, and the demand for portable payment solutions.
The market for mPOS terminals is anticipated to experience substantial expansion over the coming years. It is projected to reach $117.62 billion in 2030 at a compound annual growth rate (CAGR) of 19.8%. This projected growth during the forecast timeframe is largely driven by factors such as a surge in digital wallet adoption, the proliferation of cashless economic systems, a rise in merchant-focused digitization efforts, ongoing improvements in payment security technology, and the broadening of cloud-based POS ecosystems. Significant developments expected within this period encompass the wider deployment of contactless and tap-to-pay functionalities, increased uptake of cloud-based mPOS software, the application of AI for fraud detection and payment analysis, seamless connectivity with digital wallets and super applications, and the development of energy-efficient and environmentally friendly POS hardware.
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mPOS Terminals Market Growth Catalysts And Demand Drivers
The increasing adoption of digital payments is projected to stimulate the growth of the mPOS terminal market in the coming period. Digital payments refer to transactions processed online or through electronic channels without the physical exchange of currency. Through near-field communication (NFC), a technology that enables contactless payments by allowing users to wave one device over another NFC-compatible device, mobile POS systems are able to accept payments from digital wallets. For instance, in October 2025, according to UK Finance, a UK-based financial services trade association, the percentage of UK adults using mobile wallets for online and contactless payments reached 57%, which was a sharp increase from 42% in 2023. Therefore, the expanding use of digital payments is a significant driver for the growth of the mPOS terminal market.
mPOS Terminals Market Segment Landscape: Which Areas Lead Development?
The mpos terminals market covered in this report is segmented –
1) By Component: POS Terminals, POS Software, Services
2) By Solution: Hardware, Software
3) By Deployment: On-Premise, Cloud-Based
4) By Application: Entertainment, Healthcare, Hospitality, Restaurant, Retail, Warehouse, Other Applications
Subsegments:
1) By POS Terminals: Mobile Card Readers, Integrated POS Systems, Tablet-based POS Systems, Contactless Payment Terminals
2) By POS Software: Payment Processing Software, Inventory Management Software, Customer Relationship Management (CRM) Software, Analytics And Reporting Software
3) By Services: Installation And Maintenance Services, Training And Support Services, Consulting Services, Transaction Processing Services
mPOS Terminals Market Trends Shaping Long-Term Demand
Major companies in the mPOS terminals market are focused on developing innovative platforms, such as the mPOS platform, to gain a competitive edge. An mPOS (mobile point-of-sale) platform is a software application that enables businesses to accept payments using a mobile device, like a smartphone or tablet. For instance, in May 2023, SumUp, a UK-based financial technology company, launched SumUp Terminal Payment SDKs for iOS and Android. This platform allows developers to integrate SumUp’s payment platform and proprietary card terminals into mobile and web applications. By integrating with SumUp’s platform, businesses can avoid the need to purchase and maintain payment terminals. The platform provides developers with more control over the appearance and user experience of the payment process, and they can also add custom features.
mPOS Terminals Market Key Players Shaping Industry Direction
Major companies operating in the mpos terminals market are Ingenico Group, PAX Global Technology Limited, NCR Corporation, VeriFone Inc., AURES Group, Fiserv Inc., Intuit Inc., New POS Technology Ltd, Newland Auto-ID Tech Co Ltd, PAR Technology, Posiflex Technology Inc., Square Inc., Zebra Technologies Corp., BBPOS Limited, Bitel Co Ltd, Diebold Nixdorf Incorporated, Fujian Newland Payment Technology, HP Development Company L.P., Micros Systems Inc., NEC Corporation, SAMSUNG ELECTRONICS, Shenzhen Zhengtong SZZT Electronics Co Ltd, Adyen N.V., iZettle AB, PayPal Inc., Sage Pay Limited, SumUp Payments UAB
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mPOS Terminals Market Regional Analysis: Which Geography Leads On Revenue?
North America was the largest region in the mPOS terminals market in 2025. The regions covered in the mpos terminals market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.