Global mPOS Device Market Growth (Status and Outlook) 2025-2031

The global mPOS Device market size is predicted to grow from US$ 3888 million in 2025 to US$ 6699 million in 2031; it is expected to grow at a CAGR of 9.5% from 2025 to 2031.

An mPOS (mobile Point of Sale) device is a portable payment terminal that allows businesses to accept card payments through mobile devices like smartphones or tablets. These devices are typically paired with a card reader, often connected via Bluetooth or a headphone jack, and can process credit or debit card transactions, including contactless payments (such as NFC-enabled cards or mobile wallets like Apple Pay).mPOS systems are particularly popular with small businesses, merchants on the go (like food trucks, market vendors), and in retail environments where portability is key. These devices often come with additional features, such as inventory management, sales reporting, and customer data collection.

Rising Demand for Cashless Transactions

Consumer Preferences: As consumers increasingly prefer cashless and contactless payments for convenience and hygiene reasons, businesses are adopting mPOS solutions to cater to this demand.

Increasing Mobile Penetration

Smartphone Adoption: With the global increase in smartphone usage, businesses have found it cost-effective to convert smartphones or tablets into POS systems, reducing the need for expensive traditional POS hardware.

Cost Efficiency for Small and Medium-Sized Businesses (SMBs)

Lower Capital Investment: Traditional POS systems can require significant capital investment in both hardware and software. mPOS systems, on the other hand, are typically more affordable, offering subscription-based pricing models.

Flexibility: mPOS systems allow SMBs to scale their operations and adjust as needed. They can expand as the business grows, without heavy upfront investments.

LPI (LP Information)' newest research report, the “mPOS Device Industry Forecast” looks at past sales and reviews total world mPOS Device sales in 2024, providing a comprehensive analysis by region and market sector of projected mPOS Device sales for 2025 through 2031. With mPOS Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world mPOS Device industry.

This Insight Report provides a comprehensive analysis of the global mPOS Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on mPOS Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global mPOS Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for mPOS Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global mPOS Device.

This report presents a comprehensive overview, market shares, and growth opportunities of mPOS Device market by product type, application, key players and key regions and countries.

Segmentation by Type:
Smart POS
Non-smart POS

Segmentation by Application:
Retail
Restaurant
Hospitality
Entertainment
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Newland NPT
PAX Technology
New POS Technology
Verifone
Ingenico (Worldline)
Shenzhen Xinguodu Technology
Wuhan Tianyu Information
BBPOS
Centerm
MoreFun Electronic Technology
Posiflex Technology
NCR Voyix
Beijing Shenzhou Anfu Technology
Datecs
SZZT
ADVANTECH-AURES
Miura Systems
PayCore
Bitel
Square
Touch Dynamic

Please note: The report will take approximately 2 business days to prepare and deliver.