mPOS Terminals Demand To Boom in Asia-Pacific in Future!

The major factors aiding in the advance of the mobile point-of-sale (mPOS) terminals market are the rising popularity of cashless payments and surging focus on enhancing the experience of customers. As a result, the sale of mobile POS terminals will likely increase at a healthy 17.9% CAGR between 2020 and 2030 (forecast period), since generating $19.5 billion in 2019. Such systems are portable devices, most commonly a tablet or mobile phone, which work as a cash counter.

The component segment of the market is bifurcated into software and hardware, of which the hardware bifurcation held the larger share in 2019. The usage of mobile POS terminals, of which hardware is the major and more-expensive component, is swiftly increasing in the food service, retail, hospitality, and healthcare industries. The software bifurcation is expected to display the higher CAGR in the mPOS terminals market during the forecast period, owing to the rising usage of software for sales forecasting, inventory management, and customer relationship management.

A key opportunity for the mPOS terminals industry players is the massive surge in the number of restaurants around the world. For instance, between 2017 and 2018, the food services sector of India witnessed a 10% growth, valuing $48 billion in the latter year. With an increase in their disposable income, people around the world are eating out more often than ever. Restaurants are quickly equipping their waiting staff with hand-held devices to take orders and process payments, so that diners can enjoy more convenience.


In 2019, the highest revenue to the mPOS terminals market was contributed by Asia-Pacific (APAC). Regional countries are witnessing high-paced urbanization, which is why their healthcare, retail, and hospitality sectors are prospering. APAC is already home to the largest retail industry in the world, and retail has the highest number of mobile POS terminals installed. Moreover, in order to save paper and stop the cutting of trees, the governments of APAC countries are strongly promoting cashless transactions, which is driving the installation of mobile point-of-sale terminals

Therefore, the market displays a vast growth potential, considering the rate at which the retail sector is expanding and popularity of cashless payments is rising Across the globe.

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