Global Hardware Mobile Point of Sale (POS) Terminal Market Size, Share and Trends Analysis Report – Industry Overview and Forecast to 2032

Global Hardware Mobile Point of Sale (POS) Terminal Market Segmentation, By Application (Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others), Deployment (Cloud and On-premise), By End-use (Restaurants and Retail) - Industry Trends and Forecast to 2032

Hardware Mobile Point of Sale (POS) Terminal Market Size

• The global hardware mobile point of sale (POS) terminal market size was valued at USD 36.6 billion in 2024 and is expected to reach USD 83.13 billion by 2032, at a CAGR of 10.80% during the forecast period
• The market growth is largely fueled by the rapid adoption of digital payment technologies and advancements in mobile connectivity, driving the integration of portable payment solutions across retail, hospitality, and service sectors. Increasing consumer preference for contactless transactions and the expansion of e-commerce ecosystems are accelerating the shift toward mobile POS terminals for faster, more efficient payments
• Furthermore, rising demand for flexible, user-friendly, and secure payment systems among small and medium-sized enterprises is positioning hardware mobile POS terminals as an essential part of modern business infrastructure. These developments are enabling streamlined operations, real-time data management, and enhanced customer experiences, significantly boosting market expansion

Hardware Mobile Point of Sale (POS) Terminal Market Analysis

• Hardware mobile POS terminals, designed to facilitate on-the-go payment processing through portable, wireless devices, are becoming a key enabler of digital commerce transformation across multiple industries. Their ability to support multiple payment methods, including NFC, EMV, and digital wallets, makes them crucial for improving customer convenience and transaction speed
• The growing adoption of these systems is primarily driven by the ongoing shift toward cashless economies, rising smartphone penetration, and government initiatives promoting digital transactions. In addition, advancements in cloud integration and security technologies are further reinforcing their role as the preferred solution for businesses seeking mobility, reliability, and operational efficiency
• North America dominated the hardware mobile point of sale (POS) terminal market with a share of 72% in 2024, due to the widespread adoption of digital payment technologies and the shift toward cashless transactions across retail and hospitality sectors
• Asia-Pacific is expected to be the fastest growing region in the hardware mobile point of sale (POS) terminal market during the forecast period due to rapid digitalization, increasing smartphone usage, and a surge in mobile-based payment platforms
• Cloud segment dominated the market with a market share of 56.7% in 2024, due to its scalability, remote accessibility, and lower upfront costs compared to traditional setups. Cloud-based POS systems enable real-time updates, centralized data management, and integration with e-commerce platforms, making them highly preferred by small and medium enterprises. The subscription-based model and automatic software updates also make cloud deployment more cost-efficient and easier to maintain for businesses

Report Scope and Hardware Mobile Point of Sale (POS) Terminal Market Segmentation     

Hardware Mobile Point of Sale (POS) Terminal Market Trends

Integration of AI and Analytics in Mobile POS Systems

• The hardware mobile point of sale (POS) terminal market is increasingly shaped by the integration of artificial intelligence (AI) and data analytics, transforming mobile payment devices into intelligent business tools capable of delivering strategic insights. This integration enhances transaction efficiency, customer engagement, and real-time decision-making for retailers and service providers across various industries

  • For instance, Square Inc. has integrated AI-driven analytics into its POS hardware to provide merchants with actionable insights on inventory levels, sales trends, and customer preferences. This functionality allows small and medium businesses to optimize operations and adapt faster to changes in consumer behavior through real-time data visualization and predictive analytics

• The deployment of AI in mobile POS systems helps automate repetitive processes such as billing, inventory management, and transaction validation, reducing manual intervention and enhancing workflow efficiency. In addition, machine learning algorithms assist in detecting anomalies and potential fraud in payment patterns, improving the overall integrity of the transaction ecosystem
• AI-enabled POS terminals are also improving personalization in the retail experience by offering tailored product recommendations and loyalty-driven promotions based on customer purchase history. Such targeted interactions help increase sales conversion and strengthen brand-customer relationships
• Companies are focusing on integrating advanced analytics into connected POS ecosystems to enable cross-channel data monitoring. For instance, Verifone has launched smart POS terminals embedded with AI-based analytics to help retailers analyze omni-channel purchasing patterns and optimize operational decisions in real time
• The integration of AI and analytics into mobile POS hardware is redefining the competitive landscape by creating intelligent, connected retail ecosystems. These advancements streamline payment processing and also enable data-driven business intelligence, supporting improved decision-making and enhanced customer service across global retail and hospitality sectors

Hardware Mobile Point of Sale (POS) Terminal Market Dynamics

Driver

Rising Demand for Contactless and Cashless Payment Solutions

• The growing global preference for contactless and cashless transactions is a primary driver of the hardware mobile POS terminal market, fueled by convenience, hygiene awareness, and the proliferation of digital finance ecosystems. Consumers and merchants are rapidly embracing mobile POS solutions to accelerate transactions and support multiple payment methods, including NFC, QR-based, and EMV chip-enabled systems

  • For instance, Ingenico, a subsidiary of Worldline, introduced next-generation smart terminals in 2024 designed for secure tap-to-pay transactions across retail, healthcare, and hospitality sectors. Such innovations demonstrate how hardware advancements are driving frictionless payment experiences and supporting the transition toward a fully digital payment landscape

• The increased smartphone penetration, enhanced internet connectivity, and the development of mobile wallets are strengthening the adoption of cashless payments worldwide. Businesses of all sizes are using portable POS terminals to simplify payment collection and facilitate wider financial inclusion among underbanked populations
• Regulatory encouragement of digital payment infrastructure and incentives for contactless adoption are further promoting the use of modern POS systems. Governments in regions such as Asia-Pacific and Europe are supporting merchant adoption of mobile POS solutions through subsidies and compliance frameworks
• As digital transformation accelerates globally, the convenience, speed, and security of contactless payments continue to shape consumer expectations. The surging demand for integrated, mobile, and cashless transaction systems ensures sustained market growth for hardware mobile POS terminals across retail, events, restaurants, and logistics industries

Restraint/Challenge

Data Security and Privacy Concerns

• A significant challenge facing the hardware mobile POS terminal market is the growing concern over data security and privacy breaches in electronic payment ecosystems. With the increasing flow of sensitive customer and financial information through POS systems, the risk of hacking, malware attacks, and unauthorized access has become a major issue for businesses relying on digital payment networks

  • For instance, in 2023, several small retailers in North America reported data leak incidents stemming from outdated POS firmware vulnerabilities, leading to financial losses and reputational damage. Incidents of this nature underscore the critical need for continuous security updates, encryption, and authentication practices in mobile POS systems

• The complexity of managing large volumes of real-time transaction data across multiple endpoints raises operational risks and compliance burdens for companies operating under strict data protection laws such as PCI DSS and GDPR. Inadequate encryption protocols or neglected software maintenance can expose businesses to cyber threats and regulatory penalties
• Hardware limitations such as outdated processors or insufficiently secure chips in older mobile POS models may prevent implementation of advanced cryptographic techniques, further weakening transactional security. Retailers and payment service providers must continually upgrade hardware to ensure resilience against evolving cyber threats
• Overcoming these challenges requires a focused approach toward cybersecurity innovation, including end-to-end encryption, tokenization, biometric authentication, and cloud-based security management. Building trust among consumers and merchants through secure and transparent payment ecosystems will remain central to sustainable growth in the hardware mobile POS terminal market

Hardware Mobile Point of Sale (POS) Terminal Market Scope

The market is segmented on the basis of application, deployment, and end-use.

• By Application

On the basis of application, the hardware mobile point of sale (POS) terminal market is segmented into restaurants, hospitality, healthcare, retail, warehouse, entertainment, and others. The retail segment dominated the market with the largest revenue share in 2024, owing to the rapid shift toward digital payment systems and seamless checkout experiences. Retailers are increasingly adopting mobile POS terminals to improve customer engagement, reduce wait times, and enhance sales efficiency through mobility and real-time data tracking. The growing trend of omnichannel commerce and integration with loyalty programs further boosts the adoption of POS systems in retail environments.

The hospitality segment is projected to witness the fastest growth rate from 2025 to 2032, driven by the rising need for efficient billing and seamless service experiences in hotels, cafes, and quick-service restaurants. Mobile POS systems enable faster order management, table-side payment, and real-time inventory updates, enhancing customer satisfaction and operational efficiency. Their flexibility in connecting to multiple devices and integrating with reservation or CRM systems further supports their accelerated adoption in the hospitality sector.

• By Deployment

On the basis of deployment, the hardware mobile POS terminal market is segmented into cloud and on-premise. The cloud segment dominated the market with the largest revenue share of 56.7% in 2024, attributed to its scalability, remote accessibility, and lower upfront costs compared to traditional setups. Cloud-based POS systems enable real-time updates, centralized data management, and integration with e-commerce platforms, making them highly preferred by small and medium enterprises. The subscription-based model and automatic software updates also make cloud deployment more cost-efficient and easier to maintain for businesses.

The on-premise segment is anticipated to register the fastest growth from 2025 to 2032, supported by industries requiring enhanced data control and security. Large enterprises in regulated sectors prefer on-premise solutions due to their ability to operate independently of internet connectivity and ensure compliance with stringent data privacy norms. The growing need for customized POS solutions with dedicated hardware and localized processing power further propels the demand for on-premise deployment models.

• By End-use

On the basis of end-use, the hardware mobile POS terminal market is segmented into restaurants and retail. The retail segment dominated the market with the largest revenue share in 2024, propelled by increasing modernization of stores and rising adoption of digital payment options. Mobile POS systems help retailers streamline transactions, manage inventory, and provide flexible payment solutions, improving overall customer satisfaction and operational speed. The integration of these systems with analytics tools also enables retailers to track performance metrics and optimize in-store operations effectively.

The restaurant segment is expected to experience the fastest growth rate during the forecast period, fueled by the increasing preference for mobile ordering and contactless payment solutions. Restaurants and cafes are adopting mobile POS systems to enable tableside ordering, reduce wait times, and enhance accuracy in billing. The ability to synchronize orders with kitchen displays and integrate with customer management platforms drives efficiency and supports revenue growth across the food service industry.

Hardware Mobile Point of Sale (POS) Terminal Market Regional Analysis

• North America dominated the hardware mobile point of sale (POS) terminal market with the largest revenue share of 72% in 2024, driven by the widespread adoption of digital payment technologies and the shift toward cashless transactions across retail and hospitality sectors
• The region’s strong technology infrastructure and early adoption of mobile-based solutions are boosting market expansion
• The presence of key players and a highly competitive retail ecosystem further enhance the growth of mobile POS deployments across the region

U.S. Hardware Mobile Point of Sale (POS) Terminal Market Insight

The U.S. hardware mobile POS terminal market captured the largest revenue share in 2024 within North America, propelled by high consumer preference for contactless payments and the increasing integration of digital wallets. The expansion of quick-service restaurants and retail chains adopting mobile POS systems for flexibility and speed further strengthens market growth. In addition, government support for cashless economies and widespread smartphone penetration contribute to the market’s dominance in the U.S.

Europe Hardware Mobile Point of Sale (POS) Terminal Market Insight

The Europe hardware mobile POS terminal market is projected to expand at a substantial CAGR throughout the forecast period, driven by the rapid adoption of smart payment solutions and the increasing number of small and medium enterprises embracing digital transformation. The region’s shift toward unified commerce and enhanced in-store experiences is fostering growth in mobile POS deployments. The implementation of stringent security regulations, such as PSD2, and the increasing demand for seamless, secure transactions further accelerate market expansion.

U.K. Hardware Mobile Point of Sale (POS) Terminal Market Insight

The U.K. hardware mobile POS terminal market is anticipated to grow at a noteworthy CAGR during the forecast period due to the rising use of contactless and QR-based payments across retail and hospitality. The growth of pop-up stores, cafes, and small businesses utilizing mobile POS systems for flexible payments supports market adoption. The strong fintech presence and advanced payment infrastructure also make the U.K. one of the leading European markets for mobile POS terminals.

Germany Hardware Mobile Point of Sale (POS) Terminal Market Insight

The Germany hardware mobile POS terminal market is expected to grow significantly during the forecast period, fueled by the rising acceptance of electronic payments and digital invoicing systems. Retailers and healthcare providers are increasingly deploying mobile POS devices to optimize operations and enhance customer experience. Germany’s emphasis on data privacy and compliance ensures the use of secure, certified POS systems, further promoting long-term adoption.

Asia-Pacific Hardware Mobile Point of Sale (POS) Terminal Market Insight

The Asia-Pacific hardware mobile POS terminal market is poised to grow at the fastest CAGR from 2025 to 2032, driven by rapid digitalization, increasing smartphone usage, and a surge in mobile-based payment platforms. Expanding retail infrastructure and government initiatives promoting cashless transactions in countries such as China, Japan, and India are fueling demand. The growing number of SMEs adopting affordable mobile POS systems for efficient and quick payment processing is also supporting market growth across the region.

China Hardware Mobile Point of Sale (POS) Terminal Market Insight

The China hardware mobile POS terminal market accounted for the largest revenue share in Asia-Pacific in 2024, driven by the massive scale of e-commerce, digital wallet usage, and smart retail expansion. The widespread adoption of Alipay, WeChat Pay, and other mobile payment platforms has increased the need for flexible, portable POS hardware. The country’s strong domestic manufacturing base and continuous innovation in payment technologies strengthen its leading position in the region.

India Hardware Mobile Point of Sale (POS) Terminal Market Insight

The India hardware mobile POS terminal market is expected to register the fastest growth rate in Asia-Pacific during the forecast period, supported by government-led digitalization initiatives and the growing number of fintech startups. The expansion of small and mid-sized businesses adopting POS systems for UPI and contactless transactions is significantly driving adoption. Rising smartphone penetration, improved connectivity, and financial inclusion policies are transforming India into one of the most dynamic markets for mobile POS terminals.

Hardware Mobile Point of Sale (POS) Terminal Market Share

The hardware mobile point of sale (POS) terminal industry is primarily led by well-established companies, including:

• Apple Inc. (U.S.)
• Equinox Payments (U.S.)
• HP Development Company, L.P. (U.S.)
• Ingenico (France)
• iVeri (South Africa)
• Micros Retail Systems, Inc. (U.S.)
• Hintel Technology (China)
• SAMSUNG (South Korea)
• Clover Network, Inc. (U.S.)
• Miura Systems Ltd. (U.K.)
• NEC Corporation (Japan)
• Cisco Systems, Inc. (U.S.)
• Panasonic Corporation of North America (U.S.)
• PAX Technology (China)
• Toshiba Tec Corporation (Japan)
• NCR Corporation (U.S.)
• Vectron Systems Pty Ltd (Germany)
• VeriFone, Inc. (U.S.)
• Diebold Nixdorf, Incorporated (U.S.)
• SZZT Electronics Shenzhen Co., Ltd. (China)

Latest Developments in Global Hardware Mobile Point of Sale (POS) Terminal Market

• In September 2025, Square Inc. introduced its next-generation Square Terminal Pro, featuring enhanced processing speed, multi-payment compatibility, and integrated 5G connectivity, aimed at improving transaction efficiency for retailers and small enterprises. This launch is expected to strengthen Square’s position in the global hardware mobile POS terminal market by catering to the rising demand for high-performance, portable systems that support diverse payment methods and real-time analytics, ultimately driving faster adoption among SMEs and retail chains
• In May 2025, Ingenico, a leading payment solutions provider, unveiled its AXIUM DX8000 Smart POS, combining Android-based functionality with advanced biometric authentication and AI-powered analytics. This innovation enhances transaction security and user experience, aligning with the growing emphasis on smart and secure POS solutions. The product launch positions Ingenico to capture a larger market share in regions transitioning toward digital payment infrastructures, reinforcing its competitiveness in the rapidly evolving hardware mobile POS terminal landscape
• In February 2025, NCR Voyix announced a strategic agreement with Worldpay, a U.K.-based provider of payment technology, to deliver a unified cloud-based software and payment solution tailored for retailers and restaurants. Through this partnership, NCR Voyix aims to integrate Worldpay’s advanced payment acquiring services into its offerings, enabling customers to access a seamless, all-in-one platform for both software management and payment processing, strengthening NCR’s footprint in the retail technology ecosystem
• In July 2024, Shift4, the parent company of Revel Systems, acquired a majority share in Vectron Systems AG, a European provider of point-of-sale (POS) systems for the restaurant and hospitality sectors. This acquisition is set to significantly expand Shift4's presence across the European market, granting access to Vectron’s extensive customer base and a robust distribution network of approximately 300 POS resellers, accelerating its international growth strategy
• In September 2023, POSaBIT Inc., a point-of-sale system provider, launched POSaBIT POS 2.0, a scalable, agile, and user-friendly solution designed to adapt to changing market conditions. This launch strengthens POSaBIT’s market presence by addressing the growing need for flexible POS platforms capable of supporting evolving retail and payment environments, ensuring sustained competitiveness in the mobile POS market

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