What is Wireless POS Terminals Market Scope?
Wireless POS (point of sale) terminal is defined as the electronic equipment in which transaction is taking place between a merchant and a customer when a product is sold. It basically performing the sales transaction and processing credit card payments. Owing to its various features such as receiving payments and track all sales and tax data, it is widely used in restraint, bar, retail, small business, café and other places. Increasing e-commerce transactions leading to rising in demand for wireless POS terminals is the major drivers which are propelling the growth of the market.
Influencing Trend:
Technology Advancement in Wireless POS Terminal
Market Growth Drivers:
Wide Adoption of Wireless Payment Terminal by Retailers, Growing Use of Europay, Mastercard, and Visa (EMV) Cards, Increase in Cashless Transactions in Different Countries and Growing Adoption of Wireless Technology in Mobile Handsets and Wearables
Challenges:
Lack of Standardization as well as Consumer Awareness Regarding Wireless POS Technology and Issue related to Slow Rate of Adoption of Wireless POS Terminals
Restraints:
Security Issues Related to Wireless Technology and High Maintenance Cost of Wireless POS Systems
Opportunities:
Reduction in Cost of Wireless Technology as well as Increase in Their Reliability and Mass Adoption of Dual-Interface Chip Technology and Multi-Application Support By NFC and Hce
The Wireless POS Terminals market study is being classified by Type (Portable Countertop & PIN Pad, mPOS, Smart POS and Other Types (Mini POS and Smart Mobile Dongle)), by Application and major geographies with country level break-up.
According to AMA, the Global Wireless POS Terminals market is expected to see growth rate of 12.3% and may see market size of USD9.77 Billion by 2028.The market is fragmented with numerous players focusing on technique and quality of the product due to which the global Wireless POS Terminal market can witness an upsurge in the forecast period Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Wireless POS Terminals market throughout the predicted period.
Ingenico (France), Verifone (United States), First Data (United States), PAX Global Technology (Hong Kong), NCR Corporation (United States), Diebold Nixdorf (United States), BBPOS (Hong Kong), Elavon (United States), Castles Technology (Taiwan), Winpos (Finland), Oracle Corporation (United States), Square, Inc (United States) and HP Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are BITEL (South Korea), Cegid Group (France), Squirrel Systems (Canada), Newland Payment Technology (China), Citixsys Americas (United States) and eHopper POS (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Wireless POS Terminals market by Type, Application and Region.
On the basis of geography, the market of Wireless POS Terminals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Vietnam, Singapore, Indonesia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In June 2017, VeriFone Holdings, Inc. (United States) Company has launched the portable Verifone V240m as well as standalone Verifone e285 solutions built on its propriety Linux-based platform. Henceforth, this would help in increasing the customer base and expansion of the company.
Key Target Audience
Original Device Manufacturers (ODMs), System Integrators, Wireless POS Terminal Original Equipment Manufacturers (OEMs), Raw Material Suppliers and Others
Wireless POS Terminals Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Wireless POS Terminals Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Wireless POS Terminals industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.