The global wireless POS terminals market size reached US$ 10.3 Billion in 2023. Looking forward, the market is projected to reach US$ 24.3 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2023-2032.
A wireless POS terminal (Point of Sale) is a digital device employed to process card payments in banks, retail stores, museums, metro stations, pharmacies and restaurants. It is bifurcated into software and hardware solutions. The software solution consists of asset management, content management and configuration solutions. Whereas, the hardware category includes workstation, payment terminals like smartphones and tablets allied with credit or debit card readers, and accessories including monitors, barcode scanners, receipt printers and cash drawers.
The POS process generally begins with the scanning of a user’s information provided by their debit, credit or prepaid card. Following this, the terminal verifies whether the available amount is sufficient to complete the transaction from the user’s bank account. The transaction takes place after confirmation and the terminal stores a note of the transfer and acknowledges it with a receipt.
In addition to this, the affordable and portable nature of these terminals is a major advantage which helps in reducing the operation cost for retailers. Further, ultra-portable forms of these systems are being introduced by manufacturers. For instance, they have produced POS terminals with the size of a credit card. Apart from this, the number of people using their existing tablet/system as a POS terminal with the help of specialized software is rapidly increasing.
2. What is the expected growth rate of the global wireless POS terminals market during 2024-2032?
3. What are the key factors driving the global wireless POS terminals market?
4. What has been the impact of COVID-19 on the global wireless POS terminals market?
5. What is the breakup of the global wireless POS terminals market based on the type?
6. What is the breakup of the global wireless POS terminals market based on the component?
7. What is the breakup of the global wireless POS terminals market based on the technology?
8. What is the breakup of the global wireless POS terminals market based on the industry?
9. What are the key regions in the global wireless POS terminals market?
10. Who are the key players/companies in the global wireless POS terminals market?
A wireless POS terminal (Point of Sale) is a digital device employed to process card payments in banks, retail stores, museums, metro stations, pharmacies and restaurants. It is bifurcated into software and hardware solutions. The software solution consists of asset management, content management and configuration solutions. Whereas, the hardware category includes workstation, payment terminals like smartphones and tablets allied with credit or debit card readers, and accessories including monitors, barcode scanners, receipt printers and cash drawers.
The POS process generally begins with the scanning of a user’s information provided by their debit, credit or prepaid card. Following this, the terminal verifies whether the available amount is sufficient to complete the transaction from the user’s bank account. The transaction takes place after confirmation and the terminal stores a note of the transfer and acknowledges it with a receipt.
Wireless POS Terminals Market Drivers:
The introduction of Personal Identification Number (PIN) and chip-embedded payment cards have minimized security-related concerns, thereby creating a positive outlook for the global wireless POS terminals market. Moreover, the sales of POS terminals are being boosted by the increasing wireless connectivity coupled with the availability of peripheral devices, scanners, card readers, and printers.In addition to this, the affordable and portable nature of these terminals is a major advantage which helps in reducing the operation cost for retailers. Further, ultra-portable forms of these systems are being introduced by manufacturers. For instance, they have produced POS terminals with the size of a credit card. Apart from this, the number of people using their existing tablet/system as a POS terminal with the help of specialized software is rapidly increasing.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global wireless POS terminals market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on type, component, technology and industry.Breakup by Type:
- Portable Countertop and Pin Pad
- MPOS
- Smart POS
- Others
Breakup by Component:
- Hardware
- POS Software and Services
Breakup by Technology:
- NFC Terminal
- Non-NFC Terminal
Breakup by Industry:
- Retail
- Hospitality
- Healthcare
- Transportation
- Sports and Entertainment
- Others
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Ingenico, Verifone, First Data, PAX Global Technology, NCR Corporation, Diebold Nixdorf, BBPOS, Elavon, Castles Technology, Winpos, Bitel, Cegid Group, Squirrel Systems, Newland Payment Technology, Citixsys Americas, Izettle, Revel Systems, ShopKeep, TouchBistro Inc. and Vend.Key Questions Answered in This Report
1. How big is the global wireless POS terminals market?2. What is the expected growth rate of the global wireless POS terminals market during 2024-2032?
3. What are the key factors driving the global wireless POS terminals market?
4. What has been the impact of COVID-19 on the global wireless POS terminals market?
5. What is the breakup of the global wireless POS terminals market based on the type?
6. What is the breakup of the global wireless POS terminals market based on the component?
7. What is the breakup of the global wireless POS terminals market based on the technology?
8. What is the breakup of the global wireless POS terminals market based on the industry?
9. What are the key regions in the global wireless POS terminals market?
10. Who are the key players/companies in the global wireless POS terminals market?
Table of Contents
1 Preface3 Executive Summary12 Global Wireless POS Terminals Industry: Value Chain Analysis14 Global Wireless POS Terminals Industry: Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Wireless POS Terminals Market
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Technology
9 Market Breakup by Industry
10 Market Breakup by Region
11 Global Wireless POS Terminals Industry: SWOT Analysis
13 Global Wireless POS Terminals Industry: Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Ingenico
- Verifone
- First Data
- PAX Global Technology
- NCR Corporation
- Diebold Nixdorf
- BBPOS
- Elavon
- Castles Technology
- Winpos
- Bitel
- Cegid Group
- Squirrel Systems
- Newland Payment Technology
- Citixsys Americas
- Izettle
- Revel Systems
- ShopKeep
- TouchBistro Inc.
- Vend
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 10.3 Billion |
| Forecasted Market Value ( USD | $ 24.3 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
