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Wireless POS Terminals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5682273

Quick Summary:

In today's digitized world, the efficacy and scalability of businesses, especially in the banking sector, retail, hospitality, and transportation, have never been more reliant on technological integration. The global wireless POS terminals market is crucially embedded in this trend, offering essential services like card payment processing and a condensed repository for transaction management. This vital technology establishes secure transactions, streamlines business operations across various industries, and provides expedited services to consumers due to a seamless interface between the user and their banking information.

Additionally, the market is witnessing considerable growth due to the advancement in wireless connectivity and the increased availability of peripherals that fit ideally into the operating framework. The portability of these terminals, coupled with their affordability, is another compelling factor in reducing operational costs for businesses. Furthermore, sophisticated developments in terminal designs that fit into credit-card-sized equipment, to a growing trend of using existing mobile devices with POS software, are contributing significantly to industry growth. All these developments and trends underpin the relevance of this comprehensive report on the wireless POS terminals market, providing discerning insights into market segmentation, technology in use, and competitive landscape.

The global wireless POS terminals market size reached US$ 9.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.26% during 2023-2028.

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:

The publisher 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 2023-2028. Our report has categorized the market based on type, component, technology and industry.

Breakup by Type:

  • Portable Countertop and Pin Pad
  • MPOS
  • Smart POS
  • Others
Based on the type, the market has been segmented into portable countertop and pin pad, MPOS, smart POS and others.

Breakup by Component:

  • Hardware
  • POS Software and Services
Based on the component, the market has been segmented into hardware, and POS software and services.

Breakup by Technology:

  • NFC Terminal
  • Non-NFC Terminal
Based on the technology, the market has been segmented into NFC terminal and non-NFC terminal.

Breakup by Industry:

  • Retail
  • Hospitality
  • Healthcare
  • Transportation
  • Sports and Entertainment
  • Others
Based on the industry, the market has been segmented into retail, hospitality, healthcare, transportation, sports and entertainment and others.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa and 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:

  • How has the global wireless POS terminals market performed so far and how will it perform in the coming years?
  • What is the breakup of the global wireless POS terminals market on the basis of region?
  • What has been the impact of COVID-19 on the global wireless POS terminals market?
  • What is the breakup of the global wireless POS terminals on the basis of type?
  • What is the breakup of the global wireless POS terminals on the basis of component?
  • What is the breakup of the global wireless POS terminals on the basis of technology?
  • What is the breakup of the global wireless POS terminals on the basis of industry?
  • What are the various stages in the value chain of the global wireless POS terminals market?
  • What are the key driving factors and challenges in the global wireless POS terminals market?
  • What is the structure of the global wireless POS terminals market and who are the key players?
  • What is the degree of competition in the global wireless POS terminals market?
Frequently Asked Questions about the Global Wireless POS Terminals Market

What is the estimated value of the Global Wireless POS Terminals Market?

The Global Wireless POS Terminals Market was estimated to be valued at $9.3 Billion in 2022.

What is the growth rate of the Global Wireless POS Terminals Market?

The growth rate of the Global Wireless POS Terminals Market is 11.1%, with an estimated value of $17.5 Billion by 2028.

What is the forecasted size of the Global Wireless POS Terminals Market?

The Global Wireless POS Terminals Market is estimated to be worth $17.5 Billion by 2028.

Who are the key companies in the Global Wireless POS Terminals Market?

Key companies in the Global Wireless POS Terminals Market include Health and Happiness (H&H) International Holdings Limited, Tomson Group Limited, Real Nutriceutical Group Limited, Shanghai October Mommy Network Co. Ltd, Happy House Company, Mum &me, Nanchang Jingqi Clothing Co. Ltd., Kangaroo Mother, Pro Run and Pigeon Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wireless POS Terminals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Component
5.6 Market Breakup by Technology
5.7 Market Breakup by Industry
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Type
6.1 Portable Countertop and Pin Pad
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 MPOS
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Smart POS
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 POS Software and Services
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Technology
8.1 NFC Terminal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non-NFC Terminal
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Industry
9.1 Retail
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Hospitality
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Healthcare
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Transportation
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Sports and Entertainment
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 Global Wireless POS Terminals Industry: SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Global Wireless POS Terminals Industry: Value Chain Analysis
13 Global Wireless POS Terminals Industry: Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Global Wireless POS Terminals Industry: Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Ingenico
15.3.2 Verifone
15.3.3 First Data
15.3.4 PAX Global Technology
15.3.5 NCR Corporation
15.3.6 Diebold Nixdorf
15.3.7 BBPOS
15.3.8 Elavon
15.3.9 Castles Technology
15.3.10 Winpos
15.3.11 Bitel
15.3.12 Cegid Group
15.3.13 Squirrel Systems
15.3.14 Newland Payment Technology
15.3.15 Citixsys Americas
15.3.16 Izettle
15.3.17 Revel Systems
15.3.18 ShopKeep
15.3.19 TouchBistro Inc.
15.3.20 Vend
List of Figures
Figure 1: Global: Wireless POS Terminals Market: Major Drivers and Challenges
Figure 2: Global: Wireless POS Terminals Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Wireless POS Terminals Market: Breakup by Type (in %), 2022
Figure 4: Global: Wireless POS Terminals Market: Breakup by Component (in %), 2022
Figure 5: Global: Wireless POS Terminals Market: Breakup by Technology (in %), 2022
Figure 6: Global: Wireless POS Terminals Market: Breakup by Industry (in %), 2022
Figure 7: Global: Wireless POS Terminals Market: Breakup by Region (in %), 2022
Figure 8: Global: Wireless POS Terminals Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Wireless POS Terminals Industry: SWOT Analysis
Figure 10: Global: Wireless POS Terminals Industry: Value Chain Analysis
Figure 11: Global: Wireless POS Terminals Industry: Porter’s Five Forces Analysis
Figure 12: Global: Wireless POS Terminals (Portable Countertop and Pin Pad) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Wireless POS Terminals (Portable Countertop and Pin Pad) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Wireless POS Terminals (MPOS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Wireless POS Terminals (MPOS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Wireless POS Terminals (Smart POS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Wireless POS Terminals (Smart POS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Wireless POS Terminals (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Wireless POS Terminals (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Wireless POS Terminals (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Wireless POS Terminals (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Wireless POS Terminals (POS Software and Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Wireless POS Terminals (POS Software and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Wireless POS Terminals (NFC Terminal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Wireless POS Terminals (NFC Terminal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Wireless POS Terminals (Non-NFC Terminal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Wireless POS Terminals (Non-NFC Terminal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Wireless POS Terminals (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Wireless POS Terminals (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Wireless POS Terminals (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Wireless POS Terminals (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Wireless POS Terminals (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Wireless POS Terminals (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Wireless POS Terminals (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Wireless POS Terminals (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Wireless POS Terminals (Sports and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Wireless POS Terminals (Sports and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Wireless POS Terminals (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Wireless POS Terminals (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia Pacific: Wireless POS Terminals Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia Pacific: Wireless POS Terminals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Wireless POS Terminals Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Wireless POS Terminals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Wireless POS Terminals Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Wireless POS Terminals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Middle East and Africa: Wireless POS Terminals Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Middle East and Africa: Wireless POS Terminals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Latin America: Wireless POS Terminals Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Latin America: Wireless POS Terminals Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Wireless POS Terminals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Wireless POS Terminals Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Wireless POS Terminals Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Wireless POS Terminals Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Wireless POS Terminals Market Forecast: Breakup by Industry (in Million US$), 2023-2028
Table 6: Global: Wireless POS Terminals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Wireless POS Terminals Market: Competitive Structure
Table 8: Global: Wireless POS Terminals Market: Key Players

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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