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Global Wireless POS Terminal Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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    Report

  • 182 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5544138
The Global Wireless POS Terminal Market is estimated to be USD 14.19 Bn in 2023 and is expected to reach USD 26.57 Bn by 2028 growing at a CAGR of 13.36%

Market Dynamics

The Global Wireless POS Terminal Market is driving due to the retail sector's broad adoption of wireless payment terminals. It helps prevent fraud, efficient invoice systems, inventory management systems, data back-up, discount offers, customer records, and executes secure online payments. Additionally, the increasing e-commerce industry and cashless transactions in different countries are raising the demand for wireless POS terminals. The growing adoption of wireless technologies in wearables and mobile handsets is the primary factor driving the market’s growth. On the other hand, issues related to security in wireless technology and high costs associated with wireless POS system maintenance are the factors restricting the market's growth.

Furthermore, increasing reliability with reducing costs in wireless technology and growing mass adoption of Dual-Interface Chip technology and Multi-Application Support by NFC and Hce are creating potential opportunities for the market to grow in the forecasted period. Moreover, lack of system standardization and consumer awareness related to the benefits of wireless POS systems and slow adoption of wireless POS terminals are the challenges that may affect the market’s growth.

Market Segmentation

  • The Global Market is segmented further based on Component Type, Industry Type, and Geography.
  • By Component Type, the market is classified into Hardware and POS systems & Services.
  • By Type, the Wireless POS Terminal market is classified into Portable Countertop & PIN Pad, Mpos, Smart POS. Other Types include Mini POS and Smart Mobile Dongle.
  • By Industry Type, the Wireless POS Terminal market is classified into Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment, and Other Industries, including Home Delivery and Service Delivery.
  • By Geography, America is projected to lead the market.

Recent Developments

1. Lightspeed Commerce, Inc acquired Ecwid to help merchants reach shoppers on social media or digital marketplace- October 01, 2021
2. PAX Technology launched M30 & M50 Android PayPhones with the inbuilt point of sale technology that combines benefits of secure EMV & PCI 6 certified payment terminals within the smartphone ecosystem- September 27, 2021
3. NCR Corporation signs agreement to acquire LibertyX to provide complete digital currency solution to their customers-August 2, 2021
4. Newland Payment Technology Co Ltd in partnership with (PAYGO) Financial Teknoloji Hizmetleri A.S launched SP630 ECR, a Mobile Fiscal Cash Register POS device that helps in tackling new challenges of payments-May 27, 2021

Company Profiles

Some of the companies covered in this report are Diebold Nixdorf Incorporated, First Data Corporation, Lightspeed Commerce, Inc, Newland Payment Technology Co Ltd, NCR Corporation, Oracle Corporation, PAX Technology, Revel Systems, Verifone Holdings, Inc, Worldline, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Wireless POS Terminal Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Wireless POS Terminal Market

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

The Global Wireless POS Terminal Market was estimated to be valued at $14.19 Billion in 2023.

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

The growth rate of the Global Wireless POS Terminal Market is 13.3%, with an estimated value of $26.57 Billion by 2028.

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

The Global Wireless POS Terminal Market is estimated to be worth $26.57 Billion by 2028.

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

Key companies in the Global Wireless POS Terminal Market include Adazon, Inc, BBPOS, BITEL CO LTD, Castle Technology Co Ltd, Cegid Group, CitiXsys America, Inc, Datasym POS, Inc, Diebold Nixdorf Incorporated, DRB Systems and Elavon, Inc.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Use of Different Varieties of Cards
4.1.2 Increasing E-Commerce Industry and Cashless Transactions
4.1.3 Surging Adoption of Wireless Technologies
4.2 Restraints
4.2.1 Issued related to Security in Wireless Technology
4.2.2 High Maintenance Cost of Wireless POS System
4.3 Opportunities
4.3.1 Increasing Reliability with Cost Reduction of Wireless Technology
4.3.2 Growing Mass Adoption of Dual-Interface Chip Technology
4.4 Challenges
4.4.1 Lack of Consumer Awareness and System Standardization
4.4.2 Slow Adoption of Wireless POS Terminals
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Wireless POS Terminal Market, By Component Type
6.1 Introduction
6.2 Hardware
6.3 POS System & Services
7 Global Wireless POS Terminal Market, By Type
7.1 Introduction
7.2 Portable Countertop & PIN Pad
7.3 Mpos
7.4 Smart POS
7.5 Other Types
7.5.1 Mini POS
7.5.2 Smart Mobile Dongle
8 Global Wireless POS Terminal Market, By Industry Type
8.1 Introduction
8.2 Retail
8.3 Hospitality
8.4 Healthcare
8.5 Transportation
8.6 Sports & Entertainment
8.7 Other Industries
8.7.1 Home Delivery
8.7.2 Service Delivery
9 Global Wireless POS Terminal Market, By Geography
9.1 Introduction
9.1 America
9.1.1 Argentina
9.1.2 Brazil
9.1.3 Canada
9.1.4 Chile
9.1.5 Colombia
9.1.6 Mexico
9.1.7 Peru
9.1.8 United States
9.1.9 Rest of Americas
9.2 Europe
9.2.1 Austria
9.2.2 Belgium
9.2.3 Denmark
9.2.4 Finland
9.2.5 France
9.2.6 Germany
9.2.7 Italy
9.2.8 Netherlands
9.2.9 Norway
9.2.10 Poland
9.2.11 Russia
9.2.12 Spain
9.2.13 Sweden
9.2.14 Switzerland
9.2.15 United Kingdom
9.2.16 Rest of Europe
9.3 Middle East and Africa
9.3.1 Egypt
9.3.2 Israel
9.3.3 Qatar
9.3.4 Saudi Arabia
9.3.5 South Africa
9.3.6 United Arab Emirates
9.3.7 Rest of MEA
9.4 Asia-Pacific
9.4.1 Australia
9.4.2 Bangladesh
9.4.3 China
9.4.4 India
9.4.5 Indonesia
9.4.6 Japan
9.4.7 Malaysia
9.4.8 Philippines
9.4.9 Singapore
9.4.10 South Korea
9.4.11 Sri Lanka
9.4.12 Thailand
9.4.13 Taiwan
9.4.14 Rest of Asia
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Adazon, Inc
11.2 BBPOS
11.3 BITEL CO LTD
11.4 Castle Technology Co Ltd
11.5 Cegid Group
11.6 CitiXsys America, Inc
11.7 Datasym POS, Inc
11.8 Diebold Nixdorf Incorporated
11.9 DRB Systems
11.10 Elavon, Inc
11.11 Flytech Technology Co Ltd
11.12 First Data Corporation
11.13 Givex Corporation
11.14 Harbortouch
11.15 Lightspeed Commerce, Inc
11.16 Meridian Payment Systems
11.17 Newland Payment Technology Co Ltd
11.18 NCR Corporation
11.19 Oracle Corporation
11.20 PAX Technology
11.21 PayPal Holdings, Inc
11.22 Quisitive Technology Solutions, Inc
11.23 Revel Systems
11.24 Squirrel Systems
11.25 TekVisions, Inc
11.26 TouchBistro, Inc
11.27 U.S. Bancorp
11.28 Verifone Holdings, Inc
11.29 Winpos Group, Inc
11.30 Worldline
11.31 Zebra Technologies Corporation
12 Appendix
12.1 Questionnaire

Companies Mentioned

  • Adazon, Inc
  • BBPOS
  • BITEL CO LTD
  • Castle Technology Co Ltd
  • Cegid Group
  • CitiXsys America, Inc
  • Datasym POS, Inc
  • Diebold Nixdorf Incorporated
  • DRB Systems
  • Elavon, Inc
  • Flytech Technology Co Ltd
  • First Data Corporation
  • Givex Corporation
  • Harbortouch
  • Lightspeed Commerce, Inc
  • Meridian Payment Systems
  • Newland Payment Technology Co Ltd
  • NCR Corporation
  • Oracle Corporation
  • PAX Technology
  • PayPal Holdings, Inc
  • Quisitive Technology Solutions, Inc
  • Revel Systems
  • Squirrel Systems
  • TekVisions, Inc
  • TouchBistro, Inc
  • U.S. Bancorp
  • Verifone Holdings, Inc
  • Winpos Group, Inc
  • Worldline
  • Zebra Technologies Corporation