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%
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.
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
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, 20212. 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
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Influencers
5 Market Analysis
6 Global Wireless POS Terminal Market, By Component Type
7 Global Wireless POS Terminal Market, By Type
8 Global Wireless POS Terminal Market, By Industry Type
9 Global Wireless POS Terminal Market, By Geography
10 Competitive Landscape
11 Company Profiles
12 Appendix
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