Market Insights

The global wireless point-of-sale (POS) terminal market is poised to witness an above average CAGR of 13% over the forecast period of 2017 to 2023. POS terminals are implemented in various types across most all retail as it is vital in enabling card payments at cashier counters. The device is used for digital transactions made via credit or debit cards and also keeps track of the transaction and receipt.

Emerging economies are presently displaying a huge demand for wireless POS terminals Market due to the consistent support from the government promoting cashless transactions. Increasing adoption of wireless PoS Terminal Market in the retail sector has been the result of the expansion of the retail sector among other industry verticals where Wireless Pos Terminal Market is used. It offers features such as portability, convenience, and pleasant transactional experience. Increasing online transitions, however, leave consumers vulnerable to cyber-attacks which is a serious concern due to the sensitive nature of the data. Moreover, wireless PoS terminals have a high maintenance cost which is expected to challenge the growth of the market. However, advancements in payment technology and increasing demand for security is likely to yield market expanding opportunities in the coming years.

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Key Players

MRFR's competitive analysis includes prominent players such as Touch bistro, Moneris, NCR Corporation, Castles Technology, Cegid Group, Squirrel Systems, Elavon, Verifone, CITIXSYS AMERICAS, PAX Global Technology, BBPOS, BITEL, First Data, Ingenico, Diebold Nixdorf, Newland Payment Technology, and Winpos.

Market Segmentation

The wireless POS terminal is segmented by component, type, and end-user.

By component, the wireless POS terminal market is sub-segmented into hardware and software solutions. The hardware sub-segment consists of payment terminal, accessories and workstation. The payment terminal include smartphones and tablets associated with debit or credit card readers and accessories comprise monitors, receipt printers, barcode scanners, wireless barcode scanners, PIN pad, cash drawers, physical inventory scanners, and tag printers

Furthermore, the software solutions include content management, asset management, configuration solutions, and others. The service subsegment include merchant services, installation services and transaction management services, and others.

By the type, wireless POS terminal is further divided into portable countertop & pin pad, mPOS, smart POS and others.

By end-user segment, the wireless POS terminal is segmented into Retail & E-commerce, hospitality, medical & healthcare, automotive & transportation, sports & entertainment, and other Industries.

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Regional Analysis:

Geographically, the wireless POS terminal is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.

North America is presumed to dominate the region in wireless POS terminal market. The U.S. and Canada are the leading countries in the region. This is due to advanced technological infrastructure, which made them early adopter of the system. Furthermore, Asia Pacific is anticipated to be the fastest growing region in the wireless POS Terminal market over the forecast period. India, Japan, and China are the leading countries to be a better prospect region. This is attributed to government initiatives to promote the cashless economy.

Latest Industry News

NetCents Technology has entered a five-year agreement with Bleu Tech Enterprises Inc. The agreement allows the integration of NetCents cryptocurrency payment processing technology into the Bleu Point of Sale terminals.
Visionet & SmartPesa, have partnered to launch Mobey, a mPOS payment solution across Indonesia.
Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

Continues...

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