Study papers on Wireless POS Terminal market and regional forecast. Wireless POS Terminal market players are Ingenico (France), Verifone (US), First Data (US), PAX Global Technology (Hong Kong), NCR Corporation (US), Diebold Nixdorf (US), BBPOS (Hong Kong), Elavon (US), Castles Technology (Taiwan), Winpos (Finland), BITEL (Korea), Cegid Group (France), Squirrel Systems (Canada), Newland Payment Technology (China), CITIXSYS AMERICAS (US).
Download Brochure of Wireless POS Terminal Market spread across 160 pages, Profiling 20 Companies and Supported with 62 Tables and 49 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1313491
wireless POS terminal market is expected to reach USD 13.00 billion by 2023 from USD 6.73 billion in 2017,at a CAGR of 11.59% between 2017 and 2023. The factors such as wide adoption of wireless payment terminal by retailers; growing use of Euro Pay, MasterCard, and Visa (EMV) cards; increasing e-commerce transactions; increase in cashless transactions in different countries; and growing adoption of wireless technology in mobile handsets and wearable’s drive the demand for wireless POS terminals. However, security issues related to wireless technology and high maintenance cost of wireless POS systems hamper the growth of the market.
- Original device manufacturers (ODMs)
- System integrators
- Wireless POS terminal original equipment manufacturers (OEMs)
- Raw material suppliers
- Assembly and packaging vendors
- Technical universities
- Government research agencies and private research organizations
- Research institutes and organizations
- Market research and consulting firms
North America held the largest share of the wireless POS terminal market in 2016, in terms of revenue, and the similar trend is expected to continue during the forecast period. The decreasing cost of the mobile devices and growing popularity of wireless technology have resulted in the rising adoption of wireless POS terminals across North America. Growing modernization of the payment industry, along with a focus on offering solutions that are customized or business specific, is anticipated to contribute to the growth of the market. The significant use of wireless POS terminals across several industries, such as retail, hospitality, and entertainment, is also driving the wireless POS terminal market in North America.
The portable counter top and PIN pad held the largest share of the wireless POS terminal market in 2016.Portable counter top POS solutions are compact, easy to install, and simple for both merchants as well as customers. They are largely deployed in several industries such as hospitality, sports and entertainment, and retail. Apart from accepting payments, these devices can also support rich multimedia to drive customer engagement and build loyalty.
2 Ranking Analysis of Wireless POS Terminal
3 Competitive Scenario
3.1 Product Launches & Developments
3.2 Partnerships, Agreements, Joint Ventures, & Collaborations
3.3 Mergers & Acquisitions
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In this report, the wireless POS terminal market has been segmented on the basis of component, type, industry, and geography. The report also discusses the drivers, restraints, opportunities, and challenges for the market growth. It gives a detailed view of the market across 4 main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the wireless POS terminal eco system.
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