Wireless Point-of-Sale Terminal Market by Components (Services & Software and Hardware), Type (Portable Countertop & PIN Pad, mPOS, Smart POS, and Others), Vertical (Hospitality, Healthcare, Retail, Sports & Entertainment, and Others) and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026
- Report Code : IHR2185360
- Published On: Apr, 2021
- Category : IT & Telecom
- Pages : 91
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Wireless Point-of-Sale Terminal is a device used for a cash register that can process the credit card and debit card payments in the retail stores for the goods purchased or for the services taken. Globally, the Wireless Point-of-Sale Terminal market is expanding, and the factors such as increasing usage of Visa, Mastercard, and Europay for all transactions, rapidly growing e-commerce transactions which give scope for the Wireless Point-of-Sale Terminals where all the transactions are virtually done which drive the market growth. However, the issues related to safety and security in the process of transactions restrain the market growth. Wireless Point-of-Sale Terminals Market is predicted to grow at a CAGR of 12.17% with a value expecting to reach at $19.42 billion by 2026 from a value $9.75 billion in 2020
Research Methodology:
The wireless point-of-sale terminal market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:
The Wireless Point-of-Sale Terminal market is segmented as follows:
Based on Components:
• Services & Software
• Hardware
Based on Type:
• Portable Countertop & PIN Pad
• mPOS
• Smart POS
• Other
Based on Vertical:
• Hospitality
• Healthcare
• Retail
• Sports & Entertainment
• Others
Based on Geography:
• North America
• Europe
• Asia Pacific
• Rest of the World
The market based on component -services & software segment is growing the highest CAGR as compared to other segments due to the increasing need for updated software versions as well as the continuous need of maintenance and support for hardware components.
The market based on industry vertical – The retail segment is expected to have the largest share because the retailers are adopting these devices for safe payments and to prevent fraud. Further, enabling the additional effective features such as systemic invoice systems, offers, record management, data back-up, and customer transaction history maintenance influence the retailer to opting for these devices.
The market based on type is divided into a portable countertop, mPOS, Smart POS, and other – The portable and pin segment hold major market share. It is because they are small in size, effortless to install the device and easy to use. These devices are majorly used in small and medium scale businesses for transaction purposes. These solutions are effortless used in many industrial sectors such as healthcare, sports & entertainment, retail, eCommerce, and many more.
The market based on geography – North America is the largest contributor in the market as it is adopting the advanced payment systems in all industries such as entertainment, hospitality, and retail. As well as the preference to provide customized solutions in this region support in the market growth. The Asia Pacific is the second largest share due to the increased awareness promoted by the government to promote a cashless economy and opt for online transactions.
Globally, money transactions are made easy by e-payment. The Wireless Point-of-Sale Terminal is one of the e-payment, and the major factor contributing to Wireless Point-of-Sale Terminal market growth is rapidly increasing payments based on e-payments via cards, mobile and other devices for cashless transactions. Reduced costs of mobile technologies and the dependency on these technologies are providing the opportunity for the market to grow in all the regions. Somehow, the high costs involved in the maintenance of the Wireless Point-of-Sale Terminal devices which is restrained to the market.
The key players in the Wireless Point-of-Sale Terminal market are - Cisco Systems, Inc, Diebold Nixdorf, Incorporated, Hewlett-Packard Inc., Hisense, Ingenico Group, NEC Corporation, Newland Payment Technology, Panasonic Corporation, PAX Technology, MICROS Systems Inc, Samsung Electronics Inc, VeriFone System Inc, and Toshiba Corporation
Moreover, the increasing awareness about the cashless transaction, which leads to the adoption of dual-interface chip technology and multi-application support by NFC and HCE, is creating opportunities for market growth. This report will help the market players to understand the key market trends, market dynamics, and dynamic needs of the end-users. The qualitative and quantitative analysis enhances the user experience of the report.
● The competitive analysis of the major players enables users to understand the dynamic strategies such as product innovation, partnerships, merger & acquisitions, and joint ventures of the key players
● This report also provides the portfolio analysis, capability analysis of the leading players
● Quantitative analysis of the market enables users to understand the actual facts of the market across four major regions
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With tables and figures helping analyze worldwide Wireless Point of Sale Terminal market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Total Addressable Market
3.2. Segment Addressable Market
3.2.1. PEST Analysis
3.2.2. Porter Five Forces
3.3. Related Markets
3.4. Ecosystem
4. Market Outlook
4.1. Overview
4.1.1. Market Evolution
4.2. Market Trends and Impact
4.3. Pricing Analysis
4.4. Market Segmentation
4.5. Market Dynamics
4.5.1. Drivers
4.5.2. Restraints
4.5.3. Opportunities
4.6. DRO - Impact Analysis
5. Components: Market Size & Analysis
5.1. Overview
5.2. Services & Software
5.3. Hardware
6. Type: Market Size & Analysis
6.1. Overview
6.2. Portable Countertop & PIN Pad
6.3. mPOS
6.4. Smart POS
6.5. Other
7. Vertical: Market Size & Analysis
7.1. Overview
7.2. Hospitality
7.3. Healthcare
7.4. Retail
7.5. Sports & Entertainment
7.6. Others
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.3. Mergers and Acquisitions, Legal, Awards, Partnerships
9.4. Product Launches and execution
10. Vendor Profiles
10.1. AURES Group
10.1.1. Overview
10.1.2. Business Units
10.1.3. Geographic Revenue
10.1.4. Product Offerings
10.1.5. Developments
10.1.6. Business Strategy
10.2. BBPOS Limited
10.2.1. Overview
10.2.2. Business Units
10.2.3. Geographic Revenue
10.2.4. Product Offerings
10.2.5. Developments
10.2.6. Business Strategy
10.3. Bematech SA
10.3.1. Overview
10.3.2. Business Units
10.3.3. Geographic Revenue
10.3.4. Product Offerings
10.3.5. Developments
10.3.6. Business Strategy
10.4. Bitel Co., Ltd.
10.4.1. Overview
10.4.2. Business Units
10.4.3. Geographic Revenue
10.4.4. Product Offerings
10.4.5. Developments
10.4.6. Business Strategy
10.5. Castles Technology, Co. Ltd.
10.5.1. Overview
10.5.2. Business Units
10.5.3. Geographic Revenue
10.5.4. Product Offerings
10.5.5. Developments
10.5.6. Business Strategy
10.6. Cisco Systems, Inc.
10.6.1. Overview
10.6.2. Business Units
10.6.3. Geographic Revenue
10.6.4. Product Offerings
10.6.5. Developments
10.6.6. Business Strategy
10.7. Diebold Nixdorf, Incorporated
10.7.1. Overview
10.7.2. Business Units
10.7.3. Geographic Revenue
10.7.4. Product Offerings
10.7.5. Developments
10.7.6. Business Strategy
10.8. Fujian Newland Payment Technology Co., Ltd.
10.8.1. Overview
10.8.2. Business Units
10.8.3. Geographic Revenue
10.8.4. Product Offerings
10.8.5. Developments
10.8.6. Business Strategy
10.9. Ingenico Group
10.9.1. Overview
10.9.2. Business Units
10.9.3. Geographic Revenue
10.9.4. Product Offerings
10.9.5. Developments
10.9.6. Business Strategy
10.10. Micros Systems, Inc.
10.10.1. Overview
10.10.2. Business Units
10.10.3. Geographic Revenue
10.10.4. Product Offerings
10.10.5. Developments
10.10.6. Business Strategy
11. Companies to Watch
11.1. Squirrel Systems
11.1.1. Overview
11.1.2. Market
11.1.3. Business Strategy
11.2. Hewlett-Packard
11.2.1. Overview
11.2.2. Market
11.2.3. Business Strategy
11.3. Toshiba Corporation
11.3.1. Overview
11.3.2. Market
11.3.3. Business Strategy
11.4. Touch Dynamic Inc.
11.4.1. Overview
11.4.2. Market
11.4.3. Business Strategy
11.5. PAX Technology
11.5.1. Overview
11.5.2. Market
11.5.3. Business Strategy
11.6. Posiflex Technology, Inc.
11.6.1. Overview
11.6.2. Market
11.6.3. Business Strategy
11.7. Samsung Electronics Co., Ltd.
11.7.1. Overview
11.7.2. Market
11.7.3. Business Strategy
11.8. Shenzhen Xinguodu Technology Co., Ltd.
11.8.1. Overview
11.8.2. Market
11.8.3. Business Strategy
11.9. VeriFone Systems Inc
11.9.1. Overview
11.9.2. Market
11.9.3. Business Strategy
11.10. NCR Corporation
11.10.1. Overview
11.10.2. Market
11.10.3. Business Strategy
11.11. NEC Corporation
11.11.1. Overview
11.11.2. Market
11.11.3. Business Strategy
11.12. New POS Technology Limited
11.12.1. Overview
11.12.2. Market
11.12.3. Business Strategy
11.13. Panasonic Corporation
11.13.1. Overview
11.13.2. Market
11.13.3. Business Strategy
11.14. PAR Technology Corporation
11.14.1. Overview
11.14.2. Market
11.14.3. Business Strategy
11.15. Square, Inc.
11.15.1. Overview
11.15.2. Market
11.15.3. Business Strategy
12. Analyst Opinion
13. Annexure
13.1. Report Scope
13.2. Market Definitions
13.3. Research Methodology
13.3.1. Data Collation and In-house Estimation
13.3.2. Market Triangulation
13.3.3. Forecasting
13.4. Report Assumptions
13.5. Declarations
13.6. Stakeholders
13.7. Abbreviations
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The Wireless Point of Sale Terminal Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
It is expected that the Wireless Point of Sale Terminal Market will reach USD XX million by 2029.
A handful of disruptive trends, nevertheless, will have a contradictory and significant impact on the development of the Wireless Point of Sale Terminal Market as well as its distribution among its players
This latest research publication on the Wireless Point of Sale Terminal Market is an in-depth market tracker that provides a comprehensive assessment of the challenges that manufacturers face in achieving new growth cycles in the current scenario.
