IMARC Group has recently released a new research study titled “Wireless POS Terminals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global wireless POS terminals market size reached US$ 8.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.8 Billion by 2027, exhibiting a growth rate (CAGR) of 11.36% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Wireless point of sale (POS) terminals are handheld terminals that enable the user to accept credit and debit card payments securely and quickly from any location. This portable system has proven to be ideal for places that lack counter space or have an outdoor setting such as delivery or transportation operations. These terminals utilize 3G technology for connecting to the network which leads to rapid data transmission and offers a wider coverage area.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Wireless POS Terminals Market Trends and Drivers:
Market players are introducing several advanced systems with multiple functionalities to broaden the variety of POS software available to retailers. Besides, smaller businesses around the world are currently displaying a requirement of user-friendly and cost-effective payment systems which has further created growth opportunities for the manufacturers. Moreover, increasing deployment of these systems in movie theatres, museums, casinos and theme parks is also driving their demand. In the next few years, improving economic scenario in emerging nations like India, China, Indonesia and South Africa will help in the development of a state-of-the-art payment ecosystem in these regions which, in turn, will drive the growth of the wireless POS terminals market.
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Wireless POS Terminals Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- First Data
- PAX Global Technology
- NCR Corporation
- Diebold Nixdorf
- Castles Technology
- Cegid Group
- Squirrel Systems
- Newland Payment Technology
- Citixsys Americas
- Revel Systems
- TouchBistro Inc.
The report has segmented the market into the following categories:
Breakup by Type:
- Portable Countertop and Pin Pad
- Smart POS
Breakup by Component
- POS Software and Services
Breakup by Technology
- NFC Terminal
- Non-NFC Terminal
Breakup by Industry
- Sports and Entertainment
Breakup by Region
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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