Wireless POS Terminal Market Share, Future Growth, Booming Insights, Top Key Players, Industry Segments And Forecast 2023-2032: Elavon Inc., VeriFone Inc., Fiserv Inc., PAX Global Technology Limited, NCR Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Wireless POS Terminal Market Size, Growth Rate, And Forecast

The global wireless pos terminal market size grew from $10.45 billion in 2022 to $11.72 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wireless pos terminal market size is expected to grow to $18.3 billion in 2027 at a CAGR of 11.8%.

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Wireless POS Terminal Market Drivers

Increasing e-commerce transactions are expected to propel the growth of the wireless POS terminal market going forward. E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. Due to the surge in e-commerce transactions, acceptance of cashless transactions, and increased use of wireless terminals by retailers, e-commerce platforms have become the market leaders, necessitating the use of wireless POS software systems. For instance, according to a June 2022 article by Morgan Stanley, a US-based investment management and financial services organization, global e-commerce accounted for almost 22% of total sales between 2019 and 2021, rising from 15% to 21% of all retail sales. Furthermore, according to Forbes, an American business journal, e-commerce sales in the US hit $870 billion in 2021, increasing 14.2% from 2020 and 50.5% from the year before. E-commerce made up 13.2% of retail sales in the US in 2021. Therefore, increasing e-commerce transactions are the main factor propelling the market for wireless POS terminals.

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Wireless POS Terminal Market Segments

• By Type: Portable Countertop and PIN Pad, mPOS, Smart POS, Mini POS, Smart Mobile Dongl

• By Component: Hardware, Software, Services

• By Technology: NFC Terminal, Non-NFC Terminal

• By Application: Restaurants, Hospitality, Healthcare, Retail, Warehouse or Distribution, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the wireless POS terminal market.

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Wireless POS Terminal Market Key Players
Major competitors in the wireless pos terminal market are Elavon Inc., VeriFone Inc., Fiserv Inc., PAX Global Technology Limited, NCR Corporation, iVeri Payment Technologies (Pty) Ltd., Cegid SA, Squirrel Systems, Castle Advanced Technologies And Systems Private Limited, Fujian Newland Payment Technology Co. Ltd.

The Business Research Company's "Global Wireless POS Terminal Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Wireless POS Terminal Market Include:
1. Executive Summary
2. Wireless POS Terminal Market Characteristics
3. Wireless POS Terminal Market Trends And Strategies
4. Wireless POS Terminal Market - Macro Economic Scenario
5. Wireless POS Terminal Market Size And Growth
………………
27. Wireless POS Terminal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wireless POS Terminal Market
29. Wireless POS Terminal Market Future Outlook and Potential Analysis
30. Appendix

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