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Wireless POS Terminal Global Market Analysis, Trends, Growth, Research And Forecast 2033

06-19-2024 04:20 PM CET | Media & Telecommunications

Press release from: The Business research company

Wireless POS Terminal Global Market Analysis

Wireless POS Terminal Global Market Analysis

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wireless POS Terminal Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $21.16 billion In 2028 At A CAGR Of 12.7% :

The wireless pos terminal market size has grown rapidly in recent years. It will grow from $11.7 billion in 2023 to $13.14 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increased adoption of mobile devices, rise in demand for cloud-based solutions, need for flexibility and mobility in payment transactions, rise in internet penetration, increasing need for regulatory compliance.

The wireless pos terminal market size is expected to see rapid growth in the next few years. It will grow to $21.16 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to growing adoption of contactless payment systems, increasing demand for wireless pos terminals in emerging economies, advancements in biometric technology, growing popularity of mobile wallets, increasing focus on enhancing customer experience. Major trends in the forecast period include growing popularity of portable and handheld wireless pos terminals, increasing adoption of smart pos terminals, ai and machine learning integration, omnichannel integration, integration of internet of things (iot) .

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Wireless POS Terminal Market Major Segments
The wireless pos terminal market covered in this report is segmented -

1) By Type: Portable Countertop and PIN Pad, mPOS, Smart POS, Mini POS, Smart Mobile Dongle
2) By Component: Hardware, Software, Services
3) By Technology: NFC Terminal, Non-NFC Terminal
4) By Application: Restaurants, Hospitality, Healthcare, Retail, Warehouse or Distribution, Other Applications

Key Driver - Rising E-Commerce Transactions Drive Growth In Wireless Pos Terminal Market

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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Prominent Trend - Product Innovations Transforming The Wireless Pos Terminal Market

Product advancements are a key trend gaining popularity in the wireless POS terminal market. Major companies operating in the wireless POS terminal market are focused on developing new solutions to strengthen their position in the market. For instance, in February 2021, PAX Global Technology, a China-based electronic payment point of sale terminal and E-payment terminal solution provider, launched the PAX E-Series of all-in-one POS and payment systems for the retail and hospitality verticals. The E-series combines a cash register with a payment terminal and is driven by Android. The solution allows contactless, chip and pin, and QR code payments in addition to traditional payments.

Wireless POS Terminal Market Players
Major companies operating in the wireless pos terminal market report are Elavon Inc., VeriFone Inc., Fiserv Inc., PAX Global Technology Limited, NCR Corporation, iVeri Payment Technologies (Pty) Ltd., CEGID GROUP SA, Squirrel Systems, Castle Advanced Technologies And Systems Private Limited, Fujian Newland Payment Technology Co. Ltd., Emerge Mobile (Pty) Ltd., Equinox Payments LLC, Hewlett-Packard Development Company L. P., Nce Corporation (s) Pte. Ltd., Micros Systems Inc., Miura Systems Ltd., Ingenico SA, First Data Corporation, Diebold Nixdorf Inc., BBPOS(Stripe Inc. ), Oracle Corporation, Winpos Group AB, BITEL TECHNOLOGIES Ltd., CitiXsys- Ivend reatil, Posiflex Technology Inc., NEC Corporation, SPECTRA Technologies Holdings Co. Ltd., Zebra Technologies Corp., TOSHIBA CORPORATION, QVS Software Inc.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/wireless-pos-terminal-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the wireless PSO terminal market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless pos terminal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wireless POS Terminal Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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