Wireless POS Terminals Market Evolution 2024

"The Business Research Company recently released a comprehensive report on the Global Wireless POS Terminal Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7732&type=smp

According to The Business Research Company's, 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) .

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/wireless-pos-terminal-global-market-report

Market Drivers and Trends:

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.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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.

Wireless POS Terminal Market 2024 Key Insights:

• 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%.
• Rising E-Commerce Transactions Drive Growth In Wireless Pos Terminal Market
• Product Innovations Transforming The Wireless Pos Terminal Market
• North America was the largest region in the wireless PSO terminal market share in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7732&type=smp

"

Contact Us:

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

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

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.

This release was published on openPR.