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Global Wireless POS Terminals Market Top Companies, Investment Trend, Growth & Innovation Trends 2024

 



(EnergyIndustry.Net, June 29, 2019 ) According to the latest report by IMARC Group, titled “Global Wireless POS Terminals Market Research Report and Forecast 2019-2024”, the global wireless POS terminals market size reached US$ 6.8 Billion in 2018. 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.

Request for a free sample copy of this research report: https://www.imarcgroup.com/wireless-pos-terminals-market/requestsample

Global Wireless POS Terminals Market Trends:

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. Looking forward, the market value is projected to reach US$ 12.9 Billion by 2024, exhibiting a CAGR of 11.2% during 2019-2024.

Explore Report Description: https://www.imarcgroup.com/wireless-pos-terminals-market

Market Segmentation:

Market Breakup by Products Type:

1. Portable Countertop and Pin Pad
2. MPOS
3. Smart POS
4. Others

The market has been segmented on the basis of the type which includes portable countertop and PIN pad, MPOS and smart POS. Amongst these, portable countertop and PIN pad is the most popular type.

Market Breakup by Component

1. Hardware
2. POS Software and Services

Based on the component, the market has been segregated into hardware, and POS software and services. Amongst these, hardware components exhibit a clear dominance in the global market.

Market Breakup by Technology

1. NFC Terminal
2. Non-NFC Terminal

The report has analyzed the market on the basis of the technology which mainly includes the NFC terminal and non-NFC terminal. Currently, non-NFC terminal represents the most popular technology.

Market Breakup by Industry

1. Retail
2. Hospitality
3. Healthcare
4. Transportation
5. Sports and Entertainment
6. Others

On the basis of the industry, the market has been categorized as retail, hospitality, healthcare, transportation, and sports and entertainment. Amongst these, wireless POS terminals are majorly used in the retail industry.

Market Breakup by Region

1. Asia Pacific
2. North America
3. Europe
4. Middle East and Africa
5. Latin America

On the geographical front, North America represents the largest market for wireless POS terminals, holding the majority of the global market share. This can be attributed to the modernization of payment methods and the development of business-specific and customized solutions. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.

Market Breakup by Competitive Landscape:

1. Market Structure
2. Key Players
3. Profiles of Key Players

The competitive landscape of the market has also been examined with some of the key players being Ingenico, Verifone, First Data, PAX Global Technology, NCR Corporation, Diebold Nixdorf, BBPOS, Elavon, Castles Technology, Winpos, Bitel, Cegid Group, Squirrel Systems, Newland Payment Technology, Citixsys Americas, Izettle, Revel Systems, ShopKeep, TouchBistro Inc., and Vend.

Browse Related Report:

Global Power Bank market Research Report and Forecast: https://www.imarcgroup.com/power-banks-market

Global Robotics Market Research Report and Forecast: https://www.imarcgroup.com/robotics-market


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

Source: EmailWire.Com

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