LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global wireless point of sale (POS) terminals market, which is expected to grow at a CAGR of nearly 14% from 2015-2019.
Wireless POS terminals market segmentation by geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different geographies, including the Americas, the APAC, and the EMEA region.
The new report by Technavio also emphasizes the shift toward cloud-based solutions during the forecast period. Several large retailers and SMBs are likely to migrate to the SaaS (software as a service)-based platforms in the cloud from the back-end processes.
“Cloud-based solutions require less IT resources, and thus reduce the cost and complexities associated with POS terminals. Therefore, the increased use of cloud computing technology in POS processing will boost the usage of wireless POS among merchants and acquirer and drive market growth in the forecast period,” says Faisal Ghaus, Vice President of Technavio.
Wireless POS terminals: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global wireless POS terminals market from 2015-2019. To calculate the market size, we consider the total shipments of wireless POS terminals across all applications.
Industry analysis includes:
- PAX Global Technology
- VeriFone Systems
Market Growth Drivers:
- Increased adoption of EMV cards
- Need for effective information management
- Slow adoption rate
- Growth of mobile payment market
- Growing need for improved security standards
- Shift to cloud-based solutions
View the global wireless point of sale (POS) terminals market report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the POS market:
- POS Terminals Market in the US 2015-2019
- Global POS Terminals Market in the Hospitality Sector 2015-2019
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