Global $13 Billion Wireless POS Terminal Market 2018-2023 - Growing Adoption of Wireless Technology in Mobile Handsets and Wearables is Driving the Market - ResearchAndMarkets.com

DUBLIN--()--The "Wireless POS Terminal Market by Component (Hardware, Software & Services), Type (Portable Countertop & PIN Pad, mPOS, Smart POS), Industry (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment) & Geography- Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The wireless POS terminal market was valued at USD 6.73 Billion in 2017 and is expected to be worth USD 13 Billion 2023, at a CAGR of 11.59% during the forecast period.

The factors such as wide adoption of wireless payment terminal by retailers; growing use of EuroPay, MasterCard, and Visa (EMV) cards; increasing e-commerce transactions; increase in cashless transactions in different countries; and growing adoption of wireless technology in mobile handsets and wearables drive the demand for wireless POS terminals.

North America is expected to hold the largest size of the wireless POS terminal market during the forecast period owing to the growing modernization of the payment industry, along with a focus on offering customized or business-specific solutions. This region holds the largest market size due to the significant use of wireless POS terminals across several industries, such as retail, hospitality, and entertainment industries. The compliance requirements, such as EMV, in effect in the region for enhanced security of payments add to the growth of the North American wireless POS terminal market.

Market Dynamics

Drivers

  • Wide Adoption of Wireless Payment Terminal By Retailers
  • Growing Use of Europay, Mastercard, and Visa (EMV) Cards
  • Increasing E-Commerce Transactions Leading to Rise in Demand for Wireless PoS Terminals
  • Increase in Cashless Transactions in Different Countries
  • Growing Adoption of Wireless Technology in Mobile Handsets and Wearables

Restraints

  • Security Issues Related to Wireless Technology
  • High Maintenance Cost of Wireless PoS Systems

Opportunities

  • Reduction in Cost of Wireless Technology and Increase in Their Reliability
  • Mass Adoption of Dual-Interface Chip Technology and Multi-Application Support By NFC and HCE

Challenges

  • Lack of Standardization and Consumer Awareness Regarding Wireless PoS Technology
  • Slow Rate of Adoption of Wireless Pos Terminals

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Wireless PoS Terminal Market, by Component

8 Wireless PoS Terminal Market, by Type

9 Wireless PoS Terminal Market, by Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

  • BBPOS
  • Bitel
  • Castles Technology
  • Cegid Group
  • Citixsys Americas
  • Diebold Nixdorf
  • Elavon
  • First Data
  • Ingenico
  • Izettle
  • NCR Corporation
  • Newland Payment Technology
  • Pax Global Technology
  • Revel Systems
  • Shopkeep
  • Squirrel Systems
  • Touchbistro
  • Vend
  • Verifone
  • Winpos

For more information about this report visit https://www.researchandmarkets.com/research/6x7w75/global_13?w=4

Contacts

ResearchAndMarkets.com
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Related Topics: Point of Sale Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Point of Sale Equipment