$13 Bn Wireless POS Terminal Market - Global Forecast to 2023

DUBLIN, March 12, 2018 /PRNewswire/ --

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 13.00 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.

The wireless POS terminal market based on type is segmented into portable countertop and PIN pad, mPOS, smart POS, and others. The portable countertop and PIN pad segment held the largest share of the wireless POS terminal market in 2016. Portable countertop POS solutions are compact, easy to install, and simple for both merchants as well as customers. These are used in small businesses with in-store purchases, in both stationary and semi-mobile forms. These solutions are largely deployed in several industries, such as hospitality, sports and entertainment, and retail. Apart from accepting payments, these devices can also support rich multimedia to drive customer engagement and build loyalty.

The wireless POS terminal market based on industry has been segmented into retail, hospitality, healthcare, transportation, sports and entertainment, and other industries. The demand for wireless POS terminals for the retail applications is increasing as the deployment of these systems prevents transaction frauds and executes secure online payments. In addition, advanced features such as efficient invoice systems, discount offers, inventory management systems, data back-up, and customer record maintenance make POS terminals more attractive to retailers willing to streamline their businesses.

North America is expected to hld 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.

Security issues related to wireless technology is a factor restraining the growth of the wireless POS terminal market.

Key Topics Covered:

1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Major Opportunities in Wireless POS Terminal Market
4.2 Wireless POS Terminal Market, By Type
4.3 Wireless POS Terminal Market in APAC
4.4 Wireless POS Terminal Market, By Industry
4.5 Wireless POS Terminal Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide Adoption of Wireless Payment Terminal By Retailers
5.2.1.2 Growing Use of Europay, Mastercard, and Visa(EMV) Cards
5.2.1.3 Increasing E-Commerce Transactions Leading to Rise in Demand for Wireless POS Terminals
5.2.1.4 Increase in Cashless Transactions in Different Countries
5.2.1.5 Growing Adoption of Wireless Technology in Mobile Handsets and Wearables
5.2.2 Restraints
5.2.2.1 Security Issues Related to Wireless Technology
5.2.2.2 High Maintenance Cost of Wireless POS Systems
5.2.3 Opportunities
5.2.3.1 Reduction in Cost of Wireless Technology and Increase in Their Reliability
5.2.3.2 Mass Adoption of Dual-Interface Chip Technology and Multi-Application Support By NFC and Hce
5.2.4 Challenges
5.2.4.1 Lack of Standardization and Consumer Awareness Regarding Wireless POS Technology
5.2.4.2 Slow Rate of Adoption of Wireless POS Terminals

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Regulatory Standards

7 Wireless POS Terminal Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Monitor
7.2.2 Receipt Printer
7.2.3 Card Reader
7.2.4 Other Hardware
7.3 POS Software and Services

8 Wireless POS Terminal Market, By Type
8.1 Introduction
8.2 Portable Countertop & Pin Pad
8.3 MPOS
8.4 Smart POS
8.5 Other Types

9 Wireless POS Terminal Market, By Industry
9.1 Introduction
9.2 Retail
9.3 Hospitality
9.4 Healthcare
9.5 Transportation
9.6 Sports & Entertainment
9.7 Other Industries

10 Geographic Analysis

11 Competitive Landscape
11.1 Introduction
11.2 Ranking Analysis of Wireless POS Terminal
11.3 Competitive Scenario
11.3.1 Product Launches & Developments
11.3.2 Partnerships, Agreements, Joint Ventures, & Collaborations
11.3.3 Mergers & Acquisitions

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/nql8nh/13_bn_wireless?w=5

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