(Wireless-NewsWire.Com, February 16, 2018 ) The Global Wireless POS Terminal Market was valued at USD 5.65 billion in 2016 and is projected to reach USD 15.20 billion by 2025, growing at a CAGR of 11.62% from 2017 to 2025.
Wireless Point-Of-Sale Terminals are ideal for any environment where you have to bring the point of payment to the customer and accept debit and credit payments quickly and securely from almost any location. Benefits of wireless point-of-sale terminals include - easy to get started, quicker transactions, unit portability, financial savings, and increase sales.
Competitive Landscape: The major players in the market are as follows: Verifone, PAX Global Technology, Diebold Nixdorf, Elavon, Winpos, Cegid Group, Newland Payment Technology, Citixsys Americas, Ingenico, First Data, NCR Corporation, BBPOS, Castles Technology, Bitel, Squirrel Systems
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Market Dynamics: 1. Market Drivers 1.1 Declining cost of wireless technology and increase in their reliability 1.2 Adoption of wireless technology in mobile handsets and wearables 1.3 Rising usage of europay, mastercard, and visa cards 1.4 Increasing adoption of wireless payment terminal by retailers 1.5 Rise in cashless transactions 2. Market Restraints 2.1 Concerns for security related to wireless technology 2.2 High maintenance cost of wireless POS systems 2.3 Poor adoption of wireless POS terminals Market Segmentation: The Global Wireless POS Terminal Market is segmented on the basis of type, component, vertical, and region.
1. Type: 1.1 mPOS 1.2 Smart POS 1.3 Portable Countertop & PIN Pad 1.4 Others
2. By Component: 2.1 POS Software & Services 2.2 Hardware
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3. By Vertical: 3.1 Healthcare 3.2 Transportation 3.3 Sports & Entertainment 3.4 Retail 3.5 Hospitality 3.6 Others
4. By Region: 4.1 North America (U.S., Canada, Mexico) 4.2 Europe (Germany, UK, France, Rest of Europe) 4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific) 4.4 Latin America (Brazil, Argentina, Rest of Latin America) 4.5 Middle East & Africa
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