IMARC Group, a leading market research company, has recently released a report titled “Wireless POS Terminals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global wireless POS terminals market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Wireless POS Terminals Industry?
According to the report, The global wireless POS terminals market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.26% during 2023-2028.
What is Wireless POS Terminals?
Wireless Point of Sale (POS) terminals, often referred to as wireless POS systems, are integral tools in modern retail and hospitality industries. These devices serve as the point of transaction between a customer and a business, facilitating secure and efficient payment processing. Unlike traditional wired POS terminals, wireless POS systems are not tethered to a specific location or wired network. They leverage wireless technologies such as Wi-Fi, Bluetooth, or cellular connectivity to process payments on-the-go. This flexibility allows businesses to serve customers wherever they are within a store, restaurant, or event venue, enhancing the overall customer experience.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/wireless-pos-terminals-market/requestsample
What are the growth prospects and trends in the Wireless POS Terminals industry?
The ever-evolving consumer preferences and the rapid digitalization of payment methods have fueled the demand for wireless POS systems. Customers increasingly expect fast and secure payment options, including contactless and mobile payments, which wireless POS terminals are well-equipped to handle. Additionally, the need for enhanced mobility in various industries, such as retail, hospitality, and food services, has propelled the adoption of wireless POS systems. Businesses are looking to provide a seamless customer experience by allowing transactions to occur anywhere within their premises, reducing queues and improving operational efficiency. Other than this, the heightened focus on data security and compliance with stringent payment industry standards, such as EMV and PCI DSS, has led businesses to invest in wireless POS terminals that offer robust encryption and security features. Furthermore, the COVID-19 pandemic accelerated the adoption of contactless and mobile payments, driving the demand for wireless POS solutions as businesses adapted to the changing landscape.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Portable Countertop and Pin Pad
- MPOS
- Smart POS
- Others
Breakup by Component
- Hardware
- POS Software and Services
Breakup by Technology
- NFC Terminal
- Non-NFC Terminal
Breakup by Industry
- Retail
- Hospitality
- Healthcare
- Transportation
- Sports and Entertainment
- Others
Breakup by Region
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
- Vend.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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