Dublin, March 12, 2018 (GLOBE NEWSWIRE) -- 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 is expected to reach USD 13.00 billion by 2023 from USD 6.73 billion in 2017, at a CAGR of 11.59% between 2017 and 2023.
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. However, security issues related to wireless technology and high maintenance cost of wireless POS systems hamper the growth of the market.
The portable countertop and PIN pad 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. They 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.
North America held the largest share of the wireless POS terminal market in 2016, in terms of revenue, and the similar trend is expected to continue during the forecast period. The decreasing cost of the mobile devices and growing popularity of wireless technology have resulted in the rising adoption of wireless POS terminals across North America.
Growing modernization of the payment industry, along with a focus on offering solutions that are customized or business specific, is anticipated to contribute to the growth of the market. The significant use of wireless POS terminals across several industries, such as retail, hospitality, and entertainment, is also driving the wireless POS terminal market in North America.
Some of the major players operating in the wireless POS terminal market are as follows:
1. Ingenico (France)
2. Verifone (US)
3. First Data (US)
4. PAX Global Technology (Hong Kong)
5. NCR Corporation (US)
6. Diebold Nixdorf (US)
7. BBPOS (Hong Kong)
8. Elavon (US)
9. Castles Technology (Taiwan)
10. Winpos (Finland)
11. BITEL (Korea)
12. Cegid Group (France)
13. Squirrel Systems (Canada)
14. Newland Payment Technology (China)
15. CITIXSYS AMERICAS (US)
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/d52smk/wireless_pos?w=12