- Street: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk, Pune, Maharashtra 411051, India.
- City: Pune
- State: Idaho
- Country: India
- Zip/Postal Code: 411030
- Listed: April 15, 2019 6:08 pm
- Expires: 80 days, 14 hours
Wireless POS Terminal Market is expected to grow from USD 6.69 Billion in 2017 to USD 17.71 Billion by 2026, at a CAGR of 11.43% between 2017 and 2026.Wireless POS Terminal Market is an electronic payment system where electronic fund transfer takes place, such fund transfers are done by payment cards such as smart card, credit or debit cards, at POS terminals. Radio-frequency identification (RFID), near field communications, are the methods used for wireless electronic funds transfer. These fund transfers are made in close physical proximity compared to mobile payments which use broad area cellular networks.wireless POS terminal marketIncrease in cashless transactions among developing countries, increased use of e-commerce in the retail industry, growing adoption of wireless technology in mobile handsets and wearables, rising use of payment cards are driving the growth of Wireless POS Terminal Market. However, high maintenance cost and security-related issues are restraining the growth of wireless POS terminal market. Further key findings from the report:• Portable countertop and PIN pad from the type segment accounted for the largest share of Wireless POS Terminal Market in 2016. Since, Portable countertop POS solutions are compact, easy to install, and simple to use therefore used widely in entertainment, hospitality, and retail industries.• Wireless POS Terminal Market is expected to grow at a significant rate during the forecast period. The growth is attributed to factors such as low installation cost and user-friendly accessibility.• APAC expected to hold the largest share of the Wireless POS Terminal Market during the forecast period. This growth can be attributed to factors such as low queue time, high degree of security, paper-free receipt option, decrease in check-out space requirement, an increase in floor space, that is rising the growth of Wireless POS Terminal Market in APAC• The demand for wireless POS terminals for the retail applications is increasing as these systems have several advantages of using them in retail industry which includes secure online payments, efficient invoice system, inventory management systems, and data backup facilityKey Highlights:• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Wireless POS Terminal Market.• The objective of the report is to provide a detailed analysis of the Wireless POS Terminal Market on the basis of component, type, industry, and geography• Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain• Analysis of the Wireless POS Terminal Market with respect to individual growth trends, prospects, and contribution to the total market• Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business• Provides detailed information regarding the major factors influencing the growth of the Wireless POS Terminal Market (drivers, restraints, opportunities, and challenges)• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the businessYears that have been considered for the study are as follows:• Base Year – 2016• Estimated Year – 2017• Forecast Period – 2017 to 2026For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been consideredResearch Methodology:Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Wireless POS Terminal Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Wireless POS Terminal Market globally.
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