DUBLIN--(BUSINESS WIRE)--The "Global Wireless POS Terminal Market (2021-2026) by Component Type, Industry Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Wireless POS Terminal Market is estimated to be USD 11.05 Bn in 2021 and is expected to reach USD 20.67 Bn by 2026, growing at a CAGR of 13.34%.
The Global Wireless POS Terminal Market is driving due to the retail sector's broad adoption of wireless payment terminals. It helps prevent fraud, efficient invoice systems, inventory management systems, data back-up, discount offers, customer records, and executes secure online payments.
Additionally, the increasing e-commerce industry and cashless transactions in different countries are raising the demand for wireless POS terminals. The growing adoption of wireless technologies in wearables and mobile handsets is the primary factor driving the market's growth. On the other hand, issues related to security in wireless technology and high costs associated with wireless POS system maintenance are the factors restricting the market's growth.
Furthermore, increasing reliability with reducing costs in wireless technology and growing mass adoption of Dual-Interface Chip technology and Multi-Application Support by NFC and Hce are creating potential opportunities for the market to grow in the forecasted period. Moreover, lack of system standardization and consumer awareness related to the benefits of wireless POS systems and slow adoption of wireless POS terminals are the challenges that may affect the market's growth.
The Global Market is segmented based on Component Type, Industry Type, and Geography.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Wireless POS Terminal Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Growing Use of Different Varieties of Cards
- Increasing E-Commerce Industry and Cashless Transactions
- Surging Adoption of Wireless Technologies
Restraints
- Issued related to Security in Wireless Technology
- High Maintenance Cost of Wireless POS System
Opportunities
- Increasing Reliability with Cost Reduction of Wireless Technology
- Growing Mass Adoption of Dual-Interface Chip Technology
Challenges
- Lack of Consumer Awareness and System Standardization
- Slow Adoption of Wireless POS Terminals
Companies Mentioned
- Adazon, Inc
- BBPOS
- BITEL CO LTD
- Castle Technology Co Ltd
- Cegid Group
- CitiXsys America, Inc
- Datasym POS, Inc
- Diebold Nixdorf Incorporated
- DRB Systems
- Elavon, Inc
- Flytech Technology Co Ltd
- First Data Corporation
- Givex Corporation
- Harbortouch
- Lightspeed Commerce, Inc
- Meridian Payment Systems
- Newland Payment Technology Co Ltd
- NCR Corporation
- Oracle Corporation
- PAX Technology
- PayPal Holdings, Inc
- Quisitive Technology Solutions, Inc
- Revel Systems
- Squirrel Systems
- TekVisions, Inc
- TouchBistro, Inc
- U.S. Bancorp
- Verifone Holdings, Inc
- Winpos Group, Inc
- Worldline
- Zebra Technologies Corporation
For more information about this report visit https://www.researchandmarkets.com/r/kfdczn
