Market OverviewThe global wireless POS terminal market is anticipated to surpass a valuation of USD 12 billion, attaining a CAGR of 13% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report.
Regional Frontiers
Geographically, [FURL=https://www.marketresearchfuture.com/reports/wireless-pos-terminal-market-5600]Wireless Pos Terminal Market Size[/FURL] spans across Asia Pacific, Europe, North America, and the Rest of the World (RoW).
Considering the global scenario, North America is expected to dominate the wireless POS terminal market, with Canada and the U.S. leading the market in the region. The growth can be credited to the advanced technological infrastructure, which has made the region an early adopter of the system.
The Asia Pacific is likely to generate the fastest growth, with China, India, and Japan considered to lead the region. These countries are likely to exhibit better prospects due to government initiatives to promote cashless economy. Cost-effective POS terminals are introduced in the payment industry, which has further promoted the market growth in the region. Moreover, soaring adoption of wireless technology across industries like travel, entertainment, and retail are encouraging the market growth. The rapidly growing customer base due to the rising prominence of small and medium businesses and the reduction in the total cost of ownership are likely to spur the market growth. Benefits such as high degree of security, low queue time, decreasing check-out space requirement, paper-free receipt option, and rising floor space are some of the other factors likely to propel the growth of the regional market.
Competitive Dashboard
The players operating in the global wireless POS terminal market include Verifone (U.S.), Ingenico (France), Winpos (Finland), First Data (U.S.), Cegid Group (France), BITEL (Korea), Elavon (U.S.), Moneris (Canada), Newland Payment Technology (China), Castles Technology (Taiwan), Touchbistro (Canada), CITIXSYS AMERICAS (U.S.). NCR Corporation (U.S.), PAX Global Technology (Hong Kong), Squirrel Systems (Canada), Diebold Nixdorf (U.S.), and BBPOS (Hong Kong).
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