Cutting the Cord The Rise of Wireless POS Terminals and their Impact on the Retail Industry

Businesses are increasingly embracing POS systems for a variety of reasons, one of which is that a POS system eliminates the need for price tags.

Wireless POS Terminal Market size was valued at US$ 8.67 Billion in 2021 and the total Wireless POS Terminal revenue is expected to grow at 9.8% through 2022 to 2029, reaching nearly US$ 18.32 Billion.

Market Overview

The report on Wireless POS Terminal Market published by Maximize Market research covers the most Wireless POS Terminal Market revenue and market trends. It provides a market overview definition and structure as well as preventative and pre planned management. The overview aids in making decisions about how to approach the market and comprehending the industry backdrop. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

https://www.maximizemarketresearch.com/request-sample/1967 

Market Scope

The report embraces the in-depth analysis of the Wireless POS Terminal Market, as well as market segmentation. The qualitative and quantitative data of the Wireless POS Terminal Market report assist decision makers in determining which market segments, regions, and variables are driving the market growth and are likely to develop at higher rates. The research provides current market trends and forecasts for the years 2022-2029. It also refers to key future trends that will influence the demand throughout the projected period. It covers regional analysis for potential investment opportunities within the regions.

Segmentation

By Type, the mPOS segment is expected to dominate the market in 2029. It is expected to witness a CAGR of 9.7% in the aforementioned forecast period. One of the primary factors driving mPOS market segment growth is consumer acceptance of digital payments such as Amazon Pay and Google Pay. In India, for example, Google Pay made 957 million transactions in 2020, followed by PhonePe (870 million) and Paytm (270 million). Merchants are using mPOS machines to take contactless payments directly on consumers' cellphones as contactless payments become more popular. Rather than using traditional POS systems, shops are switching to sophisticated terminals that take payment via NFC-enabled cards or applications. There is a growing interest in the possibilities of mPOS in emerging economies, and an expected surge in mPOS activity as service providers race to be first to market in the more mPOS-ready growing markets. Growing smartphone penetration, a significant base of SMEs and micro-merchants, low penetration of traditional POS terminals, a core population of card users that are increasing, and bank and government programs to boost card acceptance are all characteristics that are expected to drive the mPOS market segment growth. 

https://www.maximizemarketresearch.com/request-sample/1967 

Key Players

• Verifone
• PAX Global Technology
• Ingenico
• First Data
• Diebold Nixdorf
• NCR Corporation
• Elavon
• Winpos
• BBPOS
• Bitel
• Squirrel Systems
• Cegid Group
• Citixsys Americas
• Newland Payment Technology

Regional Analysis

The regional analysis provided in MMR’s report would help you understand the Wireless POS Terminal Market in different regions. Each and every region has its different factors affecting the industry but there are some common factors such as economic, political, geographic which affects the same market within the same country. The research includes as evaluation of regional and local market participants operating in the target market. Globally regions are investigated in depth to discover the current and future market trends, constraints and growth potential of the market.

Key Questions answered in the Wireless POS Terminal Market Report are:

  • What is Wireless POS Terminal Market?
  • What is the forecast period of the Wireless POS Terminal Market?
  • What is the competitive scenario of the Wireless POS Terminal Market?
  • Which region held the largest market share in the Wireless POS Terminal Market?
  • What are the opportunities for the Wireless POS Terminal Market?
  • What factors are affecting the Wireless POS Terminal Market growth?
  • Who are the key players of the Wireless POS Terminal Market?
  • Which company held the largest share in the Wireless POS Terminal Market?
  • What will be the CAGR of the Wireless POS Terminal Market during the forecast period?
  • What key trends are likely to emerge in the Wireless POS Terminal Market in the coming years?

https://www.maximizemarketresearch.com/request-sample/1967 

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
  • trends
  • Market Segmentation: A detailed analysis by Wireless POS Terminal Market
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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