Dublin, May 03, 2024 (GLOBE NEWSWIRE) -- The "Global Wireless POS Terminals Market Report by Type, Component, Technology, Industry, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The world is witnessing a significant transformation in payment processing with the rapid adoption of wireless POS terminals, pushing the market size to an impressive US$ 10.3 Billion in 2023. As businesses seek efficient, secure, and mobile solutions to accommodate dynamic consumer payment preferences, a robust growth rate (CAGR) of 10.1% is projected, potentially escalating the market value to US$ 24.3 Billion by the year 2032.
Advanced security features, such as PIN and chip-enabled payment cards, high-speed wireless connectivity, and the proliferation of peripheral devices, are among the primary catalysts driving the upward trajectory of the global wireless POS terminals market. Furthermore, the cost-effectiveness and portability of wireless POS terminals afford retailers reduced operational expenditures and improved customer service capabilities.
Industry Insights
The surging incorporation of wireless POS systems extends across diverse industry verticals including retail, hospitality, healthcare, and transportation. Retailers, in particular, are leveraging small-scale POS terminals and harnessing the power of advanced software to convert conventional devices into sales transaction processing centers.
Regional Landscape and Competitive Dynamics
The Asia Pacific region emerges as a substantial contributor to market prosperity, with North America and Europe not lagging far behind. These geographies present a fertile ground for potential growth, driven by regional advancements in technologies and the widespread establishment of retail and hospitality sectors.
The wireless POS terminals market showcases a competitive landscape with key players that have been fundamental in developing innovative products and services to cater to the widening customer base. The market's growth is marked by strategic mergers and acquisitions, potent collaborations, and the unceasing introduction of novel technologies to meet the escalating demand for enhanced transactional efficiency worldwide.
Strategic Market Outlook
The forecast period between 2024-2032 holds promising opportunities for the wireless POS terminals market expansion, with technological upgrades and the proliferation of digital payments acting as substantial growth proponents. The market is expected to surge forward, driven by a combination of consumer behavior shifts, technological advancements, and a change in the global economic landscape.
As the wireless POS terminals market continues on its growth trajectory, stakeholders from various industries are poised to adopt these systems, contributing to a more interconnected and streamlined global payment infrastructure.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $10.3 Billion |
| Forecasted Market Value (USD) by 2032 | $24.3 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
Companies Featured
- Ingenico
- Verifone
- First Data
- PAX Global Technology
- NCR Corporation
- Diebold Nixdorf
- BBPOS
- Elavon
- Castles Technology
- Winpos
- Bitel
- Cegid Group
- Squirrel Systems
- Newland Payment Technology
- Citixsys Americas
- Izettle
- Revel Systems
- ShopKeep
- TouchBistro Inc.
- Vend
For more information about this report visit https://www.researchandmarkets.com/r/p5sn5
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