Dublin, Nov. 22, 2024 (GLOBE NEWSWIRE) -- The "Wireless POS Terminals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
A comprehensive analysis of the Global Wireless POS Terminals Market predicts a robust growth trajectory for this sector with estimates showing an increase from US$14.1 Billion in 2023 to US$29.5 Billion by 2030. This equates to a compound annual growth rate (CAGR) of 11.2% over the projected period, signaling significant opportunities for industry stakeholders.
Technological Advancements as Market Drivers
Advanced communication technologies, security enhancements, and contactless payment options are key factors propelling the wireless POS terminals industry forward. Embracing EMV and NFC technologies, businesses benefit from secure and fast transaction capabilities, improving customer satisfaction and reducing the risks associated with payment fraud. This has led to an increased demand for modern POS systems equipped with AI and mobile payment integrations.
Market Opportunities and Challenges
Despite barrier such as potential security concerns and the integration complexity with pre-existing systems, the global market for wireless POS terminals is poised for growth. E-commerce and m-commerce expansion, along with the rise in cashless transactions particularly since the COVID-19 pandemic, has opened up new opportunities for market players to innovate and expand their offerings to meet the demands of an evolving marketplace.
Regional Market Insights
The report provides an in-depth analysis of significant regional markets, including a detailed examination of the U.S. market, which accounted for US$3.8 Billion in 2023. Another highlight is the rapid growth in China's market, where the CAGR is expected to be 10.3%, reaching a forecast value of $4.5 Billion by 2030. Other key regions such as Europe, Japan, Canada, and the Asia-Pacific also show promising trends contributing to the overall market expansion.
Why This Report Is Instrumental for Stakeholders
This in-depth analysis of a rapidly growing market is instrumental for stakeholders. It provides a keen understanding of the market dynamics, identifies key trends and driving factors, and offers an overview of competitive presence across diverse geographies. The report showcases actionable insights crucial for strategic business decisions to capitalize on emerging market opportunities.
Future of Payment Processing
The global demand for Portable Countertop & PIN Pad segments and Mobile Point-of-Sale (mPOS) systems is expected to soar, with both segments witnessing significant CAGR percentages. As the payment processing industry continues to evolve, wireless POS terminals are set to play a more vital role in businesses looking to enhance operational efficiency and customer payment experiences. For further insights into the functionality and innovation within the Global Wireless POS Terminals market, please consider the in-depth analysis provided in this latest report.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $14.1 Billion |
| Forecasted Market Value (USD) by 2030 | $29.5 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
Companies Featured
- BBPOS International Limited
- Bitel Co. Ltd.
- Castles Technology Co., Ltd.
- Cegid Group SA
- CitiXsys Americas Inc.
- Diebold Nixdorf, Inc.
- Elavon, Inc.
- First Data Corporation
- Ingenico Group
- Izettle
- NCR Corporation
- Newland Payment Technology
- PAX Global Technology Ltd.
- Revel Systems Inc.
- Shopkeep
- Squirrel Systems
- TouchBistro
- Vend Limited
- VeriFone Systems, Inc.
- Winpos UK
For more information about this report visit https://www.researchandmarkets.com/r/kwr9gq
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