Wireless POS Terminal Market

Wireless POS Terminal Market by Component (Hardware, Software & Services), Type (Portable Countertop & PIN Pad, mPOS, Smart POS), Industry (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment), and Geography - Global Forecast to 2023

Report Code: SE 5904 Jan, 2018, by marketsandmarkets.com

[160 Pages Report] The wireless POS terminal market was valued at USD 5.74 Billion in 2016 and is expected to be worth USD 13.00 Billion by 2023, at a CAGR of 11.59% during the forecast period. The base year considered for the study is 2016, and the forecast period is 2017–2023.

The main objectives of this study are as follows:

  • To define, describe, segment, and forecast the global wireless POS terminal market, in terms of value, based on component, type, industry, and geography
  • To provide a detailed value chain analysis along with the technology and market roadmap for the wireless POS terminal market
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, challenges)

The research methodology used to estimate and forecast the wireless POS terminal market begins with obtaining data on key vendor revenues and sales volume. A few organizations associated with the market include IEEE Standards Association and Kiosk Association, among others. The vendor offerings have been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall size of the market, which includes type-wise revenue generated by the companies through the sale of wireless POS terminal systems worldwide. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Wireless POS Terminal Market

To know about the assumptions considered for the study, download the pdf brochure

The wireless POS terminal ecosystem comprises many entities, from component manufacturers to technology providers, which include Ingenico (France), Verifone (US), First Data (US), PAX Global Technology (Hong Kong), NCR Corporation (US), Diebold Nixdorf (US), BBPOS (Hong Kong), Elavon (US), Castles Technology (Taiwan), Winpos (Finland), BITEL (Korea), Cegid Group (France), Squirrel Systems (Canada), Newland Payment Technology (China), and CITIXSYS AMERICAS (US).

Target Audience:

  • Original device manufacturers (ODMs)
  • System integrators
  • Wireless POS terminal original equipment manufacturers (OEMs)
  • Raw material suppliers
  • Assembly and packaging vendors
  • Technical universities
  • Government research agencies and private research organizations
  • Research institutes and organizations
  • Market research and consulting firms

Scope of the Report:

In this research report, the wireless POS terminal market has been segmented on the basis of component, type, industry, and geography.

Wireless POS Terminal Market, by Component

  • Hardware
  • POS Software & Services

Wireless POS Terminal Market, by Type

  • Portable Countertop & PIN Pad
  • mPOS
  • Smart POS
  • Other Types (Mini POS and Smart Mobile Dongle)

Wireless POS terminal Market, by Industry

  • Retail
  • Hospitality
  • Healthcare
  • Transportation
  • Sports & Entertainment
  • Other Industries (Home Delivery & Service Delivery)

Wireless POS Terminal Market, by Geography

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5)

The wireless POS terminal market was valued at USD 6.73 Billion in 2017 and is expected to be worth USD 13.00 Billion 2023, at a CAGR of 11.59% during the forecast period. The factors such as wide adoption of wireless payment terminal by retailers; growing use of EuroPay, MasterCard, and Visa (EMV) cards; increasing e-commerce transactions; increase in cashless transactions in different countries; and growing adoption of wireless technology in mobile handsets and wearables drive the demand for wireless POS terminals.

The report covers the analysis and forecast of the wireless POS terminal market based on component, type, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and challenges for the wireless POS terminal market. It also profiles the key players operating in the wireless POS terminal market.
The wireless POS terminal market based on type is segmented into portable countertop and PIN pad, mPOS, smart POS, and others. The portable countertop and PIN pad segment held the largest share of the wireless POS terminal market in 2016. Portable countertop POS solutions are compact, easy to install, and simple for both merchants as well as customers. These are used in small businesses with in-store purchases, in both stationary and semi-mobile forms. These solutions are largely deployed in several industries, such as hospitality, sports and entertainment, and retail. Apart from accepting payments, these devices can also support rich multimedia to drive customer engagement and build loyalty.

The wireless POS terminal market based on industry has been segmented into retail, hospitality, healthcare, transportation, sports and entertainment, and other industries. The demand for wireless POS terminals for the retail applications is increasing as the deployment of these systems prevents transaction frauds and executes secure online payments. In addition, advanced features such as efficient invoice systems, discount offers, inventory management systems, data back-up, and customer record maintenance make POS terminals more attractive to retailers willing to streamline their businesses.

Wireless POS Terminal Market

North America is expected to hold the largest size of the wireless POS terminal market during the forecast period owing to the growing modernization of the payment industry, along with a focus on offering customized or business-specific solutions. This region holds the largest market size due to the significant use of wireless POS terminals across several industries, such as retail, hospitality, and entertainment industries. The compliance requirements, such as EMV, in effect in the region for enhanced security of payments add to the growth of the North American wireless POS terminal market.

Security issues related to wireless technology is a factor restraining the growth of the wireless POS terminal market. Some of the major players operating in the wireless POS terminal market are Ingenico (France), Verifone (US), First Data (US), PAX Global Technology (Hong Kong), NCR Corporation (US), Diebold Nixdorf (US), BBPOS (Hong Kong), Elavon (US), Castles Technology (Taiwan), Winpos (Finland), BITEL (Korea), Cegid Group (France), Squirrel Systems (Canada), Newland Payment Technology (China), and CITIXSYS AMERICAS (US). These players adopted various strategies such as product launches and developments, contracts, acquisitions, partnerships, and business expansions to cater to the needs of the market.

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Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of Study
    1.2 Definition
    1.3 Scope of The Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary & Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Major Opportunities in Wireless POS Terminal Market
    4.2 Wireless POS Terminal Market, By Type
    4.3 Wireless POS Terminal Market in APAC
    4.4 Wireless POS Terminal Market, By Industry
    4.5 Wireless POS Terminal Market, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Wide Adoption of Wireless Payment Terminal By Retailers
                    5.2.1.2 Growing Use of Europay, Mastercard, and Visa(EMV) Cards
                    5.2.1.3 Increasing E-Commerce Transactions Leading to Rise in Demand for Wireless POS Terminals
                    5.2.1.4 Increase in Cashless Transactions in Different Countries
                    5.2.1.5 Growing Adoption of Wireless Technology in Mobile Handsets and Wearables
           5.2.2 Restraints
                    5.2.2.1 Security Issues Related to Wireless Technology
                    5.2.2.2 High Maintenance Cost of Wireless POS Systems
           5.2.3 Opportunities
                    5.2.3.1 Reduction in Cost of Wireless Technology and Increase in Their Reliability
                    5.2.3.2 Mass Adoption of Dual-Interface Chip Technology and Multi-Application Support By NFC and Hce
           5.2.4 Challenges
                    5.2.4.1 Lack of Standardization and Consumer Awareness Regarding Wireless POS Technology
                    5.2.4.2 Slow Rate of Adoption of Wireless POS Terminals

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Regulatory Standards

7 Wireless POS Terminal Market, By Component (Page No. - 47)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Monitor
           7.2.2 Receipt Printer
           7.2.3 Card Reader
           7.2.4 Other Hardware
    7.3 POS Software and Services

8 Wireless POS Terminal Market, By Type (Page No. - 52)
    8.1 Introduction
    8.2 Portable Countertop & Pin Pad
    8.3 MPOS
    8.4 Smart POS
    8.5 Other Types

9 Wireless POS Terminal Market, By Industry (Page No. - 74)
    9.1 Introduction
    9.2 Retail
    9.3 Hospitality
    9.4 Healthcare
    9.5 Transportation
    9.6 Sports & Entertainment
    9.7 Other Industries

10 Geographic Analysis (Page No. - 86)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 India
             10.4.5 Rest of APAC
     10.5 RoW

11 Competitive Landscape (Page No. - 106)
     11.1 Introduction
     11.2 Ranking Analysis of Wireless POS Terminal
     11.3 Competitive Scenario
             11.3.1 Product Launches & Developments
             11.3.2 Partnerships, Agreements, Joint Ventures, & Collaborations
             11.3.3 Mergers & Acquisitions

12 Company Profiles (Page No. - 111)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.1.1 Ingenico
             12.1.2 Verifone
             12.1.3 First Data
             12.1.4 PAX Global Technology
             12.1.5 NCR Corporation
             12.1.6 Diebold Nixdorf
             12.1.7 BBPOS
             12.1.8 Elavon
             12.1.9 Castles Technology
             12.1.10 Winpos
             12.1.11 Bitel
             12.1.12 Cegid Group
             12.1.13 Squirrel Systems
             12.1.14 Newland Payment Technology
             12.1.15 Citixsys Americas
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     12.2 Start-Up Ecosystem
             12.2.1 Izettle
             12.2.2 Revel Systems
             12.2.3 Shopkeep
             12.2.4 Touchbistro
             12.2.5 Vend

13 Appendix (Page No. - 153)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (62 Figures)

Table 1 Wireless POS Terminal Market, By Component, 2014–2023 (USD Billion)
Table 2 Wireless POS Terminal Market, By Type, 2014–2023 (USD Million)
Table 3 Wireless POS Terminal Market for Portable Countertop and Pin Pad, By Industry, 2014–2023 (USD Million)
Table 4 Wireless POS Terminal Market for Portable Countertop and Pin Pad, By Region, 2014–2023 (USD Million)
Table 5 Portable Countertop and Pin Pad Market for Retail, By Region, 2014–2023 (USD Million)
Table 6 Portable Countertop and Pin Pad Market for Hospitality, By Region, 2014–2023 (USD Million)
Table 7 Portable Countertop and Pin Pad Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 8 Portable Countertop and Pin Pad Market for Transportation, By Region, 2014–2023 (USD Million)
Table 9 Portable Countertop and Pin Pad Market for Sports and Entertainment, By Region, 2014–2023 (USD Million)
Table 10 Portable Countertop and Pin Pad Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 11 Wireless POS Terminal Market for MPOS, By Industry, 2014–2023 (USD Million)
Table 12 Wireless POS Terminal Market for MPOS, By Region, 2014–2023 (USD Million)
Table 13 MPOS Market for Retail, By Region, 2014–2023 (USD Million)
Table 14 MPOS Market for Hospitality, By Region, 2014–2023 (USD Million)
Table 15 MPOS Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 16 MPOS Market for Transportation, By Region, 2014–2023 (USD Million)
Table 17 MPOS Market for Sports & Entertainment, By Region, 2014–2023 (USD Million)
Table 18 MPOS Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 19 Wireless POS Terminal Market for Smart POS, By Industry, 2014–2023 (USD Million)
Table 20 Wireless POS Terminal Market for Smart POS, By Region, 2014–2023 (USD Million)
Table 21 Smart POS Market for Retail, By Region, 2014–2023 (USD Million)
Table 22 Smart POS Market for Hospitality, By Region, 2014–2023 (USD Million)
Table 23 Smart POS Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 24 Smart POS Market for Transportation, By Region, 2014–2023 (USD Million)
Table 25 Smart POS Market for Sports and Entertainment, By Region, 2014–2023 (USD Million)
Table 26 Smart POS Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 27 Wireless POS Terminal Market for Other Types, By Industry, 2014–2023 (USD Million)
Table 28 Wireless POS Terminal Market for Other Types, By Region, 2014–2023 (USD Million)
Table 29 Other Type Market for Retail, By Region, 2014–2023 (USD Million)
Table 30 Other Types Market for Hospitality, By Region, 2014–2023 (USD Million)
Table 31 Other Types Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 32 Other Types Market for Transportation, By Region, 2014–2023 (USD Million)
Table 33 Other Types Market for Sports and Entertainment, By Region, 2014–2023 (USD Million)
Table 34 Other Types Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 35 Wireless POS Terminal Market, By Industry, 2014–2023 (USD Million)
Table 36 Wireless POS Terminal Market for Retail, By Type, 2014–2023 (USD Million)
Table 37 Wireless POS Terminal Market for Retail, By Region, 2014–2023 (USD Million)
Table 38 Wireless POS Terminal Market for Hospitality, By Type, 2014–2023 (USD Million)
Table 39 Wireless POS Terminal Market for Hospitality, By Region, 2014–2023 (USD Million)
Table 40 Wireless POS Terminal Market for Healthcare, By Type, 2014–2023 (USD Million)
Table 41 Wireless POS Terminal Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 42 Wireless POS Terminal Market for Transportation, By Type, 2014–2023 (USD Million)
Table 43 Wireless POS Terminal Market for Transportation, By Region, 2014–2023 (USD Million)
Table 44 Wireless POS Terminal Market for Sports and Entertainment, By Type, 2014–2023 (USD Million)
Table 45 Wireless POS Terminal Market for Sports and Entertainment, By Region, 2014–2023 (USD Million)
Table 46 Wireless POS Terminal Market for Other Industries, By Type, 2014–2023 (USD Million)
Table 47 Wireless POS Terminal Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 48 Wireless POS Terminal Market, By Region, 2014–2023 (USD Billion)
Table 49 Wireless POS Terminal Market, By Region, 2014–2023 (Million Units)
Table 50 Wireless POS Terminal Market in North America, By Country, 2014–2023 (USD Million)
Table 51 Wireless POS Terminal Market in North America, By Type, 2014–2023 (USD Million)
Table 52 Wireless POS Terminal Market in North America, By Industry, 2014—2023 (USD Million)
Table 53 Wireless POS Terminal Market in Europe, By Country, 2014–2023 (USD Million)
Table 54 Wireless POS Terminal Market in Europe, By Type, 2014–2023 (USD Million)
Table 55 Wireless POS Terminal Market in Europe, By Industry, 2014–2023 (USD Million)
Table 56 Wireless POS Terminal Market in APAC, By Country, 2014–2023 (USD Million)
Table 57 Wireless POS Terminal Market in APAC, By Type, 2014–2023 (USD Million)
Table 58 Wireless POS Terminal Market in APAC, By Industry, 2014–2023 (USD Million)
Table 59 Wireless POS Terminal Market in RoW, By Region, 2014–2023 (USD Million)
Table 60 Wireless POS Terminal Market in RoW, By Type, 2014–2023 (USD Million)
Table 61 Wireless POS Terminal Market in RoW, By Industry, 2014–2023 (USD Million)
Table 62 Market Ranking for Wireless POS Terminal Market, 2016


List of Figures (49 Figures)

Figure 1 Research Design
Figure 2 Wireless POS Terminal Market, 2014–2023
Figure 3 Wireless POS Terminal Market for POS Software and Services to Growth at Higher CAGR During Forecast Period
Figure 4 Portable Countertop and Pin Pad to Hold Largest Size of Wireless POS Terminal Market in 2017
Figure 5 Retail to Hold Largest Size of Wireless POS Terminal Market in 2017
Figure 6 North America Held Largest Share of Wireless POS Terminal Market in 2016
Figure 7 Increase in Cashless Transactions in Different Countries is Expected to Drive The Wireless POS Terminal Market
Figure 8 Wireless POS Terminal Market for MPOS to Grow at Highest CAGR During Forecast Period
Figure 9 Retail Held Largest Share of Wireless POS Terminal Market in APAC in 2016
Figure 10 Wireless POS Terminal Market for Sports & Entertainment Industry to Grow at The Highest CAGR During The Forecast Period
Figure 11 US Held Largest Share of Wireless POS Terminal Market in 2016
Figure 12 Increasing E-Commerce Transactions Spur Demand for Wireless POS Terminals and Drive Growth of The Market
Figure 13 Percentage of Transactions Enabled With EMV Cards
Figure 14 Increased Adoption of E-Commerce Transactions, 2011–2015
Figure 15 Global Number of Cyber Attack Incidents
Figure 16 Assembly and Manufacturing, and Software Development Add Major Value to Wireless POS Terminals
Figure 17 Wireless POS Terminal Market, By Component
Figure 18 POS Software and Services to Dominate Wireless POS Terminal Market During Forecast Period
Figure 19 Hardware Components of Wireless POS Terminals
Figure 20 Wireless POS Terminal Market, By Type
Figure 21 Portable Countertop and Pin Pad to Hold Largest Size of Wireless POS Terminal Market in 2017
Figure 22 Retail to Hold Largest Size of Wireless POS Terminal Market for Portable Countertop and Pin Pad in 2017
Figure 23 Wireless POS Terminal Market for MPOS in APAC to Grow at Highest CAGR During Forecast Period
Figure 24 Smart POS Market for Sports and Entertainment to Grow at Highest CAGR During Forecast Period
Figure 25 North America to Hold Largest Size of Wireless POS Terminal Market for Other Types in 2017
Figure 26 Wireless POS Terminal Market, By Industry
Figure 27 Retail to Hold Largest Size of Wireless POS Terminal Market in 2017
Figure 28 Wireless POS Terminal Market for Retail in APAC to Grow at Highest CAGR During Forecast Period
Figure 29 Portable Countertop and Pin Pad to Hold Largest Size of Wireless POS Terminal Market for Healthcare By 2017
Figure 30 North America to Hold Largest Size of Wireless POS Terminal Market for Sports and Entertainment By 2017
Figure 31 Wireless POS Terminal Market, By Region
Figure 32 Geographic Snapshot: Wireless POS Terminal Market
Figure 33 Wireless POS Terminal Market in North America
Figure 34 Market Snapshot: North America
Figure 35 Wireless POS Terminal Market in Europe
Figure 36 Market Snapshot: Europe
Figure 37 Wireless POS Terminal Market in APAC
Figure 38 Market Snapshot: APAC
Figure 39 Wireless POS Terminal Market in RoW
Figure 40 Companies Adopted Contracts, Agreements, and Partnerships as Key Growth Strategies
Figure 41 Market Evaluation Framework: Contracts, Agreements, and Partnerships Fuelled Growth and Innovation Between 2014 and 2016
Figure 42 Geographic Revenue Mix of Key Players
Figure 43 Ingenico: Company Snapshot
Figure 44 Verifone: Company Snapshot
Figure 45 First Data: Company Snapshot
Figure 46 PAX Global Technology: Company Snapshot
Figure 47 NCR Corporation: Company Snapshot
Figure 48 Diebold Nixdorf: Company Snapshot
Figure 49 Cegid Group: Company Snapshot


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Report Code
SE 5904
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