Wireless POS Terminal Market - Forecast(2024 - 2030)

Report Code: ESR 74959 Report Format: PDF + Excel

Wireless POS Terminal Market Overview

The Wireless POS Terminal Market is estimated to reach US$6.25 billion by 2027, growing at a CAGR of 12.5% during the forecast period 2022-2027. Wireless POS (Point of Sale) Terminal refers to the method of paying for products and services using wireless devices. These payment gateways generally use radio frequency identification, which is a near-field communications terminal technology. There are a variety of wireless POS systems including card payments and barcode scanning systems. The high adoption of Wireless POS Terminal is due to ongoing global digitalization and the employment of advanced technologies to enable flexible business operations. In 2020, Ingenico launched the new Wireless POS terminal systems with the Move/5000 or Move/2500 C versions that accept multiple payment methods.

Report Coverage

The “Wireless POS Terminal Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Wireless POS Terminal Market.

By Component: Hardware (Monitor, Card Reader, Receipt Printer and Others), Software, Solution and Services.
By Type: Portable Countertop & PIN Pad, mPOS, Smart POS, Mini POS and Smart Mobile Dongle.
By Technology: NFC (Near Field Communications) Terminal and Non-NFC (Near Field Communications) Terminal.
By Application: Bill Payments, Money Transfers, Airtime Transfers and Top-Ups, Travel and Ticketing and Others.
By End-users: BFSI, Retail and E-commerce, Healthcare, Travel and Hospitality, Transportation, Logistics, Media and Entertainment and Others.
By Geography: North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others), South America (Brazil, Argentina and Others) and RoW (the Middle Eas and Africa).

Key Takeaways

  • The portable countertop & PIN pad segment held the largest share (35%) in the Wireless POS Terminal Market by type, in 2021. The high adoption of portable countertops & PIN pads is due to the increased use of advanced technologies to facilitate fast and flexible business operations.
  • The retail and e-commerce segment, by end-users in the Wireless POS Terminal Market, is expected to grow the fastest at a CAGR of 14.5% during the forecast period 2022-2027. The retail and e-commerce sector is increasingly adopting the Wireless POS Terminal to enable an efficient and secure transaction system.
  • Asia-Pacific is expected to grow at the fastest CAGR of 15.3% in the Wireless POS Terminal Market during the forecast period 2022-2027. The widespread adoption of wireless POS terminals across multiple sectors in this region enhances the operational flexibility of transaction systems with a significant increase in online shoppers.
  • The logistics industry's widespread use of Wireless POS Terminals for seamless and effective customer engagement is fueling the market's expansion.

Wireless POS Terminal Market Value Share, by Region, 2021 (%)

Wireless POS Terminal Market

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Wireless POS Terminal Market Segment Analysis - by Type

The Wireless POS Terminal Market by type has been segmented into portable countertop & PIN pad, mPOS, smart POS, Mini POS and smart mobile dongle. The portable countertop & PIN pad segment held the largest share with 35% in the Wireless POS Terminal Market by type, in 2021. The high adoption rate of portable countertops & PIN pads is due to the increased use of advanced technologies to facilitate fast and flexible business operations. In September 2022, Abtek introduced the FD150 countertop terminal. It is flexible to take payments from multiple modes including smart card payments, near-field communications and pin debits.

Wireless POS Terminal Market Segment Analysis - by End-users

The Wireless POS Terminal Market by end-users has been segmented into BFSI, retail and e-commerce, healthcare, travel and hospitality, transportation, logistics, media and entertainment and others. The retail and e-commerce segment is expected to grow the fastest at a CAGR of 14.5% during the forecast period 2022-2027. The retail and e-commerce sector is widely adopting the Wireless POS Terminal to enable efficient and secure transaction systems. People are switching to cashless payment options on a massive level and using a wireless POS terminal makes it simpler for retail and e-commerce sectors to interact with customers. This is boosting the market growth. In July 2022, Fiserv, Inc. launched the new mobile POS terminal for use in retail and online stores. It has digital charge slips, allows card payments and is Wi-Fi enabled. The new mPOS enhance Wireless POS Terminal Market share.

Wireless POS Terminal Market Segment Analysis - by Geography

The Wireless POS Terminal Market by geography is segmented into North America, Europe, APAC, South America and RoW. Asia-Pacific is expected to grow at the fastest CAGR of 15.3% during the forecast period 2022-2027. The increasing adoption of wireless POS terminals across multiple sectors in this region enhances the operational flexibility of transaction systems with a significant increase in online shoppers. In December 2021, UnionPay International (UPI) in their Wireless POS Terminal Market report stated the launch of its mobile phone as a point-of-sale product in the overseas market. Small and Micro businesses in Hong Kong and Malaysia became the first to benefit from this product’s service to address the fast-growing market in the region. 

Wireless POS Terminal Market Drivers

The logistics industry's widespread use of wireless POS terminals for seamless and effective customer engagement:

The operational systems of the logistics sector are complicated and highly dependent on manual and paper-based procedures. Tracking payments & orders manually was tiresome and time-consuming earlier. Logistic firms are opting for wireless POS terminals to optimize cash flow, streamline supply chains and improve logistics efficiency. This 100% tech-enabled approach efficiently supports functions such as navigation of tariff change, understanding consumer preference, etc. It eliminates paperwork, phone calls and emails, preventing mishandling or error in the transaction system. This is leading to a significant increase in the use of Wireless POs terminals in the logistics industry. In July 2021, Flipkart and PhonePe partnered to digitize cash-on-delivery services. The digital payment platform would enable effective payment gateway systems for more than 300 million registered customers of Flipkart.

The widescale adoption of wireless POS terminals in the travel and hospitality sector for upgrading transaction systems with enhanced features:

The travel and hospitality industry offers numerous services in addition to booking hotel rooms, such as selling tours, renting out conference spaces to businesses and operating bars, restaurants & spas. The firm allows customers to make a variety of purchases from several departments. The usage of a wireless POS terminal makes it possible for transactions to be seamlessly processed in sync and without error, boosting customer satisfaction. Customers can conveniently pay for goods and services without going to the checkout area. The wireless POS terminal systems ensure fast and easy tracking of multiple activities in a single system, leading to high demand in the travel and hospitality sector. In February 2021, AltexSoft in their article mentioned the hospitality technology report which stated that 60% of hospitality businesses opted for POS software upgrades due to customer preferences.

Wireless POS Terminal Market Challenge

Consumers' lack of knowledge and resources:

The rural population lacks knowledge of modern technology. The market's expansion would be hampered by a lack of understanding of the benefits of wireless POS terminals and a lack of resources to use the digital payment gateway. In September 2021, CSIS stated in its report that approximately 2.5 billion adults in developing countries rely on cash to conduct business transactions. They are either not aware of its uses or hesitant to switch to contactless transaction systems due to a lack of confidence and knowledge.

Wireless POS Terminal Industry Outlook

Product launches, collaborations and R&D activities are key strategies adopted by players in the Wireless POS Terminal Market. The top 10 companies in the Wireless POS Terminal Market are:

  1.  Ingenico Group
  2.  First Data Corporation
  3.  Elavon Inc.
  4.  Castles Technology Ltd.
  5.  Verifone Holdings, Inc.
  6.  NCR Corporation
  7.  Diebold Nixdorf
  8.  BBPOS Ltd.
  9.  Squirrel Systems
  10.  BITEL Co., Ltd.

Recent Developments

  • In July 2022, Newland Payment technology launched the SP130 Countertop PIN pad to enhance its Wireless POS Terminal Market share. It is a radio frequency identification system and it accepts card & mobile wallet transactions.
  • In March 2022, Fiserv, Inc. in their Wireless POS Terminal Market report launched the new mPOS terminal for use in logistics, retail and online stores. It has easy pairing with an android smartphone and is WiFi-enabled. It has multi-payment acceptance including card payments.
  • In February 2021, Lyra Network launched the new IP-based payment terminal for speedy and secure transaction flow to enhance its Wireless POS Terminal Market share.

Relevant Reports:

Contactless Payment Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ITR 0064

Mobile Payments Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ITR 0006

Virtual Payment Systems Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ITR 0119

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1. Wireless POS Terminal Market Overview
    1.1 Definitions and Scope
2. Wireless POS Terminal Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Product Type
    2.3 Key trends segmented by Geography
3. Wireless POS Terminal Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking - Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Wireless POS Terminal Market – Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Wireless POS Terminal Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Wireless POS Terminal Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Wireless POS Terminal Market – by Strategic Analysis (Market Size - $Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Wireless POS Terminal Market – by Component (Market Size - $Million/Billion)
    8.1 Hardware
        a. Monitor
        b. Card Reader
        c. Receipt Printer
        d. Others
    8.2 Software
    8.3 Solution
    8.4 Services
9. Wireless POS Terminal Market – by Type (Market Size - $Million/Billion)
    9.1 Portable Countertop & PIN Pad
    9.2 mPOS
    9.3 Smart POS
    9.4 Mini POS
    9.5 Smart Mobile Dongle
10. Wireless POS Terminal Market – by Technology (Market Size - $Million/Billion)
    10.1 NFC (Near Field Communications) Terminal
    10.2 Non-NFC (Near Field Communications) Terminal
11. Wireless POS Terminal Market – by Application (Market Size - $Million/Billion)
    11.1 Bill Payments
    11.2 Money Transfers
    11.3 Airtime Transfers and Top-ups
    11.4 Travel and Ticketing
    11.5 Others
12. Wireless POS Terminal Market - by End-users (Market Size - $Million/Billion)
    12.1 BFSI
    12.2 Retail and E-commerce
    12.3 Healthcare
    12.4 Travel and Hospitality
    12.5 Transportation
    12.6 Logistics
    12.7 Media and Entertainment
    12.8 Others
13. Wireless POS Terminal Market - by Geography (Market Size - $Million/Billion)
    13.1 North America
        13.1.1 The US
        13.1.2 Canada
        13.1.3 Mexico
    13.2 South America
        13.2.1 Brazil
        13.2.2 Argentina
        13.2.3 Chile
        13.2.4 Colombia
        13.2.5 The Rest of South America
    13.3 Europe
        13.3.1 Germany
        13.3.2 France
        13.3.3 The UK
        13.3.4 Italy
        13.3.5 Spain
        13.3.6 Russia
        13.3.7 The Netherlands
        13.3.8 The Rest of Europe
    13.4 APAC
        13.4.1 China
        13.4.2 Japan
        13.4.3 South Korea
        13.4.4 India
        13.4.5 Australia
        13.4.6 Indonesia
        13.4.7 Malaysia
        13.4.8 Others
    13.5 RoW
        13.5.1 The Middle East
        13.5.2 Africa
14. Wireless POS Terminal Market - Market Entropy
    14.1 New product launches
    14.2 M&As, collaborations, JVs and partnerships
15. Wireless POS Terminal Market – Industry Competition Landscape (Premium)
    15.1 Market Share Global
    15.2 Market Share by Region
    15.3 Market Share by End-user
    15.4 Competition Matrix
16. Wireless POS Terminal Market – Key Company List by Country Premium (Premium)
17. Wireless POS Terminal Market - Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
* "Financials would be provided to private companies on best-efforts basis." 
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LIST OF TABLES

1.Global Wireless POS Terminal Market By Component Market 2019-2024 ($M)
1.1 Hardware Market 2019-2024 ($M) - Global Industry Research
1.1.1 Monitor Market 2019-2024 ($M)
1.1.2 Receipt Printer Market 2019-2024 ($M)
1.1.3 Card Reader Market 2019-2024 ($M)
1.2 POS Software & Services Market 2019-2024 ($M) - Global Industry Research
2.Global Wireless POS Terminal Market By Type Market 2019-2024 ($M)
2.1 Portable Countertop & Pin Pad Market 2019-2024 ($M) - Global Industry Research
2.2 MPOS Market 2019-2024 ($M) - Global Industry Research
2.3 Smart POS Market 2019-2024 ($M) - Global Industry Research
3.Global Wireless POS Terminal Market By Industry Market 2019-2024 ($M)
3.1 Retail Market 2019-2024 ($M) - Global Industry Research
3.2 Hospitality Market 2019-2024 ($M) - Global Industry Research
3.3 Healthcare Market 2019-2024 ($M) - Global Industry Research
3.4 Transportation Market 2019-2024 ($M) - Global Industry Research
3.5 Sports & Entertainment Market 2019-2024 ($M) - Global Industry Research
4.Global Wireless POS Terminal Market By Component Market 2019-2024 (Volume/Units)
4.1 Hardware Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Monitor Market 2019-2024 (Volume/Units)
4.1.2 Receipt Printer Market 2019-2024 (Volume/Units)
4.1.3 Card Reader Market 2019-2024 (Volume/Units)
4.2 POS Software & Services Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Wireless POS Terminal Market By Type Market 2019-2024 (Volume/Units)
5.1 Portable Countertop & Pin Pad Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 MPOS Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Smart POS Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Wireless POS Terminal Market By Industry Market 2019-2024 (Volume/Units)
6.1 Retail Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Hospitality Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Healthcare Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Sports & Entertainment Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Wireless POS Terminal Market By Component Market 2019-2024 ($M)
7.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Monitor Market 2019-2024 ($M)
7.1.2 Receipt Printer Market 2019-2024 ($M)
7.1.3 Card Reader Market 2019-2024 ($M)
7.2 POS Software & Services Market 2019-2024 ($M) - Regional Industry Research
8.North America Wireless POS Terminal Market By Type Market 2019-2024 ($M)
8.1 Portable Countertop & Pin Pad Market 2019-2024 ($M) - Regional Industry Research
8.2 MPOS Market 2019-2024 ($M) - Regional Industry Research
8.3 Smart POS Market 2019-2024 ($M) - Regional Industry Research
9.North America Wireless POS Terminal Market By Industry Market 2019-2024 ($M)
9.1 Retail Market 2019-2024 ($M) - Regional Industry Research
9.2 Hospitality Market 2019-2024 ($M) - Regional Industry Research
9.3 Healthcare Market 2019-2024 ($M) - Regional Industry Research
9.4 Transportation Market 2019-2024 ($M) - Regional Industry Research
9.5 Sports & Entertainment Market 2019-2024 ($M) - Regional Industry Research
10.South America Wireless POS Terminal Market By Component Market 2019-2024 ($M)
10.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Monitor Market 2019-2024 ($M)
10.1.2 Receipt Printer Market 2019-2024 ($M)
10.1.3 Card Reader Market 2019-2024 ($M)
10.2 POS Software & Services Market 2019-2024 ($M) - Regional Industry Research
11.South America Wireless POS Terminal Market By Type Market 2019-2024 ($M)
11.1 Portable Countertop & Pin Pad Market 2019-2024 ($M) - Regional Industry Research
11.2 MPOS Market 2019-2024 ($M) - Regional Industry Research
11.3 Smart POS Market 2019-2024 ($M) - Regional Industry Research
12.South America Wireless POS Terminal Market By Industry Market 2019-2024 ($M)
12.1 Retail Market 2019-2024 ($M) - Regional Industry Research
12.2 Hospitality Market 2019-2024 ($M) - Regional Industry Research
12.3 Healthcare Market 2019-2024 ($M) - Regional Industry Research
12.4 Transportation Market 2019-2024 ($M) - Regional Industry Research
12.5 Sports & Entertainment Market 2019-2024 ($M) - Regional Industry Research
13.Europe Wireless POS Terminal Market By Component Market 2019-2024 ($M)
13.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Monitor Market 2019-2024 ($M)
13.1.2 Receipt Printer Market 2019-2024 ($M)
13.1.3 Card Reader Market 2019-2024 ($M)
13.2 POS Software & Services Market 2019-2024 ($M) - Regional Industry Research
14.Europe Wireless POS Terminal Market By Type Market 2019-2024 ($M)
14.1 Portable Countertop & Pin Pad Market 2019-2024 ($M) - Regional Industry Research
14.2 MPOS Market 2019-2024 ($M) - Regional Industry Research
14.3 Smart POS Market 2019-2024 ($M) - Regional Industry Research
15.Europe Wireless POS Terminal Market By Industry Market 2019-2024 ($M)
15.1 Retail Market 2019-2024 ($M) - Regional Industry Research
15.2 Hospitality Market 2019-2024 ($M) - Regional Industry Research
15.3 Healthcare Market 2019-2024 ($M) - Regional Industry Research
15.4 Transportation Market 2019-2024 ($M) - Regional Industry Research
15.5 Sports & Entertainment Market 2019-2024 ($M) - Regional Industry Research
16.APAC Wireless POS Terminal Market By Component Market 2019-2024 ($M)
16.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
16.1.1 Monitor Market 2019-2024 ($M)
16.1.2 Receipt Printer Market 2019-2024 ($M)
16.1.3 Card Reader Market 2019-2024 ($M)
16.2 POS Software & Services Market 2019-2024 ($M) - Regional Industry Research
17.APAC Wireless POS Terminal Market By Type Market 2019-2024 ($M)
17.1 Portable Countertop & Pin Pad Market 2019-2024 ($M) - Regional Industry Research
17.2 MPOS Market 2019-2024 ($M) - Regional Industry Research
17.3 Smart POS Market 2019-2024 ($M) - Regional Industry Research
18.APAC Wireless POS Terminal Market By Industry Market 2019-2024 ($M)
18.1 Retail Market 2019-2024 ($M) - Regional Industry Research
18.2 Hospitality Market 2019-2024 ($M) - Regional Industry Research
18.3 Healthcare Market 2019-2024 ($M) - Regional Industry Research
18.4 Transportation Market 2019-2024 ($M) - Regional Industry Research
18.5 Sports & Entertainment Market 2019-2024 ($M) - Regional Industry Research
19.MENA Wireless POS Terminal Market By Component Market 2019-2024 ($M)
19.1 Hardware Market 2019-2024 ($M) - Regional Industry Research
19.1.1 Monitor Market 2019-2024 ($M)
19.1.2 Receipt Printer Market 2019-2024 ($M)
19.1.3 Card Reader Market 2019-2024 ($M)
19.2 POS Software & Services Market 2019-2024 ($M) - Regional Industry Research
20.MENA Wireless POS Terminal Market By Type Market 2019-2024 ($M)
20.1 Portable Countertop & Pin Pad Market 2019-2024 ($M) - Regional Industry Research
20.2 MPOS Market 2019-2024 ($M) - Regional Industry Research
20.3 Smart POS Market 2019-2024 ($M) - Regional Industry Research
21.MENA Wireless POS Terminal Market By Industry Market 2019-2024 ($M)
21.1 Retail Market 2019-2024 ($M) - Regional Industry Research
21.2 Hospitality Market 2019-2024 ($M) - Regional Industry Research
21.3 Healthcare Market 2019-2024 ($M) - Regional Industry Research
21.4 Transportation Market 2019-2024 ($M) - Regional Industry Research
21.5 Sports & Entertainment Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
2.Canada Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
3.Mexico Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
4.Brazil Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
5.Argentina Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
6.Peru Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
7.Colombia Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
8.Chile Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
9.Rest of South America Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
10.UK Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
11.Germany Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
12.France Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
13.Italy Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
14.Spain Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
16.China Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
17.India Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
18.Japan Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
19.South Korea Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
20.South Africa Wireless Pos Terminal Market Revenue, 2019-2024 ($M)
21.North America Wireless Pos Terminal By Application
22.South America Wireless Pos Terminal By Application
23.Europe Wireless Pos Terminal By Application
24.APAC Wireless Pos Terminal By Application
25.MENA Wireless Pos Terminal By Application
26.Key Players, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Start-Up Ecosystem, Sales /Revenue, 2015-2018 ($Mn/$Bn)