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The sector will reach $24.8 billion by 2031 at a CAGR of 12.5%

DUBLIN, January 23, 2023 /PRNewswire/ — The report “Wireless POS Terminals Market by Component, by Type, by Application, by Vertical Sector: Global Opportunity Analysis and Industry Forecast, 2021-2031” has been added to ResearchAndMarkets.com’s offers

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According to the report, “Wireless POS Terminal Market”, the Wireless POS Terminal market was assessed 7.9 billion dollars in 2021, and is estimated to arrive 24.8 billion dollars by 2031, growing at a CAGR of 12.5% ​​from 2022 to 2031.

The functionality of a wireless POS device is identical to that of a wired terminal, with the added possibility of collecting payments in non-conventional locations. A wireless POS system has several advantages. With a wireless terminal, users can go to the customer and complete the transaction on the spot. This is an ideal choice for restaurants, cafes, delivery companies and coffee shops.

One of the main factors driving the need for wireless POS systems among businesses is to reduce billing errors. Also, with the growing demand for efficiency among SMEs and their growing sales, there is an increased need for IT systems, such as POS systems, among business owners that can help drive sales. However, high integration costs and security risks associated with wireless POS terminal are restraining the market growth. Conversely, the increasing adoption of wireless POS terminals in the hospitality industry is expected to drive the market growth in the coming years. Moreover, the growing advancement of technologies in the wireless POS terminal market is expected to create lucrative opportunities for the market to grow during the forecast period.

The Wireless POS Terminal is segmented into component, type, application, vertical, and region. By components, the market is differentiated into hardware, software and services. The software is further divided into on-premises and cloud.

The services segment is further divided into professional services and managed services. The professional services segment is further segregated into systems implementation and integration, support and maintenance, and training and consulting. Depending on the deployment mode, it is fragmented into on-premise and cloud.

By type, it is classified into portable counter and PIN pad, mPOS, smart POS and others. The application segment is classified into front-end and back-end. By vertical sector, it is segmented into retail, hospitality, healthcare, entertainment, transport and others. Hospitality is further divided into full service restaurant (FSR), quick service restaurant (QSR), institutional FSR and others. The full service restaurant (FSR) is further divided into fine dining and casual dining. By region, the market is analyzed through North America, europe, Asia-Pacificand LAMEA

KEY BENEFITS FOR INTERESTED PARTIES

  • The study provides an in-depth analysis of the Global Wireless POS Terminal along with the current trends and future estimations to illustrate the imminent investment pockets.

  • The report provides information on key drivers, restraints, and opportunities and their impact analysis on the overall size of the Wireless POS Terminal.

  • Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.

  • The quantitative analysis of Global Wireless POS Terminal from 2022 to 2031 is provided to determine the market potential.

Key market segments
By Component

  • hardware

  • software

  • software

  • In the premise

  • cloud

  • Services

  • Services

  • Professional services

  • Managed Services

By Type

By Application

For Vertical Industry

By Region

  • North America

  • WE

  • canada

  • europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Netherlands

  • Rest of Europe

  • Asia-Pacific

  • china

  • Japan

  • India

  • Australia

  • South Korea

  • singapore

  • Rest of Asia-Pacific

  • LAMEA

  • Latin America

  • Middle East

  • Africa

Key market players

  • Aures Group

  • Diebold NixdorfIncorporated

  • Hewlett Packard Enterprise Development LP

Main conclusions of the study

  • By type, the portable counter and PIN pad segment led the highest wireless POS terminal market share in terms of revenue in 2021.

  • By component, the software segment is expected to show the fastest growth rate during the forecast period in the wireless POS terminal market trends.

  • By region, Asia-Pacific generated the highest revenue in wireless POS terminal market size in 2021.

Key topics covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: OVERVIEW OF THE MARKET

CHAPTER 4: MARKET OF WIRELESS POS TERMINALS, BY COMPONENTS

CHAPTER 5: WIRELESS POS TERMINALS MARKET, BY TYPE

CHAPTER 6: WIRELESS POS TERMINALS MARKET, BY APPLICATION

CHAPTER 7: WIRELESS POS TERMINALS MARKET, BY INDUSTRY VERTICAL

CHAPTER 8: WIRELESS POS TERMINALS MARKET, BY REGIONS

CHAPTER 9: BUSINESS LANDSCAPE

CHAPTER 10: COMPANY PROFILES

Companies mentioned

  • Aures Group

  • Diebold NixdorfIncorporated

  • Hewlett Packard Enterprise Development LP

For more information on this report, visit https://www.researchandmarkets.com/r/io4ze2

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