Wireless Point-of-Sale Terminal Market Worth $19.42 billion by 2026
" COVID-19 Impact on Wireless Point-of-Sale Terminal market, size, share, growth, and forecast 2020-2026 "
Wireless Point-of-Sale Terminal is a device used for a cash register that can process the credit card and debit card payments in the retail stores for the goods purchased or for the service taken. The major factors driving the market growth is the increasing reliance on the cashless transactions utilizing cards & wireless transactions options. This movement is increasing the adoption of the Wireless Point-of-Sale Terminal devices by the retailers, who are looking for enhancing customer transaction ease. Wireless Point-of-Sale Terminal devices are also being used by sports and entertainment industries. In addition, emerging countries are also adapting to the cashless transactions where the government is also supporting the cashless economy. However, the lack of awareness in the rural consumer and the lack of standardization has led to lower adoptions of the Wireless Point-of-Sale Terminal, posing challenges to the market growth.
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The market research report titled “Wireless Point-of-Sale Terminal Market By Components, by Type, by Vertical, and by Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026” offers deep and actionable market insights for its readers. The top leading market players include Cisco Systems, Inc, Diebold Nixdorf, Incorporated, Hewlett-Packard Inc., Hisense, and INGENICO GROUP. This study offers an in-depth analysis of the market competitors, key challenges facing the market, and rising opportunities.
North America is the largest contributor in the market share as it is adopting the advanced payment systems in all industries, such as entertainment and hospitality retail. As well as the preference to provide customized solutions in this region support in the market growth. The Asia Pacific is the second largest share due to the increased awareness promoted by the government to promote a cashless economy and opt for online transactions.
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The wireless point-of-sale terminal market is segregated on the basis of:
Based on Components:
- Services & Software
Based on Type:
- Portable Countertop & PIN Pad
- Smart POS
Based on Vertical:
- Sports & Entertainment
Based on Geography:
- North America
- Asia Pacific
- Rest of the World