Wireless POS Terminals

Wireless POS Terminals

Global Wireless POS Terminals Market to Reach $18.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Wireless POS Terminals estimated at US$9 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2027, growing at a CAGR of 11.1% over the analysis period 2020-2027. Portable Countertop & PIN Pad, one of the segments analyzed in the report, is projected to record a 10.6% CAGR and reach US$9.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the mPOS segment is readjusted to a revised 11.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 10.4% CAGR

The Wireless POS Terminals market in the U.S. is estimated at US$2.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 10.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Smart POS Segment to Record 12.3% CAGR

In the global Smart POS segment, USA, Canada, Japan, China and Europe will drive the 12.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 42 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

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