PUBLISHER: The Business Research Company | PRODUCT CODE: 1657112
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657112
A wireless POS terminal functions similarly to a wired terminal but offers the additional flexibility of processing payments in non-traditional settings. Essentially, a point-of-sale (POS) terminal, whether wired or wireless, is a hardware device utilized in retail establishments for managing card payments. The hardware comes equipped with built-in software designed to read the magnetic strips on credit and debit cards. Wireless POS terminals are specifically employed for processing card payments at various retail locations.
The primary categories of wireless POS terminals encompass portable countertop and pin pad, mPOS, smart POS, mini POS, and smart mobile dongle. The portable countertop and pin pad are utilized in conjunction with countertop POS terminals to facilitate various payment methods, including credit cards, debit cards, contactless, UPI, and Bharat QR payments. These solutions are characterized by their compact design, ease of installation, and user-friendly interface for both merchants and customers. The components involved in these solutions include hardware, software, and services, utilizing technologies such as NFC terminals and non-NFC terminals. Applications of portable countertop POS systems extend to diverse sectors, including restaurants, hospitality, healthcare, retail, warehouses or distribution, among others.
The wireless POS terminals market research report is one of a series of new reports from The Business Research Company that provides wireless POS terminals market statistics, including global market size, regional shares, competitors with a wireless POS terminals market share, detailed wireless POS terminals market segments, market trends and opportunities, and any further data you may need to thrive in the wireless POS terminals industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wireless POS terminal market size has grown rapidly in recent years. It will grow from $13.08 billion in 2024 to $14.7 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to increased adoption of mobile devices, rise in demand for cloud-based solutions, need for flexibility and mobility in payment transactions, rise in internet penetration, increasing need for regulatory compliance.
The wireless POS terminal market size is expected to see rapid growth in the next few years. It will grow to $24.07 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to growing adoption of contactless payment systems, increasing demand for wireless pos terminals in emerging economies, advancements in biometric technology, growing popularity of mobile wallets, increasing focus on enhancing customer experience. Major trends in the forecast period include growing popularity of portable and handheld wireless pos terminals, increasing adoption of smart pos terminals, ai and machine learning integration, omnichannel integration, integration of internet of things (IoT).
The rising volume of e-commerce transactions is anticipated to drive the growth of the wireless POS terminal market in the future. E-commerce, also known as electronic commerce, involves the buying and selling of goods and services, as well as the transfer of money and data over an electronic network, primarily the internet. With the increase in e-commerce transactions, the acceptance of cashless payments, and the growing use of wireless terminals by retailers, e-commerce platforms have emerged as market leaders, creating a demand for wireless POS software systems. For example, in May 2024, the Census Bureau, a US-based government agency, reported that e-commerce sales rose by 8.5% in the first quarter of 2024 compared to the same period in 2023, accounting for 15.6% of total retail sales, which increased by 2.8% year over year. Consequently, the growth in e-commerce transactions is a key driver of the wireless POS terminal market.
The growing demand for contactless payments is expected to drive the growth of the wireless POS terminal market in the future. Contactless payment refers to a wireless financial transaction where the customer authorizes a monetary exchange for a purchase by bringing a security token close to the vendor's point of sale (PoS) reader. These terminals enable businesses to accept payments through various contactless methods, such as NFC (Near Field Communication) and mobile wallets, providing customers with a smooth and secure payment experience. For example, in 2023, UK Finance Limited, a UK-based trade association, reported that the UK recorded 18.3 billion contactless payments in 2023, reflecting a seven percent increase from 17.0 billion in 2022. Thus, the rising demand for contactless payments is propelling the growth of the wireless POS terminal market.
Major companies in the wireless POS terminal market are concentrating on developing mobile POS tablets to boost transaction efficiency, enhance customer experience, and offer businesses flexible, user-friendly solutions for processing payments across various retail settings. Mobile POS tablets are portable devices that enable businesses to handle transactions and manage sales operations from virtually anywhere. Each tablet is equipped with a built-in 2D scanner and an NFC module, allowing for quick transactions and efficient inventory management. For example, in June 2024, Posiflex Technology Inc., a Taiwan-based manufacturing firm, introduced the Opera MT-6200 Series Mobile POS Tablets. Powered by Intel's Elkhart Lake Celeron Processor, these tablets support both Windows 10 IoT LTSC and Windows 11 IoT GAC, ensuring strong performance and compatibility with a range of applications. The series also features an IPX7 waterproof USB Type-C connector, which facilitates docking and enables fast power charging, thereby improving usability in challenging environments.
Major companies in the wireless POS terminal market are concentrating on developing smart mini-POS terminals to improve customer convenience, streamline transactions, and enhance overall operational efficiency. A smart mini-POS terminal is a compact and portable point-of-sale device designed to facilitate electronic payment transactions. The terminal is equipped with a 5.0" HD color touchscreen that has a resolution of 1280 x 720, ensuring clear visibility and easy navigation. For example, in March 2024, Nexgo Inc., a US-based manufacturing company, introduced the NEXGO N6, a new smart mini-POS terminal aimed at enhancing payment processing in various retail settings. The N6 is powered by a quad-core processor, which guarantees fast transaction processing and efficient multitasking capabilities. Additionally, with a 2MP rear camera and a front-facing camera, the N6 supports features like facial recognition for improved security and user verification.
In September 2022, PNC Financial Services Group acquired Linga POS for an undisclosed amount, expanding the bank's digital resources and strengthening its ability to serve clients in the hospitality and restaurant industry. Linga POS, a technology company specializing in tailored POS and payment solutions for the hospitality sector, particularly restaurants, aligns with PNC's commitment to providing innovative POS and payments solutions to meet evolving consumer expectations and streamline operations.
Major companies operating in the wireless POS terminal market include Elavon Inc., VeriFone Inc., Fiserv Inc., PAX Global Technology Limited, NCR Corporation, iVeri Payment Technologies (Pty) Ltd., CEGID GROUP SA, Squirrel Systems, Castle Advanced Technologies And Systems Private Limited, Fujian Newland Payment Technology Co. Ltd., Emerge Mobile (Pty) Ltd., Equinox Payments LLC, Hewlett-Packard Development Company L. P., Nce Corporation (s) Pte. Ltd., Micros Systems Inc., Miura Systems Ltd., Ingenico SA, First Data Corporation, Diebold Nixdorf Inc., BBPOS(Stripe Inc. ), Oracle Corporation, Winpos Group AB, BITEL TECHNOLOGIES Ltd., CitiXsys- Ivend reatil, Posiflex Technology Inc., NEC Corporation, SPECTRA Technologies Holdings Co. Ltd., Zebra Technologies Corp., TOSHIBA CORPORATION, QVS Software Inc.
North America was the largest region in the wireless PSO terminal market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless pos terminal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the wireless pos terminal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The wireless POS terminal market consists of revenues earned by entities by providing wireless POS terminal services such as providing reports on consummate sales record and track customer orders, process credit cards, inventory management, insights on sales trends and customer behaviors, employee scheduling and wages. The market value includes the value of related goods sold by the service provider or included within the service offering. The wireless POS terminal market also includes sales of smartphone, tablet or dedicated wireless devices which are used in providing wireless POS terminal services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wireless POS Terminal Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless pos terminal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless pos terminal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless pos terminal market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.