According to the latest report by IMARC Group, titled “Wireless POS Terminals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global wireless POS terminals market size reached US$ 6.8 Billion in 2018. Wireless point of sale (POS) terminals are handheld terminals that enable the user to accept credit and debit card payments securely and quickly from any location. This portable system has proven to be ideal for places that lack counter space or have an outdoor setting such as delivery or transportation operations. These terminals utilize 3G technology for connecting to the network which leads to rapid data transmission and offers a wider coverage area.
Global Wireless POS Terminals Market Trends:
Market players are introducing several advanced systems with multiple functionalities to broaden the variety of POS software available to retailers. Besides, smaller businesses around the world are currently displaying a requirement of user-friendly and cost-effective payment systems which has further created growth opportunities for the manufacturers. Moreover, increasing deployment of these systems in movie theatres, museums, casinos and theme parks is also driving their demand.
In the next few years, improving economic scenario in emerging nations like India, China, Indonesia and South Africa will help in the development of a state-of-the-art payment ecosystem in these regions which, in turn, will drive the growth of the wireless POS terminals market. Looking forward, the market value is projected to reach US$ 12.9 Billion by 2024, exhibiting a CAGR of 11.2% during 2019-2024.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/wireless-pos-terminals-market/requestsample
Market Segmentation:
Browse similar reports by IMARC Group
Wireless Sensors Market Research Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Wireless Charging Market Research Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert https://www.imarcgroup.com/request?type=report&id=1172&flag=C
Media ContactCompany Name: IMARC GroupContact Person: Richard LewisEmail: Send EmailPhone: 6317911145Address:309 2nd St, City: BrooklynState: New YorkCountry: United StatesWebsite: www.imarcgroup.com