TechNavio recognizes the following companies as the key players in the Global Wireless POS Terminal Market: VeriFone Systems Inc., Ingenico S.A., and Equinox Payments LLC.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The market for wireless POS terminals is gearing up in the APAC region. In particular, the mobile service providers in Japan and South Korea are active in setting up cross-border wireless POS terminal facilities between the two countries. As Japan is the technology leader in the APAC region, the Japanese service providers are highly keen to capitalize on wireless POS terminals. Around 15 million Japanese travelled abroad in 2010, majorly to China and South Korea but also to Europe and the US. The prime reason for moving to wireless POS terminals is to enable the Japanese customers to use contactless services such as payment and transit ticketing in the countries they visit.”
According to the report, the Global Wireless POS Terminal market is witnessing high growth with the increased adoption of smart cards and EMV cards worldwide. With the increased adoption and the competition from new entrants, the average price of wireless POS terminals has been decreasing, which is further driving the market.
Further, the report states that one of the key factors hindering the growth of this market is the lack of innovative applications of wireless POS terminals in the developing countries
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The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are First Data Corp. and PAX Technology Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-wireless-pos-terminal-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report “ Global Wireless POS Terminal Market 2012-2016
