DUBLIN--(BUSINESS WIRE )--The "Global Wireless POS Terminal Market (2021-2026) by Component Type, Industry Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Wireless POS Terminal Market is estimated to be USD 11.05 Bn in 2021 and is expected to reach USD 20.67 Bn by 2026, growing at a CAGR of 13.34%.

The Global Wireless POS Terminal Market is driving due to the retail sector's broad adoption of wireless payment terminals. It helps prevent fraud, efficient invoice systems, inventory management systems, data back-up, discount offers, customer records, and executes secure online payments.

Additionally, the increasing e-commerce industry and cashless transactions in different countries are raising the demand for wireless POS terminals. The growing adoption of wireless technologies in wearables and mobile handsets is the primary factor driving the market's growth. On the other hand, issues related to security in wireless technology and high costs associated with wireless POS system maintenance are the factors restricting the market's growth.

Furthermore, increasing reliability with reducing costs in wireless technology and growing mass adoption of Dual-Interface Chip technology and Multi-Application Support by NFC and Hce are creating potential opportunities for the market to grow in the forecasted period. Moreover, lack of system standardization and consumer awareness related to the benefits of wireless POS systems and slow adoption of wireless POS terminals are the challenges that may affect the market's growth.

The Global Market is segmented based on Component Type, Industry Type, and Geography.

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

For more information about this report visit https://www.researchandmarkets.com/r/kfdczn

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900