Wireless Point-of-Sale Terminal Market is projected to grow up to USD 21.98 billion by 2027 growing at a CAGR of 13.2% during the forecasting period 2021-2027

In this era digitalization is playing a vital role in all the sectors of world. The emergence of the concept of IoT has benefitted many aspects and many sectors. The vision of getting wireless through emergence of internet is to convert the conventional devices into a smarter and autonomous one. And with the change, this vision is turning into the reality due to the advancement in the technology. A wireless point if sale terminalis an electronic system that assists the physical retail locations to process the card payments. The emergence of Wireless transaction in the store is an essential way of making payments and is creating a hype among the consumers who are in favour of digital cash. A store can have a single or multiple POS terminals for transaction depending upon the necessity, in which each of the terminal consists of a credit card swiper, receipt printer and a usual type of cash drawer. These terminals are connected to a single control panel, that provides the complete database for collection and summarization of information about all kind of transactions. Emergence of Wireless POS terminal benefits in several ways like having detailed reports on daily basis, having better customer tracking, initiates new market trends, etc. The trend of having a cashless economy is found to be booming and this led as a major factor for driving the market of Wireless POS system.

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Wireless Point-of-sale Terminal Market, By Component
Key Points
Services & Software
Hardware

Wireless Point-of-sale Terminal Market, By Type
Key Points
Portable Countertop & PIN Pad
mPOS
Smart POS
Other

Wireless Point-of-sale Terminal, By Vertical
Hospitality
Healthcare
Retail
Sports & Entertainment
Others

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