Global Wireless POS Terminal Market
Financial Services

Insights Into The Wireless POS Terminal Market’s Growth Potential 2024-2033

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The wireless POS terminal market has experienced rapid expansion in recent years, driven by a myriad of factors including technological advancements, shifting consumer preferences, and the rise of e-commerce transactions. This blog delves into the key dynamics shaping this burgeoning market.

A Snapshot of Market Growth

  • The wireless POS terminal market is projected to grow from $11.7 billion in 2023 to $13.14 billion in 2024, with a CAGR of 12.3%.
  • Forecasts indicate further growth to $21.16 billion by 2028, boasting a CAGR of 12.7%.
  • Factors driving historic growth include increased adoption of mobile devices, demand for cloud-based solutions, and the need for flexibility in payment transactions.

Evolving Market Dynamics

  • The market is poised for rapid expansion owing to the growing adoption of contactless payment systems, particularly in emerging economies.
  • Advancements in biometric technology and the popularity of mobile wallets contribute to market growth.
  • Major trends include the rise of portable and handheld wireless POS terminals, integration of AI and machine learning, and omnichannel integration.

Rising E-Commerce Transactions Fuel Market Growth

  • E-commerce transactions are a primary driver of market expansion.
  • Global e-commerce accounted for nearly 22% of total sales between 2019 and 2021, with significant growth recorded in the US.
  • The surge in e-commerce transactions necessitates the adoption of wireless POS terminals for cashless transactions.

Key Players in the Market

  • Major companies in the wireless POS terminal market include Elavon Inc., VeriFone Inc., Fiserv Inc., and PAX Global Technology Limited.
  • These companies offer a range of solutions tailored to meet the evolving needs of businesses across various sectors.


Read The Full Wireless POS Terminal Market Report Here:


Product Innovations Reshaping the Landscape

  • Product advancements play a pivotal role in transforming the wireless POS terminal market.
  • Companies are focused on developing innovative solutions to enhance user experience and streamline operations.
  • For example, PAX Global Technology launched the PAX E-Series, an all-in-one POS and payment system designed for the retail and hospitality sectors.

PNC’s Acquisition of Linga POS

  • In September 2022, PNC Financial Services Group, Inc. acquired Linga POS, a US-based technology company specializing in tailored POS and payment solutions.
  • The acquisition underscores PNC’s commitment to expanding its digital resources and catering to the needs of the hospitality and restaurant industries.

Market Segmentation

  1. By Type: Portable Countertop and PIN Pad, mPOS, Smart POS, Mini POS, Smart Mobile Dongle
  2. By Component: Hardware, Software, Services
  3. By Technology: NFC Terminal, Non-NFC Terminal
  4. By Application: Restaurants, Hospitality, Healthcare, Retail, Warehouse or Distribution, Other Applications

Regional Insights

  • North America dominated the wireless POS terminal market in 2023.
  • Asia-Pacific is anticipated to emerge as the fastest-growing region in the forecast period, driven by rapid technological advancements and increasing adoption of wireless payment solutions.


Get A Free Sample On The Global Wireless POS Terminal Market Report:


The Wireless POS Terminal Global Market Report 2024  provides an overview of the wireless POS terminal market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wireless POS terminal market forecast analyzes wireless POS terminal market size, wireless POS terminal market share, leading competitor and their market positions.


Explore Similar Reports From The Business Research Company:

Wireless Internet Services Global Market Report 2024

Wireless Healthcare Global Market Report 2024

Wireless Intercom Global Market Report 2024


Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.


Contact us at:
The Business Research Company:
+1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at


Follow us on:
Global Market Model:
Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *