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Research and Markets (http://www.researchandmarkets.com/research/z739tj/global_wireless) has announced the addition of the "Global Wireless POS Terminal Market 2012-2016" report to their offering.
The analysts forecast the Global Wireless POS Terminal market to grow at a CAGR of 7.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing necessity to improve hospitality and reliability among customers. The Global Wireless POS Terminal market has also been witnessing the increasing organized logistics sector in emerging countries.
The markets that are not covered in this report are:
1. Any support, maintenance and services that are offered for/with wireless POS terminals.
2. Components that are used in the manufacture of wireless POS terminals.
3. Any product that does not fall under wireless POS terminals.
4. NFC POS terminals.
5. POS hardware, software, firmware, solutions, components and integrated circuits ICs.
The key vendors dominating this market space are Equinox Payments LLC, Ingenico S.A., and VeriFone Systems Inc.
The other vendors mentioned in the report are First Data Corp., PAX Technology Ltd., and ViVOtech Systems Inc.
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.
For more information visit http://www.researchandmarkets.com/research/z739tj/global_wireless
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