Global Market Scale Of Wireless POS Terminal Devices Is About 46 Million Units In 2017
Thursday, 01 Nov, 2018
The Wireless POS Terminal Devices industry is relatively concentrated, the top 12 manufactures accounting 86% global market share in 2017. The global market scale of Wireless POS Terminal Devices is about 46 million units in 2017. It is expected to reach 405.8 million units by 2025, with the CAGR of 31%. In the world wide, major manufactures mainly are Ingenico, Verifone, PAX, Newland Payment, LIANDI, Xin Guo Du, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT and etc.
Asia-Pacific is the largest consumer of Wireless POS Terminal Devices and is expected to retain the higher growth rate during the next five years due to strong growth in electronic payment industry. China has witnessed a major chunk of the production and consumption of Wireless POS Terminal Devices in the Asia Pacific region. In 2017. China produced about 23.5 million Wireless POS Terminal Devices, accounting 50.7% of global market share.
In recent years, the demand for electronic payment has been growing and the demand of faster speed of payment has been growing as well. This trend has made the demand of Mobile Wireless POS Terminal Devices become larger and this trend can be anticipated to fuel the market growth during the forecast period.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Wireless POS Terminal Devices starch will increase.