Global Wireless POS Terminal Market to 2016: Equinox Payments, Ingenico & VeriFone Systems Dominate the Industry

DUBLIN, Ireland, December 5, 2013 /PRNewswire/ --

Research and Markets
( http://www.researchandmarkets.com/research/l65mr6/global_wireless) has announced the addition of the "Global Wireless POS Terminal Market to 2016" report to their offering.
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The Global Wireless POS Terminal market to grow at a CAGR of 7.7 percent over the period 2012-2016.

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.

Further, the report states that one of the key factors hindering the growth of this market is the lack of innovative applications of wireless POS terminals in the developing countries.

The key vendors dominating this market space are:

• Equinox Payments LLC
• Ingenico S.A.
• VeriFone Systems Inc.

The other vendors mentioned in the report are:

• First Data Corp.
• PAX Technology Ltd.
• ViVOtech Systems Inc.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Introduction

04. Market Research Methodology

05. Scope of the Report

06. Market Landscape

07. Geographical Segmentation

08. Key Leading Countries

09. Vendor Landscape

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Key Vendor Analysis

Companies Mentioned

- Equinox Payments LLC
- First Data Corp.
- Ingenico S.A.
- PAX Technology Ltd.
- VeriFone Systems Inc.
- ViVOtech Systems Inc.

For more information visit http://www.researchandmarkets.com/research/l65mr6/global_wireless

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Sector: Wireless