Product Code: ETC5587289 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The wireless POS terminal market in Taiwan is witnessing significant growth, propelled by the rising adoption of cashless payment solutions and the increasing preference for contactless transactions. The ongoing shift toward digital payments, accelerated by the COVID-19 pandemic, has led to a surge in demand for advanced wireless POS systems that offer convenience and efficiency for retailers and consumers alike. Innovations in mobile payment technologies, such as NFC (Near Field Communication) and QR code payments, are further enhancing the capabilities of wireless POS terminals. As small and medium-sized enterprises (SMEs) increasingly adopt digital payment solutions, the market for wireless POS terminals is expected to expand substantially in Taiwan.
The wireless POS terminal market in Taiwan is experiencing growth due to the rapid digitization of retail environments and the increasing adoption of cashless payment methods. As consumers shift towards mobile payments and contactless transactions, businesses are upgrading their payment systems to incorporate wireless POS terminals that enhance convenience and speed. The growth of e-commerce and omnichannel retail strategies is also contributing to the demand for versatile payment solutions that can operate seamlessly across various platforms. Furthermore, advancements in wireless technology are enabling secure and efficient transactions, further driving the adoption of wireless POS systems.
The wireless POS terminal market in Taiwan faces several key challenges, including the rapid evolution of payment technologies and changing consumer preferences. With the rise of digital wallets and contactless payments, traditional POS systems must adapt to remain relevant. This shift requires significant investment in new technology, which can be a barrier for smaller retailers. Additionally, the market is highly competitive, with numerous players offering similar products, making differentiation crucial for success. Furthermore, security concerns related to data breaches and fraud can deter businesses from upgrading their systems. The ongoing need for compliance with evolving regulations also adds complexity to operations. Finally, supply chain disruptions may lead to delays in obtaining essential components, affecting the overall availability of POS terminals in the market.
The growth of the wireless POS terminal market is supported by government initiatives promoting cashless transactions and digital payment solutions. Policies aimed at enhancing financial technology and encouraging startups in the fintech sector have contributed to increased demand for innovative POS solutions. Additionally, regulations ensuring the security of payment transactions foster consumer trust in wireless payment systems. The government`s focus on digital transformation across various sectors is likely to continue driving growth in the wireless POS terminal market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Taiwan Wireless POS Terminal Market Overview |
3.1 Taiwan Country Macro Economic Indicators |
3.2 Taiwan Wireless POS Terminal Market Revenues & Volume, 2021 & 2031F |
3.3 Taiwan Wireless POS Terminal Market - Industry Life Cycle |
3.4 Taiwan Wireless POS Terminal Market - Porter's Five Forces |
3.5 Taiwan Wireless POS Terminal Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Taiwan Wireless POS Terminal Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Taiwan Wireless POS Terminal Market Revenues & Volume Share, By Industry , 2021 & 2031F |
4 Taiwan Wireless POS Terminal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Taiwan Wireless POS Terminal Market Trends |
6 Taiwan Wireless POS Terminal Market Segmentations |
6.1 Taiwan Wireless POS Terminal Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Taiwan Wireless POS Terminal Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Taiwan Wireless POS Terminal Market Revenues & Volume, By POS Software & Services, 2021-2031F |
6.2 Taiwan Wireless POS Terminal Market, By Type |
6.2.1 Overview and Analysis | 6.2.2 Taiwan Wireless POS Terminal Market Revenues & Volume, By Portable Countertop & PIN Pad, 2021-2031F |
6.2.3 Taiwan Wireless POS Terminal Market Revenues & Volume, By mPOS, 2021-2031F |
6.2.4 Taiwan Wireless POS Terminal Market Revenues & Volume, By Smart POS, 2021-2031F |
6.2.5 Taiwan Wireless POS Terminal Market Revenues & Volume, By Other, 2021-2031F |
6.3 Taiwan Wireless POS Terminal Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Taiwan Wireless POS Terminal Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Taiwan Wireless POS Terminal Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.4 Taiwan Wireless POS Terminal Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Taiwan Wireless POS Terminal Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.6 Taiwan Wireless POS Terminal Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.3.7 Taiwan Wireless POS Terminal Market Revenues & Volume, By Other Industries, 2021-2031F |
7 Taiwan Wireless POS Terminal Market Import-Export Trade Statistics |
7.1 Taiwan Wireless POS Terminal Market Export to Major Countries |
7.2 Taiwan Wireless POS Terminal Market Imports from Major Countries |
8 Taiwan Wireless POS Terminal Market Key Performance Indicators |
9 Taiwan Wireless POS Terminal Market - Opportunity Assessment |
9.1 Taiwan Wireless POS Terminal Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Taiwan Wireless POS Terminal Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Taiwan Wireless POS Terminal Market Opportunity Assessment, By Industry , 2021 & 2031F |
10 Taiwan Wireless POS Terminal Market - Competitive Landscape |
10.1 Taiwan Wireless POS Terminal Market Revenue Share, By Companies, 2024 |
10.2 Taiwan Wireless POS Terminal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |