Product Code: ETC4450226 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Thailand Wireless Point of Sale (POS) Terminal Market is thriving due to the rapid adoption of digital payment solutions and the need for flexibility in retail and hospitality sectors. Wireless POS terminals provide convenience and mobility to businesses, allowing for faster and more secure transactions. The market growth is fueled by the ongoing shift toward cashless payments and the modernization of retail and dining establishments.
The Wireless POS Terminal market in Thailand is experiencing robust growth, driven by the nation evolving retail landscape and the increasing adoption of cashless payment solutions. Wireless POS terminals, equipped with secure and convenient payment technologies, provide retailers with the flexibility to accept payments anywhere within a store environment. The market expansion is further propelled by Thailand growing e-commerce sector, the rising consumer preference for digital payment methods, and the efforts by businesses to streamline checkout processes. As Thailand retail industry embraces technological advancements to enhance customer experiences and operational efficiency, the demand for wireless POS terminals is on the rise, marking a strategic shift towards creating seamless and contactless payment ecosystems that cater to the modern preferences of both retailers and consumers.
The Thailand Wireless POS Terminal market faces challenges related to the security concerns associated with wireless transactions. Consumer apprehension about the safety of wireless payment methods, coupled with the potential for data breaches, poses obstacles to widespread adoption. Additionally, the need for standardized security protocols and interoperability among various payment systems may contribute to market complexities. Addressing these challenges involves continuous advancements in encryption technologies, collaboration with cybersecurity experts, and concerted efforts to build consumer trust in wireless POS transactions.
The Thailand Wireless Point-of-Sale (POS) Terminal Market navigated challenges during the COVID-19 pandemic, with disruptions in retail, hospitality, and payment processing. However, the market demonstrated resilience as businesses recognized the value of wireless POS terminals for contactless transactions and flexibility in payment acceptance. The increased emphasis on digital payments and the demand for secure and mobile POS solutions contributed to the market recovery. The pandemic underscored the significance of wireless POS terminals in adapting to changing consumer preferences, driving investments in technologies that support advancements in connectivity, security, and functionality for diverse retail and service industries.
Transforming retail and payment transactions in Thailand, key players such as VeriFone (now part of Francisco Partners) and Ingenico Group (acquired by Worldline) contribute to the Wireless Point of Sale (POS) Terminal market. VeriFone, now part of Francisco Partners, offers wireless POS solutions, facilitating secure and convenient payment processing. Ingenico Group, now part of Worldline, specializes in payment solutions, contributing to the development of wireless POS terminals for seamless transactions in Thailand. These companies play a crucial role in the evolution of payment technologies, providing retailers and businesses with efficient and secure POS solutions.
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 Thailand Wireless POS Terminal Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Wireless POS Terminal Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Wireless POS Terminal Market - Industry Life Cycle |
3.4 Thailand Wireless POS Terminal Market - Porter's Five Forces |
3.5 Thailand Wireless POS Terminal Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Thailand Wireless POS Terminal Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Thailand Wireless POS Terminal Market Revenues & Volume Share, By Industry , 2021 & 2031F |
4 Thailand Wireless POS Terminal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Wireless POS Terminal Market Trends |
6 Thailand Wireless POS Terminal Market, By Types |
6.1 Thailand Wireless POS Terminal Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Thailand Wireless POS Terminal Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Thailand Wireless POS Terminal Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 Thailand Wireless POS Terminal Market Revenues & Volume, By POS Software & Services, 2021-2031F |
6.2 Thailand Wireless POS Terminal Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Wireless POS Terminal Market Revenues & Volume, By Portable Countertop & PIN Pad, 2021-2031F |
6.2.3 Thailand Wireless POS Terminal Market Revenues & Volume, By mPOS, 2021-2031F |
6.2.4 Thailand Wireless POS Terminal Market Revenues & Volume, By Smart POS, 2021-2031F |
6.2.5 Thailand Wireless POS Terminal Market Revenues & Volume, By Other, 2021-2031F |
6.3 Thailand Wireless POS Terminal Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Thailand Wireless POS Terminal Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Thailand Wireless POS Terminal Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.4 Thailand Wireless POS Terminal Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Thailand Wireless POS Terminal Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.6 Thailand Wireless POS Terminal Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.3.7 Thailand Wireless POS Terminal Market Revenues & Volume, By Other Industries, 2021-2031F |
7 Thailand Wireless POS Terminal Market Import-Export Trade Statistics |
7.1 Thailand Wireless POS Terminal Market Export to Major Countries |
7.2 Thailand Wireless POS Terminal Market Imports from Major Countries |
8 Thailand Wireless POS Terminal Market Key Performance Indicators |
9 Thailand Wireless POS Terminal Market - Opportunity Assessment |
9.1 Thailand Wireless POS Terminal Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Thailand Wireless POS Terminal Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Thailand Wireless POS Terminal Market Opportunity Assessment, By Industry , 2021 & 2031F |
10 Thailand Wireless POS Terminal Market - Competitive Landscape |
10.1 Thailand Wireless POS Terminal Market Revenue Share, By Companies, 2024 |
10.2 Thailand Wireless POS Terminal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |