Product Code: ETC4450231 | 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 Vietnam Wireless Point of Sale (POS) Terminal Market is undergoing rapid expansion, fueled by the digitization of payment processes and the increasing popularity of wireless payment solutions. Wireless POS terminals provide flexibility and mobility, allowing businesses in Vietnam to accept payments securely from various locations. The market is characterized by the integration of contactless payment technologies, security features, and user-friendly interfaces. As the country embraces a cashless economy, the Wireless POS Terminal Market is poised for sustained growth, with businesses across sectors adopting these solutions to enhance the overall customer payment experience.
The Vietnam Wireless Point of Sale (POS) Terminal market is experiencing rapid growth due to the expanding retail and hospitality sectors. Businesses are embracing wireless POS terminals for their convenience, mobility, and enhanced customer experience. Additionally, the government`s push for digital payments and the rise in e-commerce have boosted the adoption of wireless POS terminals, contributing to their increasing market share.
The Vietnam Wireless POS Terminal market faces challenges linked to the adoption of cashless payment methods and cybersecurity. While there is a growing trend towards digital payments in Vietnam, there are still significant portions of the population that rely on cash transactions. Convincing businesses to adopt wireless POS terminals and consumers to use them can be a challenge. Moreover, ensuring the security of these systems against cyber threats is vital, especially as the market grows, and cybercriminals target payment systems. Regulatory compliance and ensuring that POS terminals meet international standards also add complexity to the market.
The Vietnam Wireless POS Terminal market experienced notable consequences due to the COVID-19 pandemic. With lockdowns and restrictions impacting retail and hospitality sectors, the demand for POS terminals declined sharply. The emphasis on contactless transactions and the shift towards e-commerce further altered the landscape for POS solutions. Businesses faced challenges in upgrading and adopting wireless POS terminals during the pandemic, but the growing need for flexible and secure payment options may drive recovery in this market as the economy rebounds.
In the fast-evolving Vietnam Wireless POS Terminal market, several key players drive the adoption of advanced payment solutions. Ingenico Group, a global leader in seamless payment, is a key player offering wireless POS terminals with cutting-edge technology. Verifone Systems, Inc. is another influential player, providing secure and efficient wireless payment solutions. Moreover, PAX Global Technology Limited contributes to the market with its range of wireless POS terminals catering to different business needs.
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 Vietnam Wireless POS Terminal Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Wireless POS Terminal Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Wireless POS Terminal Market - Industry Life Cycle |
3.4 Vietnam Wireless POS Terminal Market - Porter's Five Forces |
3.5 Vietnam Wireless POS Terminal Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Vietnam Wireless POS Terminal Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Vietnam Wireless POS Terminal Market Revenues & Volume Share, By Industry , 2021 & 2031F |
4 Vietnam Wireless POS Terminal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Wireless POS Terminal Market Trends |
6 Vietnam Wireless POS Terminal Market, By Types |
6.1 Vietnam Wireless POS Terminal Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Wireless POS Terminal Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Vietnam Wireless POS Terminal Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 Vietnam Wireless POS Terminal Market Revenues & Volume, By POS Software & Services, 2021-2031F |
6.2 Vietnam Wireless POS Terminal Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Wireless POS Terminal Market Revenues & Volume, By Portable Countertop & PIN Pad, 2021-2031F |
6.2.3 Vietnam Wireless POS Terminal Market Revenues & Volume, By mPOS, 2021-2031F |
6.2.4 Vietnam Wireless POS Terminal Market Revenues & Volume, By Smart POS, 2021-2031F |
6.2.5 Vietnam Wireless POS Terminal Market Revenues & Volume, By Other, 2021-2031F |
6.3 Vietnam Wireless POS Terminal Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Wireless POS Terminal Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Vietnam Wireless POS Terminal Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.4 Vietnam Wireless POS Terminal Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Vietnam Wireless POS Terminal Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.6 Vietnam Wireless POS Terminal Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.3.7 Vietnam Wireless POS Terminal Market Revenues & Volume, By Other Industries, 2021-2031F |
7 Vietnam Wireless POS Terminal Market Import-Export Trade Statistics |
7.1 Vietnam Wireless POS Terminal Market Export to Major Countries |
7.2 Vietnam Wireless POS Terminal Market Imports from Major Countries |
8 Vietnam Wireless POS Terminal Market Key Performance Indicators |
9 Vietnam Wireless POS Terminal Market - Opportunity Assessment |
9.1 Vietnam Wireless POS Terminal Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Vietnam Wireless POS Terminal Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Vietnam Wireless POS Terminal Market Opportunity Assessment, By Industry , 2021 & 2031F |
10 Vietnam Wireless POS Terminal Market - Competitive Landscape |
10.1 Vietnam Wireless POS Terminal Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Wireless POS Terminal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |