Market Forecast By Component (Hardware, POS Software & Services), By Type (Portable Countertop & PIN Pad, mPOS, Smart POS, Other), By Industry (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment, Other Industries) And Competitive Landscape
Product Code: ETC4450233 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Bangladesh Wireless POS Terminal Market |
Forecast period | 2025-2031 |
CAGR | 21% |
Growing Sector | Retail |
The Bangladesh Wireless POS Terminal Market Report thoroughly covers the market by component, type, and industry. The Bangladesh Wireless POS Terminal Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Wireless POS Terminal Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Wireless POS Terminal Market is expected to witness significant growth from 2025 to 2031. This growth can be attributed to the increasing adoption of cashless transactions and the government's initiatives towards promoting digital payments. With the rising popularity of e-commerce and m-commerce platforms, there is an increased demand for wireless POS terminals, which offer convenience and ease of use.
According to 6Wresearch, the Bangladesh Wireless POS Terminal Market size is projected to rise at a CAGR of 21% during 2025-2031. One of the key drivers for the growth of the wireless POS terminal market in Bangladesh is the government initiatives to promote digital payments. The government has launched various campaigns and policies to reduce cash transactions and encourage consumers and merchants to use electronic payment methods. The growing number of e-commerce platforms and online businesses in Bangladesh is also expected to contribute to the Bangladesh Wireless POS Terminal Market growth.
However, there are also some challenges faced by the wireless POS terminal market in Bangladesh. The lack of infrastructure and technological limitations in certain areas of the country can hinder the growth of the market. In addition, high initial costs and maintenance fees associated with wireless POS terminals may act as a barrier for small businesses and merchants.
Some of the key players in the Bangladesh wireless POS terminal market include Verifone, Ingenico, Pax Technology Ltd., Shenzhen Xinguodu Technology Co. Ltd., and Castles Technology Co. Ltd. These companies offer a range of wireless POS terminals with different features and capabilities to cater to the diverse needs of merchants and businesses in the country.
The government of Bangladesh has also taken several initiatives to promote the adoption of digital payments and boost the growth of the wireless POS terminal market. One such initiative is the National Payment Switch Bangladesh (NPSB), which was launched in 2018. NPSB is a centralized payment switch that allows banks and financial institutions to facilitate electronic transactions seamlessly. In addition, the Bangladeshi government has also introduced policies and regulations to encourage the use of digital payments, such as reducing transaction fees for electronic payments and offering tax incentives for businesses that adopt digital payment systems.
the wireless POS terminal market in Bangladesh is expected to continue its growth due to favourable government policies, increasing adoption of e-commerce platforms, and efforts towards improving digital infrastructure. With a larger number of merchants accepting electronic payments, there will be a significant shift towards a cashless society in Bangladesh. This will not only benefit businesses and consumers by providing a faster and more convenient payment option but also contribute to the country's overall economic growth.
According to Parth, Senior Research Analyst, 6Wresearch, the hardware segment is expected to hold the largest share in the Bangladesh wireless POS terminal market. This can be attributed to the increasing demand for efficient and secure payment systems in various industries such as retail, hospitality, healthcare, and transportation.
The retail industry segment is currently the fastest-growing in Bangladesh's wireless POS terminal market. With a large and growing number of retail stores, both traditional and modern, there is a high demand for convenient and efficient payment methods.
The report provides a detailed analysis of the following market segments:
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 Bangladesh Wireless POS Terminal Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Wireless POS Terminal Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Wireless POS Terminal Market - Industry Life Cycle |
3.4 Bangladesh Wireless POS Terminal Market - Porter's Five Forces |
3.5 Bangladesh Wireless POS Terminal Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Bangladesh Wireless POS Terminal Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Bangladesh Wireless POS Terminal Market Revenues & Volume Share, By Industry , 2021 & 2031F |
4 Bangladesh Wireless POS Terminal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Wireless POS Terminal Market Trends |
6 Bangladesh Wireless POS Terminal Market, By Types |
6.1 Bangladesh Wireless POS Terminal Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Component , 2021 - 2031F |
6.1.3 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Hardware, 2021 - 2031F |
6.1.4 Bangladesh Wireless POS Terminal Market Revenues & Volume, By POS Software & Services, 2021 - 2031F |
6.2 Bangladesh Wireless POS Terminal Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Portable Countertop & PIN Pad, 2021 - 2031F |
6.2.3 Bangladesh Wireless POS Terminal Market Revenues & Volume, By mPOS, 2021 - 2031F |
6.2.4 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Smart POS, 2021 - 2031F |
6.2.5 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Other, 2021 - 2031F |
6.3 Bangladesh Wireless POS Terminal Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Retail, 2021 - 2031F |
6.3.3 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Hospitality, 2021 - 2031F |
6.3.4 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.5 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Transportation, 2021 - 2031F |
6.3.6 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Sports & Entertainment, 2021 - 2031F |
6.3.7 Bangladesh Wireless POS Terminal Market Revenues & Volume, By Other Industries, 2021 - 2031F |
7 Bangladesh Wireless POS Terminal Market Import-Export Trade Statistics |
7.1 Bangladesh Wireless POS Terminal Market Export to Major Countries |
7.2 Bangladesh Wireless POS Terminal Market Imports from Major Countries |
8 Bangladesh Wireless POS Terminal Market Key Performance Indicators |
9 Bangladesh Wireless POS Terminal Market - Opportunity Assessment |
9.1 Bangladesh Wireless POS Terminal Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Bangladesh Wireless POS Terminal Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Bangladesh Wireless POS Terminal Market Opportunity Assessment, By Industry , 2021 & 2031F |
10 Bangladesh Wireless POS Terminal Market - Competitive Landscape |
10.1 Bangladesh Wireless POS Terminal Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Wireless POS Terminal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |