Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Outdoor Payment Terminal Market Size is Expected to Grow from USD 4.19 Billion in 2023 to USD 9.98 Billion by 2033, at a CAGR 9.07% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Outdoor Payment Terminal Market Size, Share, and COVID-19 Impact Analysis, By Type (Contactless Payment Terminal, Contact Payment Terminal), By Application (Refuel, Carwash, Malls, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The outdoor payment terminal (OPT) market refers to the industry that develops standalone payment devices designed for outdoor locations, allowing customers to complete transactions without human assistance. Typically find OPTs in parking lots, drive-thrus, and gas stations. Several factors are driving the growth of the OPT market. The user experience is being enhanced through technologies such as interactive touchscreens, customizable interfaces, and biometric authentication. Additionally, consumers are increasingly aware of security features like facial recognition and biometric software. OPTs are known for their reliability and low latency networks. The transportation sector's adoption of OPTs is also a significant contributor to market growth. However, one of the main constraints on the outdoor payment terminal market is cost. When considering new technologies like OPTs, debit cards, UPI, and online banking, the price remains a critical factor for consumers and businesses correspondingly.
The contact payment terminal segment is predicted to hold the largest market share through the forecast period.
Based on the type, the outdoor payment terminal market is classified into contactless payment terminal, contact payment terminal. Among these, the contact payment terminal segment is predicted to hold the largest market share through the forecast period. The demand for secure and efficient payment methods is rapidly increasing among consumers. As both businesses and consumers prioritize contactless transactions for convenience and hygiene, the popularity of contact payment terminals is surging. This trend is further enhanced by technological advancements that offer faster transaction speeds and improved security features. Additionally, the growing adoption of these terminals by the retail and service sectors significantly contributes to their dominance in the market.
The refuel segment is anticipated to hold the highest market share during the projected timeframe.
Based on the application, the outdoor payment terminal market is divided into refuel, carwash, malls, and others. Among these, the refuel segment is anticipated to hold the highest market share during the projected timeframe. The rise in demand for convenient payment solutions at fuel stations is becoming apparent. More consumers are opting for quick and efficient payment options while refueling, leading to an increase in the adoption of outdoor payment terminals designed specifically for this purpose. Furthermore, the growing trend of automation in the fuel retail industry, along with the integration of faithfulness programs and mobile payment options, enhances the attractiveness of refueling payment solutions.
North America is estimated to hold the largest share of the outdoor payment terminal market over the forecast period.
North America is estimated to hold the largest share of the outdoor payment terminal market over the forecast period. The market growth is primarily driven by the region's advanced infrastructure and high technology adoption rates. The increasing use of outdoor payment solutions across various sectors, including retail, transportation, and hospitality, is supporting this growth. Consumer preferences for contactless and mobile payment options further boost the demand for outdoor terminals. The presence of key market players and ongoing innovations in payment technologies also contribute to North America's leading position in this market segment.
Europe is expected to grow the fastest during the forecast period. The market is experiencing rapid growth due to a combination of regulatory support and a strong push toward digital payment solutions. Businesses are increasingly adopting outdoor payment terminals to meet consumer demand for convenience and security. Additionally, the growing emphasis on sustainability and cashless transactions aligns with the region's broader goals for financial inclusion, creating a favorable environment for market expansion. The rise of e-commerce and the integration of advanced technologies, such as NFC and mobile wallets, are further accelerating the growth of outdoor payment terminals in Europe.
Company Profiling
Major key players in the outdoor payment terminal market includes NCR Corporation, Gilbarco Inc., Invenco Group Ltd., Verifone, Inc., Dover Fueling Solutions, Scheidt & Bachmann GmbH, Apple Inc., Temenos AG, Capgemini SE, Finastra Group Holdings Limited, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the outdoor payment terminal market based on the below-mentioned segments:
Global Outdoor Payment Terminal Market, By Type
Global Outdoor Payment Terminal Market, By Application
Global Outdoor Payment Terminal Market, By Regional Analysis
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