Outdoor Payment Terminal Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

According to forecasts, the outdoor payment terminal market is expected to be US$ 1,679.0 million in 2023 and US$ 4,529.5 million by 2033.

Demand for OPT is high among consumers in emerging nations as they adopt cell phones and mobile payment methods more regularly. This is because customers rapidly and securely make purchases utilizing mobile payment programs supplied by competitors like Apple Pay, Samsung Pay, and Google’s Android Pay using NFC-enabled terminals.

The need for smart payment systems like OPT is being driven by the following:

  • The growing use of smartphones
  • Consumer awareness of online payments
  • Face recognition
  • Fingerprint software for smartphones
  • The accessibility of online groceries, clothes, and electrical items.

Users have increased customer trust by securing information by providing a layer of authentication to payment gateways. However, the market’s expansion needs to be improved by the high cost of real-time payment solution components and the expense of integrating payment gateways.

A big expense component is the installation of tight security to safeguard the interests of others. These are the key factors that both public and private enterprises need for technology to be constrained.

Key Takeaways

  • By 2033, the outdoor payment terminal market in the United Kingdom is likely to expand, with a CAGR of 8.2%.
  • In 2022, the United States developed the outdoor payment terminal business with a share of 15.6%.
  • The outdoor payment terminal market grew considerably to US$ 1,543.2 million in 2022.
  • The outdoor payment terminal sector expanded at a CAGR of 8.3% from 2018 to 2022.
  • By 2033, China’s outdoor payment terminal market is projected to develop with a CAGR of 12.2%.
  • By 2033, India’s outdoor payment terminal industry is projected to expand with a CAGR of 14.3%.
  • Japan’s outdoor payment terminal industry expanded significantly, with a 6.4% share in 2022.
  • Australia’s outdoor payment terminal sector expanded with a share of 3.2% in 2022.
  • Germany’s outdoor payment terminal business grew, with a share of 9.4% in 2022.
  • In 2022, the contact outdoor payment terminals segment dominated the market, with a share of 52.4%, based on type.
  • In 2022, the outdoor payment terminals for malls dominated the market, with a share of 27.8%, based on application.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights

Competitors Winning Strategies

Outdoor payment terminal businesses glorify their product offerings to achieve a high market share. Players are spending on research and development initiatives; as a result, to maintain their products distinct from those of their rivals. To improve their customers’ experiences, OPT providers work to incorporate features into their devices, including loyalty programs and multi-language support, among others.

Recent Development:

  • Invenco and FuelMedia TV joined together in a strategic partnership in February 2022. The partnership makes use of G7- and G9-Invenco pay-at-pump terminals, providing consumers with HD touch displays with sound, full vision, and motion video on several screen sizes.
  • NCR Corporation, a global provider of business technology, declared in January 2022 that the previously announced acquisition of LibertyX, a well-known provider of Bitcoin software, had been completed.

Key Segments

By Type:

  • Contactless Outdoor
  • Contact Outdoor

By Application:

  • Refuel
  • Car Wash
  • Malls
  • Other Applications

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *