The growth of the global outdoor payment terminal (OPT) market is driven by increasing penetration of smartphones, rise in adoption of cloud-based OPTs and AI integration is boosting, and growing preference to non-cash transactions.
PORTLAND, Ore., Sept. 11, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Outdoor payment terminal (OPT) Market by Type (Contact Payment, and Contactless Payment), and Application (Refuel, Carwash, Malls, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global outdoor payment terminal (OPT) Market was valued at $1,593.82 million in 2022 and is estimated to reach $4,753.02 million by 2032, exhibiting a CAGR of 11.8% from 2023 to 2032.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/15725
Outdoor payment terminal (OPT) is extremly essential for businesses that focus on serving their customers in outdoor environments. It offers quick and secure self-service transaction choices to customers using contactless or contact payment methods.
Prime determinants of growth
Increasing penetration of smartphones and rise in adoption of cloud-based OPTs and AI integration is boosting the growth of the global outdoor payment terminal (OPT) market. In addition, growing preference to non-cash transactions is positively impacts growth of the outdoor payment terminal (OPT) market. However, security issues and privacy concerns and high deployment and maintenance cost is hampering the outdoor payment terminal (OPT) market growth. On the contrary, rising adoption of OPT solutions among SMEs is expected to offer remunerative opportunities for expansion of the outdoor payment terminal (OPT) market during the forecast period.
Report coverage & details:
Report Coverage | Details |
Forecast Period | 2023–2032 |
Base Year | 2022 |
Market Size in 2022 | $ 1,593.82 million |
Market Size in 2032 | $ 4,753.02 million |
CAGR | 11.8 % |
No. of Pages in Report | 210 |
Segments covered | Type, Application, and Region. |
Drivers | Rise in need to track and manage income. Increase in dependency on the internet Increase in use of digital transformation technology |
Opportunities | Increased adoption of personal finance software among developing economies |
Restraints | Increasing security concerns High implementation cost |
Covid-19 Scenario
- The outdoor payment terminal (OPT) market has witnessed stable growth during the COVID-19 pandemic, owing to the rising dependency on contactless payments. The reliance of customers and vendors on contactless payment modes to contain the spread of the virus is anticipated to provide opportunities for the market.
- Moreover, with the implementation of OPTs retail merchants ensure to provide a secure platform to their customers owing to the rising concerns of payment security.
Buy This Report (210 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/481QSSG
The contactless payment segment to maintain its leadership status throughout the forecast period.
Based on the type, the contact payment segment held the highest market share in 2022, accounting for more than two-thirds of the global outdoor payment terminal (OPT) market revenue, owing to increasing adoption of outdoor payment terminal (OPT) by various businesses across the globe as the preferred way of payment for bulk payouts. However, the contactless payment segment is projected to manifest the highest CAGR of 13.8% from 2023 to 2032, owing to the increased adoption of digitalization in banking activity.
The malls segment to maintain its leadership status throughout the forecast period
Based on application, the refuel segment held the highest market share in 2022, accounting for nearly one-third of the global outdoor payment terminal (OPT) market revenue, owing to increase in demand for personalization and self-service on services and products. However, the malls segment is projected to manifest the highest CAGR of 14.5% from 2023 to 2032, owing to a rising adoption of smartphones, alternative payment methods, and sustainable approaches.
Asia-Pacific maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global outdoor payment terminal (OPT) market revenue, owing to increase in demand for the type of payment methods such as credit, debit, prepaid cards, and others is growing among people in the countries such as the U.S. and Canada. However, the Asia-Pacific region is expected to witness the fastest CAGR of 14.8% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to owing to the rising deployment of OPTs, predominantly in developing countries like China and India.
Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/15725
Leading Market Players: -
- Apple Inc.,
- Capgemini SE,
- Dover fueling solutions,
- Finastra Group Holdings Limited,
- Gilbarco Inc,
- Invenco Group Ltd.,
- Scheidt & Bachmann GmbH,
- Temenos AG,
- NCR Corporation,
- Verifone, Inc,
The report provides a detailed analysis of these key players of the global outdoor payment terminal (OPT) market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Regional Trending Reports:
U.S. Outdoor Payment Terminal (OPT) Market : Opportunity Analysis and Industry Forecast, 2022-2032
Canada Outdoor Payment Terminal (OPT) Market : Opportunity Analysis and Industry Forecast, 2022-2032
UK Outdoor Payment Terminal (OPT) Market : Opportunity Analysis and Industry Forecast, 2022-2032
Japan Outdoor Payment Terminal (OPT) Market : Opportunity Analysis and Industry Forecast, 2022-2032
Trending Reports in BFSI Industry (Book Now with 10% Discount):
Personal Loans Market : Global Opportunity Analysis and Industry Forecast, 2021-2030
Alternative Finance Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
Investment Banking Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
Mobile Payment Market : Global Opportunity Analysis and Industry Forecast, 2020-2027
Digital Business Card Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/outdoor-payment-terminal-opt-market-to-reach-4-753-02-million-by-2032-at-11-8-cagr-301923211.html
Voltar noticias em Inglês