Outdoor Payment Terminal (OPT) Market By Type (Contact Payment, Contactless Payment), By Application (Refuel, Carwash, Malls, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Outdoor payment terminals, often known as OPTS, are Unattended payment terminals that let consumers utilizing contactless or contact payment methods quick and secure self-service transaction options. The need for outdoor payment terminals is being driven by several other causes, including growing customer knowledge of online transactions, fingerprint and face recognition technology, accessibility to online clothes, and items for groceries and electricity. Outdoor payment terminals enable customers to benefit from services and pay effortlessly without the need for additional workers in end-user businesses that see significant daily transaction volumes, such as gas stations. Outdoor payment terminals enhance transaction processes’ security, effectiveness, and flexibility. The use of outdoor payment terminals also improves customer service, boosts service availability around-the-clock, and lowers operating expenses by removing the requirement for staff to handle transactions. Additionally, communication between outside payment terminals and management systems enhances monitoring and control of transaction processes.
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.
The outdoor payment terminal (OPT) market is segmented on the basis of by type, application, and region. On the basis of type, the market is categorized into contact payment, and contactless payment. On the basis of application, the market is fragmented into refuel, carwash, malls, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the outdoor payment terminal (OPT) market are Apple Inc., Capgemini SE, dover fueling solutions, Finastra Group Holdings Limited, Gilbarco Inc, Invenco Group Ltd., Scheidt & Bachmann GmbH, Temenos AG, NCR Corporation, and Verifone, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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Key Benefits For StakeholdersThe study provides an in-depth analysis of the global outdoor payment terminal (OPT) market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global outdoor payment terminal (OPT) market trend is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2032 is provided to determine the market potential.
Key Market SegmentsBy TypeContact Payment
Contactless Payment
By ApplicationRefuel
Carwash
Malls
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
NCR Corporation
Verifone, Inc
Temenos AG
Scheidt & Bachmann GmbH
Gilbarco Inc
Finastra Group Holdings Limited
Invenco Group Ltd.
Capgemini SE
Apple Inc.
Dover Fueling Solutions
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