Market Overview:
The global credit card terminal market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for credit and debit cards, rising adoption of contactless payments, and growing number of e-commerce transactions. Based on type, the global credit card terminal market is segmented into countertop card machines, portable card machines, and mobile card machines. The countertop card machine segment is expected to hold the largest share in the global credit card terminal market during the forecast period owing to its low cost and easy installation. However, the mobile phone machine segment is projected to grow at a higher CAGR during 2018-2030 due its increasing demand from small businesses and retail stores. Based on application, banking & financial services & insurance sector accounted for majority share in 2017 followed by healthcare sector across different regions globally; however entertainment sector would witness highest growth rate over next few years as compared other sectors because of increase use cases such as ticketing or online shopping etcetera where payment needs are fulfilled through cards instead cash or any other mode of payment .
Product Definition:
A credit card terminal is a device that allows businesses to process credit card payments. It is typically a small, handheld device that plugs into a computer or phone line. Credit card terminals are important because they allow businesses to accept payments from customers who may not have cash on hand. This can be especially helpful for small businesses that may not have the resources to accept checks or other forms of payment.
Countertop Card Machines:
Countertop card machines are used for processing credit and debit card transactions at retail point-of-sale devices. They are also known as cash dispensers or cash acceptors. These machines read the magnetic strip on the back of a plastic or paper card, and either dispense money or return an error message if the information on the front of the card does not match one of several built-in databases.
Portable Card Machines:
Portable card machines are used in credit card terminals to process transactions. These machines accept payment by means of a credit or debit card, and then calculate the total amount due. The transaction data is then sent to the merchant’s accounting software or ERP system for processing.
These devices are widely accepted as they offer several advantages such as fast transaction processing, low cost of ownership, and easy maintenance among others.
Application Insights:
The banking segment dominated the global credit card terminal market in 2017 and is expected to maintain its dominance over the forecast period. The growing adoption of these machines at banks, ATMs, and other financial institutions is one of the key factors contributing to this growth. Moreover, a number of banks are now focusing on offering advanced features such as mobile payment options through these terminals which further drives their demand.
The healthcare segment accounted for more than 11% share in 2017 owing to an increase in usage at hospitals and clinics for payment or collection of dues. Furthermore, rising incidences of frauds caused due to improper inputting or printing data on patient¢â‚¬â„¢s records by medical professionals has propelled their demand further driving industry growth across regions globally.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of credit card machines in emerging countries such as China, India, and Japan. Furthermore, rising demand for mobile point-of-sale (POS) solutions is also anticipated to drive regional growth over the forecast period.
North America region accounted for a significant share owing to growing popularity of contactless payment technologies across various industries such as retail, government & public utilities, healthcare & medical services among others. Moreover, presence of key players with extensive experience in developing innovative products will fuel regional growth over the next eight years. For instance; American Express Company; Apple Pay LLC.; Bank Of America Corporation; MasterCard Worldwide Inc.; and Visa Inc.
Growth Factors:
- Increasing demand for card-based payments: A key growth driver for the credit card terminal market is the increasing demand for card-based payments, as this helps to reduce processing time and improve efficiency.
- Proliferation of contactless cards: Another major factor driving growth in the credit card terminal market is the proliferation of contactless cards, which are becoming increasingly popular among consumers due to their ease of use and security features.
- Rising demand from small businesses: The credit card terminal market is also witnessing rising demand from small businesses, as they seek to streamline their payment processes and improve efficiency.
- Growing acceptance of mobile payments: Another key trend impacting growth in the credit card terminal market is the growing acceptance of mobile payments, which are helping to drive down costs and increase convenience for consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Credit Card Terminal Market Research Report
By Type
Countertop Card Machines, Portable Card Machines, Mobile Card Machines
By Application
Banking, Financial Services, and Insurance, Healthcare, Entertainment, Government and Public Utilities, Hotel, Retail, Others
By Companies
Verifone, Ingenico, Dejavoo, PAX, Poynt, First Data, TSYS, PayPal, Square
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Credit Card Terminal Market Report Segments:
The global Credit Card Terminal market is segmented on the basis of:
Types
Countertop Card Machines, Portable Card Machines, Mobile Card Machines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance, Healthcare, Entertainment, Government and Public Utilities, Hotel, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Verifone
- Ingenico
- Dejavoo
- PAX
- Poynt
- First Data
- TSYS
- PayPal
- Square
Highlights of The Credit Card Terminal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Countertop Card Machines
- Portable Card Machines
- Mobile Card Machines
- By Application:
- Banking, Financial Services, and Insurance
- Healthcare
- Entertainment
- Government and Public Utilities
- Hotel
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Credit Card Terminal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A credit card terminal is a device that allows customers to make purchases using their credit cards.
Some of the key players operating in the credit card terminal market are Verifone, Ingenico, Dejavoo, PAX, Poynt, First Data, TSYS, PayPal, Square.
The credit card terminal market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Credit Card Terminal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Credit Card Terminal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Credit Card Terminal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Credit Card Terminal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Credit Card Terminal Market Size & Forecast, 2020-2028
4.5.1 Credit Card Terminal Market Size and Y-o-Y Growth
4.5.2 Credit Card Terminal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Countertop Card Machines
5.2.2 Portable Card Machines
5.2.3 Mobile Card Machines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance
6.2.4 Healthcare
6.2.5 Entertainment
6.2.6 Government and Public Utilities
6.2.7 Hotel
6.2.8 Retail
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Credit Card Terminal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Credit Card Terminal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Countertop Card Machines
9.6.2 Portable Card Machines
9.6.3 Mobile Card Machines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance
9.10.4 Healthcare
9.10.5 Entertainment
9.10.6 Government and Public Utilities
9.10.7 Hotel
9.10.8 Retail
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Countertop Card Machines
10.6.2 Portable Card Machines
10.6.3 Mobile Card Machines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance
10.10.4 Healthcare
10.10.5 Entertainment
10.10.6 Government and Public Utilities
10.10.7 Hotel
10.10.8 Retail
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Countertop Card Machines
11.6.2 Portable Card Machines
11.6.3 Mobile Card Machines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance
11.10.4 Healthcare
11.10.5 Entertainment
11.10.6 Government and Public Utilities
11.10.7 Hotel
11.10.8 Retail
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Countertop Card Machines
12.6.2 Portable Card Machines
12.6.3 Mobile Card Machines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance
12.10.4 Healthcare
12.10.5 Entertainment
12.10.6 Government and Public Utilities
12.10.7 Hotel
12.10.8 Retail
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Countertop Card Machines
13.6.2 Portable Card Machines
13.6.3 Mobile Card Machines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance
13.10.4 Healthcare
13.10.5 Entertainment
13.10.6 Government and Public Utilities
13.10.7 Hotel
13.10.8 Retail
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Credit Card Terminal Market: Competitive Dashboard
14.2 Global Credit Card Terminal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Verifone
14.3.2 Ingenico
14.3.3 Dejavoo
14.3.4 PAX
14.3.5 Poynt
14.3.6 First Data
14.3.7 TSYS
14.3.8 PayPal
14.3.9 Square
