Market Overview:
The global smart payment terminal market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contactless payments and the growing trend of card-not-present transactions. In addition, the increasing adoption of mobile payment solutions is also contributing to the growth of this market. The global smart payment terminal market can be segmented on the basis of type into fixed terminals and mobile terminals. The fixed terminal segment is expected to account for a larger share in terms of revenue in 2018, owing to its higher adoption rates across various applications such as retail, healthcare, transportation, sports & entertainment, and other applications. However, with rising demand for mobility among consumers and merchants alike, the mobile terminal segment is projected to witness higher growth during the forecast period from 2018to 2030. On basis application wise Global Smart Payment Terminal Market are bifurcated into Retail sector , Healthcare sector , Transportation sector , Sports & Entertainment Sector and Other Applications . Among these segments Retail Sector accounted highest revenue share followed by Healthcare Sector in 2017 . However it is projected that Transportation sector will have highest CAGR over next decade due high penetration rate opportunities across globe . Regionally Global Smart Payment Terminal Market are divided into five key regions viz.
Product Definition:
A smart payment terminal is a device that allows customers to pay for goods or services by scanning a QR code, tapping their phone against the terminal, or using a NFC chip. The importance of smart payment terminals is that they allow businesses to accept payments from customers without having to worry about the security of the transaction.
Fixed terminal:
Fixed terminal is a device or an application used in Point of Sale (POS) systems for processing fixed-price transactions. The POS system may be connected to the Internet, Intranet or Extranet and can be used to make secure online purchases.
The global Fixed Terminal Market size was valued at USD 6,500 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Mobile Terminal:
Mobile terminal is a device used for making secure transactions via mobile phones. It helps in enhancing customer experience by providing quick and easy access to services, offers, benefits and rewards on the go. The smart payment terminals use these devices to perform various functions such as accepting payments, processing loyalty or gift card payments among others.
The global market for mobile terminals is expected to witness significant growth over the forecast period owing to increasing demand across retail stores, restaurants.
Application Insights:
The retail segment dominated the global smart payment terminal market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to an increase in e-commerce transactions and a shift towards cashless economy, especially in emerging economies such as India and China. According to a study published by LBS Research, Inc., nearly 40% of all retail sales are made through mobile devices, which is expected to boost the adoption of mPOS terminals across retailers globally over the coming years.
Healthcare was one of the prominent segments that adopted mPOS technology early and has been successful at it since then.
Regional Analysis:
The North American regional market dominated the global industry in 2017. The growth of this region can be attributed to the presence of prominent service providers such as NCR Corporation; Paypal Holdings, Inc.; and Braintree, Inc. Moreover, these companies are also investing in developing countries such as India and China to expand their business. For instance, in October 2018, Alibaba Group Holding Ltd., a Chinese e-commerce giant invested USD X billion for acquiring AlipayHK Limited (Alibaba's payment arm) and Ant Financial Services Group (Ant's financial services arm). This acquisition will help Alibaba gain a strong foothold across the globe especially in Southeast Asia thus contributing significantly to its overall revenue generation.
However, Asia Pacific is anticipated to emerge as the fastest growing regional market over the forecast period owing to increasing internet penetration rates coupled with rising mobile phone adoption rates throughout emerging economies including China.
Growth Factors:
- Increasing demand for contactless payments: The global market for contactless payments is expected to grow at a CAGR of over 20% during the forecast period. This is primarily owing to the increasing demand for convenience and security in payment transactions. Smart payment terminals offer both these features and are hence witnessing high adoption rates across the world.
- Proliferation of mobile commerce: With the proliferation of smartphones and other mobile devices, there has been a corresponding increase in the use of mobile commerce (m-commerce). This trend is particularly prominent in developing countries where there is a large population that does not have access to traditional banking facilities. Smart payment terminals provide an ideal solution for m-commerce transactions as they are equipped with NFC technology which allows users to make payments by simply tapping their phones on the terminal.
- Rising number of e-commerce transactions: The growth of e-commerce has led to an increase in online payments, which in turn has driven demand for smart payment terminals worldwide. In fact, according to a study by Forrester Research, global online retail sales are expected to reach trillion by 2020, up from 9 billion in 2016*. This provides immense potential growth opportunities for players operating in the smart payment terminal market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Payment Terminal Market Research Report
By Type
Fixed terminal, Mobile Terminal
By Application
Retail, Healthcare, Transportation, Sports & Entertainment, Other
By Companies
Ingenico, Verifone, PAX, Newland Payment, First Data, NCR Corporation, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT, Elavon, Poynt, Telpo, Diebold Nixdorf, Squirrel Systems, Cegid Group
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Smart Payment Terminal Market Report Segments:
The global Smart Payment Terminal market is segmented on the basis of:
Types
Fixed terminal, Mobile Terminal
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
Retail, Healthcare, Transportation, Sports & Entertainment, Other
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:
- Ingenico
- Verifone
- PAX
- Newland Payment
- First Data
- NCR Corporation
- New POS Technology
- Bitel
- CyberNet
- Castles Technology
- SZZT
- Elavon
- Poynt
- Telpo
- Diebold Nixdorf
- Squirrel Systems
- Cegid Group
Highlights of The Smart Payment 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:
- Fixed terminal
- Mobile Terminal
- By Application:
- Retail
- Healthcare
- Transportation
- Sports & Entertainment
- Other
- 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 Smart Payment 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 Smart Payment Terminal is a machine that allows customers to make payments using their smartphones. The terminal typically has a touchscreen and an embedded NFC chip, which allows customers to pay by tapping their phones on the terminal.
Some of the major players in the smart payment terminal market are Ingenico, Verifone, PAX, Newland Payment, First Data, NCR Corporation, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT, Elavon, Poynt, Telpo, Diebold Nixdorf, Squirrel Systems, Cegid Group.
The smart payment terminal market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Payment 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 Smart Payment Terminal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Payment 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 Smart Payment 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 Smart Payment Terminal Market Size & Forecast, 2020-2028
4.5.1 Smart Payment Terminal Market Size and Y-o-Y Growth
4.5.2 Smart Payment 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 Fixed terminal
5.2.2 Mobile Terminal
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 Retail
6.2.2 Healthcare
6.2.3 Transportation
6.2.4 Sports & Entertainment
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Payment 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 Smart Payment 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 Fixed terminal
9.6.2 Mobile Terminal
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 Retail
9.10.2 Healthcare
9.10.3 Transportation
9.10.4 Sports & Entertainment
9.10.5 Other
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 Fixed terminal
10.6.2 Mobile Terminal
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 Retail
10.10.2 Healthcare
10.10.3 Transportation
10.10.4 Sports & Entertainment
10.10.5 Other
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 Fixed terminal
11.6.2 Mobile Terminal
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 Retail
11.10.2 Healthcare
11.10.3 Transportation
11.10.4 Sports & Entertainment
11.10.5 Other
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 Fixed terminal
12.6.2 Mobile Terminal
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 Retail
12.10.2 Healthcare
12.10.3 Transportation
12.10.4 Sports & Entertainment
12.10.5 Other
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 Fixed terminal
13.6.2 Mobile Terminal
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 Retail
13.10.2 Healthcare
13.10.3 Transportation
13.10.4 Sports & Entertainment
13.10.5 Other
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 Smart Payment Terminal Market: Competitive Dashboard
14.2 Global Smart Payment Terminal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingenico
14.3.2 Verifone
14.3.3 PAX
14.3.4 Newland Payment
14.3.5 First Data
14.3.6 NCR Corporation
14.3.7 New POS Technology
14.3.8 Bitel
14.3.9 CyberNet
14.3.10 Castles Technology
14.3.11 SZZT
14.3.12 Elavon
14.3.13 Poynt
14.3.14 Telpo
14.3.15 Diebold Nixdorf
14.3.16 Squirrel Systems
14.3.17 Cegid Group
