Smart Payment Terminal Market New events in technology and market size forecast by 2027 | Squirrel Systems, Cegid Group

Smart Payment Terminal

Smart Payment Terminal Market Share Analysis, Current Trends, Competitive Enhancements, Size and Business Outlook for 2021-2027

The Smart Payment Terminal market analysis includes market size, upstream situation, market segmentation, price & cost, and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels. The report begins with an overview of the industry chain structure and describes the upstream. Besides, the report analyses market size and forecast in different geographies, types, and end-use segments, in addition, the report introduces the Smart Payment Terminal market competition overview among the major companies and companies’ profiles, besides, market price and channel features are covered in the report.

The global Smart Payment Terminal market exhibited moderate growth during 2021-2027. Looking onward, the market is to grow at a CAGR of around 25.89%.

The study contains market share analysis and profiles of players such as 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

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If you are an Smart Payment Terminal manufacturer and would like to check or understand the policy and regulatory proposal, designing clear explanations of the stakes, potential winners and losers, and options for development then this article will help you understand the pattern with Impacting Trends. 

Market Overview:

More and more countries are moving toward becoming cashless economies, thus encouraging digital payment providers by incentivizing their consumers' digital forms of payments. For instance, according to a report from HSBC, in the UK, contactless card transactions revealed that the volume of commercial card payments, both debit, and credit, increased by 24% during 2019 and 2020, while commercial credit card cash advances slumped by 14% during this period, signaling a decline in businesses’ use of 'petty cash, as corporates make the shift to corporate cards.
In addition to this, the global consumer inclination toward payment methods involving smartphones is increasing in the form of contactless payment methods at POS systems, owing to which card and financial service providers are either offering their card solutions on smartphones or via third-party vendors. For instance, Goldman Sachs issued an Apple Card, which can be used to purchase Apple devices.

Types of Products:

Fixed terminal
Mobile Terminal

Application spectrum:

Retail
Healthcare
Transportation
Sports & Entertainment
Other

Market Analysis:

POS terminals across the retail outlets and a preference for mobile wallets while checking out from physical stores are primary drivers for this segment. According to Blackhawk Network, the mobile wallet adoption is expected to create nearly USD 190 billion as the transactional value in the US by 2021
The evolution of mobile-based POS (mPOS) includes a card reader connected to a basic ePOS app running on a tablet or smartphone. Merchant onboarding is simple, and the service is delivered on a ‘pay-as-you-go model. The initial target being the micro-merchants has observed a quick adoption by large enterprises for its convenience, competitive pricing, and value to the business and adding new store concepts.

Regions and Countries Level Analysis:

Europe to Have Largest Share in the Contactless Payment Terminals Market
As per the National Association of German Cooperative Banks’ report, the number of digital payments increased by 35% in the first week of April 2020, as compared to December 2019. Mastercard International also reported that it had witnessed a dramatic increase in digital payments during the pandemic.
According to UK Finance, there were 1.6 billion debit and credit card transactions in the UK. Nearly a third of all card transactions in the UK were made using contactless cards. There were 642 million contactless card transactions, a 19.5 percent increase from 537 million a year earlier. Moreover, banks are integrating with mobile payment apps in the European region due to the increasing smartphone adoption. For instance, Apple is integrating with Monzo.

The report offers an in-depth assessment of the growth and other aspects of the Smart Payment Terminal market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Highlights of the report:

A complete backdrop analysis, which contains an assessment of the parent Smart Payment Terminal market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and expected size of the Smart Payment Terminal market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging position segments and regional Smart Payment Terminal market

An impartial assessment of the trajectory of the market

References to companies for strengthening their foothold in the market   

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Impact and Recovery Analysis of Covid-19:

Under COVID-19 outbreak internationally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status, enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2021-2027), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included.

Report customization:

Our innovative data mining technology allows us to provide our customers with exclusive and customized insights while maintaining accuracy and speed.

In all key aspects—regions, market segments, and competitive landscape levels—we personalize research data. Every time a report is purchased, we provide 40 hours of free custom analyst time.

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