Payment Terminal Market Size 2021 CAGR Status, Share, Growth Prospects, Type, Manufacturers, Segments, Development Trends with Covid-19 Impact till 2027 -VeriFone, IDTech, Infinite-Peripherals, Ingenico, MagTek

The Payment Terminal Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Payment Terminal Market Size is Projected to Reach at a CAGR of 26% during 2021-2027.

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Top Leading Companies:

VeriFone, IDTech, Infinite-Peripherals, Ingenico, MagTek, VeriFone, RoverCash, National Data Corporation, MSG Payment Systems, Worldline, BNA Smart Payment Systems, Shenzhen ZCS Technology, PAX Technology, EDPS, SPECTRA Technologies

Recent Development:

Verifone has made 2Checkout (Sep 2020), ZIVELO (Sep 2019), AJB Software Design (Jan 2016)  acquisitions and 1 investment. The company has spent over $ 1.38B on the acquisitions. Verifone has invested in multiple sectors such as Payments, In-Store Retail Tech, Road Transport Tech and more.
Emeritus, a global company that makes high-quality education accessible and affordable to individuals, companies and governments worldwide, announced a definitive agreement to acquire Silicon Valley-based iD Tech, for $200 million. iD Tech focuses on youth STEM education. The acquisition, which is being made through Emeritus’ parent company Eruditus, marks Emeritus’ expansion into K12 STEM education. The company grows to prepare individuals of all ages to succeed in the workforce and positions Emeritus as one of the largest and fastest-growing skilling platforms. iD Tech will operate independently, maintaining its team of instructors and employees.
MagTek, a global leader in retail electronic payments and security
technology, announced today a partnership with close, Inc. a custom designer and manufacturer of
Point of Sale (POS) protective enclosures and mounting solutions that house and protect tablets and
mobile credit card, readers. HP, a leader in point-of-sale solutions, worked with close, to create a
revolutionary credit card attachment module enabling EMV payments at the Point of Sale on the HP
Engage One Prime Android terminals for retail, hospitality, health care, restaurants and more.
This credit card attachment module by HP, close and MagTek, allows parties to accept card
payments in any vertical.

Payment Terminal Market Segmentation by Type:

Handheld Terminals
Countertop Terminals

Payment Terminal Market Segmentation by Application:

Store
Restaurant
Others

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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 per cent 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.
Further, The use of wearable devices for payments is continuing to take off in Europe, as consumers quickly and easily integrate this relatively new payment method into their daily lives. For example, a wearable device, a ring, bracelet, or smartwatch, has Near-field Communication (NFC) capabilities. There exists ‘passive’ and ‘active’ wearables. With a passive wearable, like a ring, the transaction can be approved by entering a PIN code on the payment terminal (just like with a plastic card). With active wearables, like a smartwatch, the PIN can be entered on the wearable itself, and payment can be completed with a single tap.

Regional Payment Terminal Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Payment Terminal Market Report:

Detailed overview of Payment Terminal Market
Changing the Payment Terminal market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Payment Terminal market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Payment Terminal Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Payment Terminal Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Payment Terminal industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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