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Unattended Terminals Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Unattended Terminals Market
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According to The Business Research Company's, The unattended terminals market size has grown rapidly in recent years. It will grow from $1.44 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the expansion of e-commerce growth, increasing smartphone integration, rising demand for contactless payments, rise in data analytics, and growth in the healthcare industry.
The unattended terminals market size is expected to see rapid growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growth in the retail industry, rise in smart cities, rise in digital payments, growing shift towards consumer convenience, and acceleration of the checkout process. Major trends in the forecast period include the adoption of contactless payments, growth in AI-powered customer interaction, rising mobile app integration, multi-language support, rising smart city technology.
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Market Drivers and Trends:
The increasing penetration of smartphones is expected to propel the growth of the unattended terminal market going forward. Smartphones are advanced mobile devices that combine cellular phone capability with computer-like functions, providing users with a wide range of features in a portable form. The demand is increasing due to several factors, such as innovations in smartphone technology, connectivity, multifunctionality, and affordability. Smartphones serve as digital wallets for secure mobile payments at unattended terminals. Mobile apps enable users to find nearby terminals, check product availability, and initiate transactions remotely, enhancing accessibility and the user experience significantly. For instance, in February 2024, according to "UK mobile phone statistics 2022" by Uswitch Limited, a UK-based price comparison service and switching website, there were 71.8 million mobile connections in the UK, which was a 3.8% increase from 2021. The UK population is expected to reach 68.3 million by 2025, with 95% owning a smartphone. Therefore, the increasing penetration of smartphones is expected to propel the growth of the unattended terminal market going forward.
Major companies operating in the unattended terminal market are focused on developing innovative unattended modular configurations to enhance security and provide a seamless payment experience for customers. Unattended Modular Configuration is a self-modular payment terminal system developed for easy and secure integration of cashless payments into self-service enterprises and provides a simple consumer experience through an easy-to-use interface. For instance, in January 2021, Ingenico, a France-based merchant services technology company, launched the world's first PCI-certified self-modular POS. This modular configuration includes two highly ruggedized modules designed to resist hard settings for outdoor and intensive use. Its proprietary technologies make it easier for integrators to deploy them and improve user ergonomics. It is based on the strong TETRA OS and operates in the same environment as previous Self Series solutions, making it easy to integrate into any existing kiosk due to its compact size and versatile twin module configuration.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Zebra Technologies Corp., Worldline S.A., Euronet Worldwide Inc., Advantech Co. Ltd., ACI Worldwide, Adyen, Gilbarco Inc., Ingenico, PAX Technology, Fujian Newland Payment Technology Co. Ltd., VeriFone Inc., Castles Technology, SZZT Electronics Co. Ltd., Nayax, Scheidt & Bachmann GmbH, Invenco Group Ltd., BBPOS Limited, Payter, Unattended Card Payments Inc., Paralan Corporation, PayRange Inc., Electronic Cash Systems
Unattended Terminals Market 2024 Key Insights:
• The unattended terminals market size is expected to see rapid growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Smartphone Penetration Driving Growth In The Unattended Terminal Market
• Innovative Modular Configurations Enhance Unattended Terminals
• North America was the largest region in the unattended terminals market in 2023
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