Global Unattended Terminals Market, By Application (Refuel, Carwash, Malls and Others), By Type (Contact-based, and Contactless) - Industry Trends and Forecast to 2031.
Unattended Terminals Market Analysis and Size
Outdoor payment terminals enhance transaction processes' security, effectiveness, and flexibility. The use of outdoor payment terminals also improves customer service, boosts service availability around the clock, and lowers operating expenses by removing the requirement for staff to handle transactions. Reducing maintenance, improving terminal serviceability, and maximizing the terminals' service uptime are some of the major factors driving the growth of the market.
Data Bridge Market Research analyzes that the global unattended terminals market is expected to reach USD 2,712.08 million by 2031, from USD 1,371.13 million in 2023, and is expected to undergo a CAGR of 8.9% during the forecast period of 2024 to 2031. “Contact-based” dominates the type segment of the market due to demand from growing markets. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Refuel, Carwash, Malls and Others), By Type (Contact-based, and Contactless)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Apple, Inc. (U.S.), NCR Corporation (U.S.), Temenos AG (Switzerland), VeriFone Holdings, Inc. (Francisco Partners) (U.S.), Capgemini SE (France), Scheidt & Bachmann GmbH (Germany), Finastra Group Holdings Limited (Vista Equity Partners) (U.K.), Dover Fueling Solutions (Dover Corporation) (U.S.), Invenco Group Ltd. (New Zealand), Gilbarco, Inc. (Fortive Corporation) (U.S.)
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Market Opportunities
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Market Definition
Outdoor payment terminals, or OPTS, are unattended payment terminals that offer quick and secure self-service transaction choices to customers using contactless or contact payment methods. Outdoor payment terminals enable customers to benefit from services and pay effortlessly without the need for additional workers in end-user businesses that see significant daily transaction volumes, such as gas stations.
Global Unattended Terminals Market Dynamics
Drivers
- Increasing Penetration Of Smartphones All Over The World
Smartphones are a basic necessity for people across the world in the modern era. A majority of people own a smartphone as it allows them to manage a lot of their work as well as personal routines. Due to the rising popularity of smartphones, manufacturers and key market players are increasing their efforts in order to introduce new and more efficient smartphones at affordable rates. By adding a layer of authentication to payment portals to secure information, users have increased customer trust.
Opportunity
- Accelerates The Checkout Process
In the modern era, in which people are living very hectic and busy schedules, vendors and business owners are compelled to respond as quickly as they can. This entails promptly securing a sale. Vendors must not make their customers wait inordinately long to make a purchase. They might then determine they do not actually require the product. This is particularly problematic if a brick-and-mortar store frequently experiences lengthy or slowly moving lineups. By using a wireless credit card processing terminal, this issue can be simply addressed.
Restraint/Challenge
- High Deployment And Maintenance Cost
One of the major stumbling blocks in the demand for outdoor payment terminals is the considerable deployment and maintenance cost of this machine. When choosing cutting-edge technology, like outdoor payment terminals (OTP), debit cards, UPI, and online banking, the cost is a crucial factor. Outdoor payment terminals are made with high precision along with advanced technologies. Applications with high security are often expensive. In contrast to online banking and cash-based transactions, PoS Terminal machines have very high initial costs as well as ongoing maintenance costs.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In June 2022, Finastra launched an embedded consumer lending solution. With this launch, the company aimed to enable consumers to access conventional regulated lending options at point-of-sale. In addition, this partnership is expected to also offer more options to consumers along with a substitute to the Buy Now Pay Later approach
- In May 2022, Finastra partnered with Mindtree, a digital transformation and technology services company. Following this partnership, Finastra is expected to integrate its Fusion Payments To Go payments technology into banks across Ireland and the UK to enable them to access Fusion Payments To Go solutions that can be operated on Mindtree's cloud
Global Unattended Terminals Market Scope
The unattended terminals market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Refuel
- Carwash
- Malls
- Others
Type
- Contact-Based
- Contactless
Global Unattended Terminals Market Region Analysis/Insights
The unattended terminals market is analyzed and market size insights and trends are provided by region, type and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of the Middle East and Africa
North America is expected to dominate the market due to North America being home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in Unattended Terminals circuits.
Asia-Pacific is expected to be the fastest-growing region in the market due to the Asia-Pacific region has large and rapidly growing population, along with a significant increase in industrial manufacturing. This drives the demand for warehouses, which can benefit from the use of Unattended Terminals.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Unattended Terminals Market Share Analysis
The unattended terminals market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the unattended terminals market.
Some of the major players operating in the unattended terminals market are:
- Apple, Inc. (U.S.)
- NCR Corporation (U.S.)
- Temenos AG (Switzerland)
- VeriFone Holdings, Inc. (Francisco Partners) (U.S.)
- Capgemini SE (France)
- Scheidt & Bachmann GmbH (Germany)
- Finastra Group Holdings Limited (Vista Equity Partners) (U.K.)
- Dover Fueling Solutions (Dover Corporation) (U.S.)
- Invenco Group Ltd. (New Zealand)
- Gilbarco, Inc. (Fortive Corporation) (U.S.)
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