The Outdoor Payment Terminal Market is expected to see significant growth in the upcoming years owing to EMV norms and shift from PoS devices to outdoor payment terminals due to its convenience and contactless payment mode. The rising adoption of technologies such as machine learning and artificial intelligence (AI) for faster financial transactions at fuel stations, coupled with benefits such as lesser transaction time and ease of convenience offered by outdoor payment terminals (OPTs), is propelling the market growth. Work-from-home culture & the demand for e-commerce have increased the market growth of the OPT market during the pandemic. The adoption of outdoor payment terminal is showing an upward movement and expected to penetrate among consumers and rise as a prospective payment method. The Outdoor Payment Terminal Market in Canada is segmented on the basis of total installed base and will grow at a CAGR of 4.1% over the period 2021-2025F.
Canada Outdoor Payment Terminal y-o-y Installation and Adoption Rate
Year-On-Year
Installation of Outdoor Payment Terminals: The year-on-year installation of outdoor payment terminals are expected
to increase due to the convenience and easy to use interface with profitability
for both EV charging stations and fuel stations.
Adoption
rate for Outdoor Payment Terminals (Consumer Behavior in %): The outdoor payments terminals are high in
adoption among consumers both in fuel stations and convenience stores.
Assessing
the Growth in PCT and EV Charging Payment Terminal Market Future Outlook and Projections
Outdoor payment terminal market
will be affected by number of fuelling stations and EV charging stations in the
near future. In future, EVs can be in the reach of the common people,
Infrastructure and anxiety of charging EVs will also evolve leading to the
comparatively low demand of fuel stations. Over the near term, number of
fueling station EV charging station are expected to grow at a CAGR of 1.4% and
14.8% respectively over the period 2021 to 2025F.
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Competition
Landscape in Canada Outdoor Payment Terminal Market
The competition for outdoor payment terminal market was observed to be
moderately concentrated in Canada. Gilbarco Veeder-Root is the market leader in
the Outdoor Payment Terminal Market whereas Gilbarco Veeder-Root and Wayne
Fueling System contributed major market share on the basis of OPT installed
base in Canada Outdoor Payment Terminal Market. Other market players in Outdoor
Payment Terminal Market in Canada are Verifone, Ingenico, Invenco and more
Companies in Outdoor Payment Terminal Market in Canada are competing based on
Product Features, Product Range, Company Capabilities, Sales Model, Business
Model, Product Advantage and Security.
Key Target
Audience
- Outdoor Payment Terminal Providers
- Outdoor Payment Terminal Distributors
- Payment Processing Companies
- Payment Switch Companies
- Fueling Stations
- Convenience Stores
- EV Charging Stations
- Research organizations and consulting
companies
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
OPT Terminal
Key Topics
Covered in the Report
- Canada Outdoor Payment Terminal Market
Overview
- Competitive Landscape in Canada Outdoor Payment Terminal Market
- Supply Side Ecosystem of Canada Outdoor
Payment Terminal Market
- Demand Side Canada Outdoor Payment Terminal
Market
- Snapshot on Canada EV Station Market
- Snapshot of Canada Fuel Stations Market
- Value Chain Analysis OPT Payment Terminal
Manufacturing Industry in Canada
- Enablers and Growth Drivers in Canada Outdoor
Payment Terminal Market
- Major Challenges and Bottlenecks in Canada
Outdoor Payment Terminal Market
- Entry Barriers in Canada Outdoor Payment
Terminal Market
- Regulatory Framework Canada Outdoor Payment
Terminal Market
- End User Analysis of Canada Outdoor Payment
Terminal Market
- Market Share of Major OPT Providers in Canada
Outdoor Payment Terminal Market
- Detailed Analysis on Canada Outdoor Payment
Terminal Market (Market Size of Total Sales of OPTs on the basis of
installed base, 2021-2025F; Adoption Rate of OPTs on the basis of Consumer
Behavior, 2021-2025F, Assessing the Growth in PCR and EV Charging
Stations, 2020-2025F)
- Long Term Outlook for Canada Outdoor Payment
Terminal Market
Related
Reports
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Ankur
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