The growth in the EFTPOS terminal market is driven by several factors. The increasing penetration of smartphones and the widespread adoption of mobile payment technologies have significantly expanded the market for mPOS solutions, facilitating seamless transactions and improving the overall customer experience. The rise in online and contactless payments, a trend that has been accelerated by the COVID-19 pandemic, has further spurred the demand for terminals equipped with NFC (Near Field Communication) technology. Moreover, the integration of advanced security features, such as tokenization and end-to-end encryption, is essential in mitigating fraud risks and fostering greater consumer trust. Regulatory support and incentives for digital transactions in many countries also play a crucial role, encouraging businesses to adopt modern payment solutions. Furthermore, the growing trend of omnichannel retailing, which aims to integrate online and offline shopping experiences, is pushing retailers to upgrade their payment infrastructure, thereby driving the adoption of advanced EFTPOS terminals. This confluence of technological advancements, consumer behavior shifts, and supportive regulatory frameworks underscores the dynamic growth trajectory of the EFTPOS terminal market.
Regional Analysis
Gain insights into the U.S. market, estimated at 14.8 Million Units in 2023, and China, forecasted to grow at an impressive 11.3% CAGR to reach 23.3 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Diebold Nixdorf, Inc., First Data Corporation, Fujitsu Frontech Limited, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 133 Featured):
- Diebold Nixdorf, Inc.
- First Data Corporation
- Fujitsu Frontech Limited
- Keycorp Pty Limited
- NCR Corporation
- Olivetti S.p.A.
- Oracle Hospitality
- PAX Technology Limited
- Smartpay Ltd
- Spire Payments UK
- VeriFone Systems, Inc.
- Worldline
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Diebold Nixdorf, Inc.
- First Data Corporation
- Fujitsu Frontech Limited
- Keycorp Pty Limited
- NCR Corporation
- Olivetti S.p.A.
- Oracle Hospitality
- PAX Technology Limited
- Smartpay Ltd
- Spire Payments UK
- VeriFone Systems, Inc.
- Worldline
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 239 |
Published | October 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value in 2023 | 56.6 Million Units |
Forecasted Market Value by 2030 | 94.7 Million Units |
Compound Annual Growth Rate | 7.6% |
Regions Covered | Global |