Scope of the Study
The card payment terminal, also called Point of Sale (POS) terminal, credit card terminal, or EFTPOS terminal. It is a device which interfaces with payment cards to make electronic funds transfers. The terminal comprises of a secure keypad to enter a PIN, a screen, a means of capturing information from payments cards and a network connection for accessing the payment network for authorisation. The card payment terminal allows the merchant to capture the card information of the user and transmit the data to the merchant service provider or a bank.
The market study is being classified by Type (Counter top Card Machines, Portable Card Machines and Mobile Card Machines) and major geographies with country level break-up.
Square Terminal (United States), KVSIO (China), Gilbarco Veeder-Root (United States), NCR (United States), Scheidt & Bachmann (Germany), Tokheim (United Kingdom), Quest Payment Systems (Australia), Verifone (United States), Invenco Group (New Zealand) and Unixfor S.A. (Greece) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Orpak Systems (Israel) and HTEC Ltd (United Kingdom).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Card Payment Terminal market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Card Payment Terminal market by Type, Application and Region.
On the basis of geography, the market of Card Payment Terminal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand of Contact less and Cashless Payments
- Increasing Need of Keeping Track of Inventory
- Technological Advancements have Compelled the Users to Adopt Point-of-Sale Terminals
- Increasing Data Security Concerns May Hamper the Market
- Stringent Government Regulations
- Increasing Usage of Smartphones as the Portable POS System
- Rising Investments in End to End Encryption Technology
- Need for Extensive Government Certifications
Market Leaders and their expansionary development strategies
On December 2019, NCR which develops consumer transaction technologies for the retail, financial, travel, hospitality, telecom, and technology industries has acquired Zynstra
On October 2018, Square has launched all in one payment device which combines NFC, credit/debit card swiping, and chip-based payments all in one piece of hardware.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organisations and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase