About Smart Terminals
Smart Terminals are the credit card terminals with a modern technology. This terminals are used to process the transactions and allow merchants to manage their business efficiently. This smart terminals are also known as a credit card terminals or point of sale machines. Smart terminals allows merchants to process debit cards and credit cards transactions electronically. Smart terminals allow merchants to swipe, insert, or manually enter credit card data for fast and convenient checkouts. Some terminals has a faster tap and pay options. These smart terminals are basically Bluetooth, Wi-Fi and Cellular network based to process the payments. Smart Terminals can be handled anywhere so the customers can use cards to make purchase in anywhere. From the customer’s perspective, tapping their card on a smart terminal is infinitely easier and more secure than carrying around cash for every purchase. From the merchant’s perspective, smart terminals are a safer and more efficient way to capture credit card details than manually recording them.
|Unit||Value (USD Million)|
The market for Smart Terminals is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Terminals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ingenico (France), Clover (United States), PAX Technology (China), Adyen (Netherlands), Poynt (United States), Elavon (United States), New POS Technology (China), Verifone (United States), Block (United States) and Pine Labs (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Quickbooks (United States), Vanstone Electronics (China), Paymentexperts (Canada) and Castles Technology (Taiwan).
AMA Research has segmented the market of Global Smart Terminals market by Type (Retail Terminals, Portable Terminals, Biometric Terminals, Android ECR POS and Other), Application (Online UPI Transactions, Credit and Debit Card Transactions, Nearfield Communication (NFC) and Other) and Region.
On the basis of geography, the market of Smart Terminals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Category, the sub-segment i.e. Portable will boost the Smart Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Smart Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Android will boost the Smart Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Small and Medium Sized Enterprises (SMEs) will boost the Smart Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Innovation of Wi-Fi based wireless and Touchscreen Smart Terminals and Innovation of New Wireless Sensors for Smart Terminals
Market Growth Drivers:
Rising Demand in Online Payment Options, Rising Demand in Cashless Transactions while Purchasing, Surge in Demand of Secure Payment Methods and Rising Demand in Malls, Showrooms and other Enterprises
Limited Knowledge about online, cashless transactions among Consumers, Low Penetration in Rural Regions, Poor Internet Connections for Payment Transactions and Limited Battery Power Associated with Smart Terminals
Transactions Charges Associated with Online Payment Method, Security Issues Associated with Smart Terminals and Difficulties in Making Transactions without Internet Connections
Rapid Growth in Digitalization and Ecommerce and Rapidly Growing Business and Corporate Sectors
Market Leaders and their expansionary development strategies
On, 24 March 2022 BharatPe, one of India’s fastest-growing Fintech companies and Ingenico, a Worldline brand, today announced a five-year strategic partnership that will help fuel the adoption of POS devices in India. As a part of the partnership, Ingenico will roll out 100,000 of its Axium range of Android Smart POS and PPaaS (Ingenico’s Payments Platform as a Service) to BharatPe’s merchant network in India over the next 12 months.
On 14 April 2021, PAX Technology, the world's leading payment terminal solutions provider, and NetPay Merchant Services, a UK-based payment services and technology provider, are delighted to release the PAX family of Android payment terminals to their UK merchant customers and value-added partners. and On 4 January 2022, Adyen, the global payments platform of choice for many of the world’s leading companies, today announced the launch of mobile Android point of sale (POS) terminals in the EU, UK, and the United States. The devices represent a fundamental change in the role of the payment terminal, functioning as an all-in-one solution, eliminating the need for separate cash registers, barcode scanners, and customer facing displays.
Key Target AudienceSmart Terminals Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.