Dublin, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The "Electronic Funds Transfer Point of Sale (EFTPOS) Terminals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electronic Funds Transfer Point of Sale (EFTPOS) Terminals is estimated at 56.6 Million Units in 2023 and is projected to reach 94.7 Million Units by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 239 |
| 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 |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Electronic Funds Transfer Point of Sale (EFTPOS) Terminals - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increased Adoption of Contactless Payments Drives Market Growth
- Surge in Mobile Payment Technologies Propels Demand for mPOS Solutions
- Government Initiatives Promoting Digital Payments Expand Addressable Market Opportunity
- Enhanced Security Features in EFTPOS Terminals Strengthen Business Case for Adoption
- Rising Penetration of Smartphones Spurs Growth in mPOS Market
- Integration of Advanced Software Applications Drives Adoption of Multifunctional EFTPOS Terminals
- Evolution of EMV Chip Technology Throws the Spotlight on Enhanced Security
- Growing E-commerce Sector Sustains Demand for Advanced Payment Solutions
- Increased Focus on Reducing Cash Dependency Generates Demand for Digital Payment Terminals
- Advancements in NFC Technology Propel Market for Contactless Payment Solutions
- Adoption of Biometric Authentication in EFTPOS Terminals Enhances Security
- Trend Towards Omnichannel Retailing Drives Need for Integrated Payment Solutions
- Deployment of Mobile POS Systems Strengthens Business Case for Small Businesses
- Shift Towards Decentralized Payment Systems Expands Addressable Market
- Increasing Investments in Smart Retail Technologies Drive Adoption of EFTPOS Terminals
- Adoption of Cloud-Based POS Systems Propels Market for EFTPOS Solutions
- Growing Popularity of Loyalty Programs and Customer Analytics Drives Adoption of Advanced EFTPOS Features
- Emergence of Blockchain Technology in Payments Throws the Spotlight on Future Trends
- Integration of AI and Machine Learning in Payment Systems Strengthens Business Case for EFTPOS Terminals
FOCUS ON SELECT PLAYERS (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
For more information about this report visit https://www.researchandmarkets.com/r/y03rcn
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