Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Outdoor Payment Terminal Market size is expected to reach $2.1 billion by 2028, rising at a market growth of 8.9% CAGR during the forecast period.
The Refuel segment acquired maximum revenue share in the Global Outdoor Payment Terminal Market by Application in 2021 thereby, achieving a market value of $646.9 Million by 2028. As customers have access to flexible payment options with security requirements, which decrease station traffic and make it easier for vendors to control it, smart fueling is growing in popularity.
The Contactless segment has shown the growth rate of 9.7% during (2022 - 2028). Customers can check out more quickly and easily due to the contactless payment terminal, which also helps businesses run more efficiently by eliminating the need for customers to carry cash. Additionally, by leveraging these services, businesses are able to grow their customer base and generate more cash through advertising.
The North America market dominated the Global Outdoor Payment Terminal Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $763 Million by 2028. The Asia Pacific market is exhibiting a CAGR of 9.5% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 8.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apple, Inc., NCR Corporation, Temenos AG, VeriFone Holdings, Inc. (Francisco Partners), Capgemini SE, Scheidt & Bachmann GmbH, Finastra Group Holdings Limited (Vista Equity Partners), Dover Fueling Solutions (Dover Corporation), Invenco Group Ltd., and Gilbarco, Inc. (Fortive Corporation).
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