June 2022 | USA News
Push towards EMV Compliance: EMV chip technology can store far more information than magnetic stripe credit cards as it allows these credit cards to hold encrypted data and helps to protect against in-store payment fraud. EMV compliance is effective and major credit card companies requested most merchants do so by October 1, 2015. EMV technology allows customers to pay securely via their smartphones and smart devices using NFC radio wave technology with compatible EMV readers.
Government Regulations Payment Terminal USA
Shift from Traditional OPT Terminals to Sustainable and Reliable OPTs: The modern OPTs solves the end user-POS machine pain points. New OPTs systems are designed to maximize the service uptime of the terminals, reduce maintenance, and increase the serviceability of the terminals, providing continuous and uninterrupted operation 24/7. These systems also withstand various harsh outdoor environmental climate conditions and fluctuations such as temperature, water and dust resistance, and anti-corrosion.
Increase in Cashless Transactions: Cashless payments with mobile phones allows customers to download an app, scan a QR code, and then provide fingerprints or face scans (depending on the type of payment). This innovation has made it easier for people to re-fuel the cars through OPT machines in an instantaneous manner. Cashless and Contactless technology that replaces conventional credit card payment, facilitating that can help build stronger customer relationships and attract new business to forecourt is expected to drive the demand of OPTs in US.
The report “USA Outdoor Payment Terminal Market Outlook to 2025F – Driven By Driven by Emerging Technologies like AI and ML for Faster Transactions and Government Support towards Digital Economy” by Ken Research provides a comprehensive analysis of the potential of Outdoor Payment Terminal Industry in USA. The report also covers overview and genesis of the industry, market size in terms of installed base of OPTs; Adoption rate of OPTs on the basis of consumer behavior; growth enablers and drivers, challenges and bottlenecks, Industry disruption technologies; regulatory framework; product comparison of different OPT brands, market shares of major OPT providers on the basis of installed base of OPTs. The report concludes with long term outlook assessing the market growth along with growth of Petroleum and Convenience Retail Stores and EV Charging Stations in the country.
Key Segments Covered
USA Outdoor Payment Market Sizing Analysis:
- By Total Sales of installed base of OPTs, 2021-2025F
- By Y-o-Y Sales of installed base of OPTs, 2021-2025F
- By Adoption Rate of OPTs on the basis of Consumer Behavior, 2021-2025F
- Assessing the Growth in Petroleum Convenience Stores, 2020-2025F
- Assessing the Growth in EV Charging Stations, 2020-2025F
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Key Target Audience
- Outdoor Payment Terminal Providers
- Outdoor Payment Terminal Distributors
- Payment Processing Companies
- Payment Switch Companies
- Fueling Stations
- Convenience Stores
- EV Charging Stations
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to OPT Terminal
Time Period Captured in the Report:
- Base Year: 2021
- Forecast Period: 2021– 2025F
Companies Covered:
- Gilbarco Veeder-Root
- Wayne Fueling System
- NCR Corporation
- Invenco
- IDTECH
Key Topics Covered in the Report
- Competitive Landscape in USA Outdoor Payment Terminal Market
- USA Outdoor Payment Terminal Market Overview
- Supply Side Ecosystem of USA Outdoor Payment Terminal Market
- Demand Side USA Outdoor Payment Terminal Market
- Snapshot on USA EV Station Market
- Snapshot of USA Fuel Stations Market
- Value Chain Analysis OPT Payment Terminal Manufacturing Industry in USA
- Enablers and Growth Drivers in USA Outdoor Payment Terminal Market
- Major Challenges and Bottlenecks in USA Outdoor Payment Terminal Market
- Entry Barriers in USA Outdoor Payment Terminal Market
- Regulatory Framework USA Outdoor Payment Terminal Market
- End User Analysis of USA Outdoor Payment Terminal Market
- Market Share of Major OPT Providers in USA Outdoor Payment Terminal Market
- OPTs on the basis of installed base, 2021-2025F;
- Adoption Rate of OPTs
- Long Term Outlook for USA Outdoor Payment Terminal Market
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Ankur Gupta, Head Marketing & Communications
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