The Outdoor Payment Terminal Market is predicted to grow significantly in the next years as a result of increased payment infrastructure penetration, EMV standards, and transition from POS devices to outdoor payment terminals due to their simplicity and contactless payment mode.
A growing adoption of technologies such ML and AI coupled with conveniences to the customers such as shorter transaction times and ease of use are driving the growth of outdoor payment terminals market. In midst of the pandemic, the work-from-home culture and e-commerce have contributed to the growth of the OPT market. The use of outdoor payment terminals is on the rise and is anticipated to gather momentum among customers and become a viable payment alternative. The Outdoor Payment Terminal Market in New Zealand is segmented on the basis of total installed base and will grow at a CAGR of ~% over the period 2021-2025F.
New Zealand Outdoor Payment Terminal Installation and Adoption Rate
Year-On-Year Installation of Outdoor Payment Terminals: The year-on-year installation of outdoor payment terminals are expected to increase due to the convenience and easy to use interface with profitability for both EV charging stations and fuel stations.
Adoption rate for Outdoor Payment Terminals (Consumer Behavior in %): The outdoor payments terminals are high in adoption among consumers both in fuel stations and convenience stores.
Assessing the Growth in PCT and EV Charging Payment Terminal Market Future Outlook and Projections
Outdoor payment terminal market will be affected by number of fuelling stations and EV charging stations in the near future. Infrastructure and concerns about charging EVs will also change, rendering fuel stations less in demand in the future when EVs are more affordable for the public at large. Over the near term, number of fueling station EV charging station are expected to grow at a CAGR of ~% and ~% respectively over the period 2021 to 2025F.
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Competition Landscape in New Zealand Outdoor payment terminal Market
The competition for outdoor payment terminal market was observed to be moderately concentrated in New Zealand. Gilbarco Veeder-Root is the market leader in the Outdoor Payment Terminal Market whereas Gilbarco Veeder-Root and Ingenico contributed major market share on the basis of OPT installed base in New Zealand Outdoor Payment Terminal Market. Other market players in Outdoor Payment Terminal Market in New Zealand are NCR, Invenco, Compac and more. Companies in Outdoor Payment Terminal Market in New Zealand are competing based on Product Features, Product Range, Company Capabilities, Sales Model, Business Model, Product Advantage and Security.
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
Key Topics Covered in the Report
- New Zealand Outdoor Payment Terminal Market Growth Strategy
- Supply Side Ecosystem of New Zealand Outdoor Payment Terminal Market
- Demand Side New Zealand Outdoor Payment Terminal Market
- Snapshot on New Zealand EV Station Market
- Snapshot of New Zealand Fuel Stations Market
- Value Chain Analysis OPT Payment Terminal Manufacturing Industry in New Zealand
- Enablers and Growth Drivers in New Zealand Outdoor Payment Terminal Market
- Major Challenges and Bottlenecks in New Zealand Outdoor Payment Terminal Market
- Entry Barriers in New Zealand Outdoor Payment Terminal Market
- Regulatory Framework New Zealand Outdoor Payment Terminal Market
- End User Analysis of New Zealand Outdoor Payment Terminal Market
- Competitive Landscape in New Zealand Outdoor Payment Terminal Market
- Market Share of Major OPT Providers in New Zealand Outdoor Payment Terminal Market
- Detailed Analysis on New Zealand Outdoor Payment Terminal Market (Market Size of Total Sales of OPTs on the basis of installed base, 2021-2025F; Adoption Rate of OPTs on the basis of Consumer Behavior, 2021-2025F, Assessing the Growth in PCR and EV Charging Stations, 2020-2025F)
- Long Term Outlook for New Zealand Outdoor Payment Terminal Market
Ankur Gupta, Head Marketing & Communications