Outdoor Payment Terminals (OPT) are self-service payment machines that are typically used to pay for parking, public transport, or tolls in outdoor locations. These systems may also be used to pay for small purchases such as groceries, snack items, and beverages. OPTs are often preferred over traditional payment systems for their convenience and ability to accept multiple payment types. They are typically built to withstand harsh outdoor conditions and reduce physical contact, making them ideal for contactless payment options.
This growth is attributed to the rising usage of smartphone applications as well as cloud-based services that make payment processing easier and more efficient. Also, the growing adoption of contactless payment terminals and the increasing need for convenience are driving the growth of the market. Additionally, the emergence of the Internet of Things (IoT) and artificial intelligence (AI) are further expected to contribute to the growth of the market.
The global Outdoor Payment Terminal (OPT) market was valued at US$ 876.6 million in 2022 and is anticipated to reach US$ 1453.3 million by 2029, witnessing a CAGR of 7.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Outdoor Payment Terminal (OPT) Market available at: https://www.themarketreports.com/report/global-outdoor-payment-terminal-opt-market-research-report
This report aims to provide a comprehensive presentation of the global market for Outdoor Payment Terminal (OPT), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Outdoor Payment Terminal (OPT).
The industry is relatively concentration, the key brand include NCR, Tokheim, Gilbarco, Veeder-Root, Invenco Group, Verifone, Scheidt & Bachmann, KVSIO, Unixfor S.A., Quest Payment Systems, Orpak Systems(Gilbarco) and so on. Among them, NCR, Tokheim, Gilbarco, Veeder-Root and Invenco Group are the leaders of Ticket Printers market, occupying 44% revenue market share.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1409635
Release by:
Shirish Gupta
Marketing Manager
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email:sales@themarketreports.com