Customers embracing digitization approach and rapid adoption of EMVs with alternative payment methods will drive the Outdoor Payment Terminal Market

June 2022 | Canada News

• The rising adoption of technologies such as?AI, IOT and ML for faster transactions at fuel stations, coupled with benefits such as ease of convenience offered by OPT will drive the market growth.
• Over 80% of Canadian retailers and other merchants offer their customers an EMV-certified payment option for their debit and credit transactions.
• New entrants are partnering with other companies to enhance their offerings and improve customer experience will give major boost to the market.

Canada Outdoor Payment Terminal Market Growth Strategy

Rising Adoption of New Technologies: Ground breaking technology such as artificial intelligence (AI), internet of things (IoT) and digital platforms will continue to open up completely new possibilities, enabling entirely new approaches to paying. Increasing adoption of contactless or near-field communications (NFC) technology for credit card payment and next gen payment options in RFID and smartphone devices that support mobile-pay applications through digital scanners are expected to revolutionize the payment solutions in coming years.

Outdoor Payment Terminal Market Pipeline: Major Outdoor payment terminals operators are exploring the market, players like Gilbarco Veeder-Root, Wayne Fueling System, Verifone and more will focus on adopting growth strategies such as partnerships, mergers & acquisitions, and new product development to further expand their global market presence.

Government Initiatives toward EV Infrastructure: In the transition to zero-emission, the Government of Canada has set federal targets for zero-emission vehicles to reach 10% of annual light vehicle sales by 2025, 30% by 2030 and 100% by 2040; approving $9 Bn worth of investment. With clean fuel infrastructure policies and competitive tax policies, Canada is expected to see rise in fuel stations across the country over the few years in future.

The report “Canada Outdoor Payment Terminal Market Outlook to 2025F – Driven by Rising Tech Adoption and Next Generation Payments along with Government Support” by Ken Research provides a comprehensive analysis of the potential of Outdoor Payment Terminal Industry in Canada. 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 growth in Petroleum and Convenience Retail and EV Charging Stations.?

Key Segments Covered

Canada 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

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

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Time Period Captured in the Report:

• Base Year: 2021
• Forecast Period: 2021– 2025F

Companies Covered:

OPT Providers

• Gilbarco Veeder-Root
• Wayne Fueling System
• Verifone
• Ingenico
• Invenco

Key Topics Covered in the Report

• Canada Outdoor Payment Terminal Market Overview
• Challenges Outdoor Payment Terminal Market
• Supply Side Ecosystem of Canada Outdoor Payment Terminal Market
• Demand Side Canada Outdoor Payment Terminal Market
• Snapshot on Canada EV Station Market
• Snapshot of Canada Fuel Stations Market
• Value Chain Analysis OPT Payment Terminal Manufacturing Industry in Canada
• Enablers and Growth Drivers in Canada Outdoor Payment Terminal Market
• Major Challenges and Bottlenecks in Canada Outdoor Payment Terminal Market
• Entry Barriers in Canada Outdoor Payment Terminal Market
• Regulatory Framework Canada Outdoor Payment Terminal Market
• End User Analysis of Canada Outdoor Payment Terminal Market
• Competitive Landscape in Canada Outdoor Payment Terminal Market
• Market Share of Major OPT Providers in Canada Outdoor Payment Terminal Market
• Detailed Analysis on Canada 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 Canada Outdoor Payment Terminal Market

Related Reports

Global Outdoor Payment Terminal (OPT) Market 2019 By Manufacturers, Regions, Type And Application, Forecast To 2024

Global Virtual Payment (POS) Terminals Market 2019 By Company, Regions, Type And Application, Forecast To 2024

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