Adoption of new technologies, next generation payment solutions and high number of investments are driving the Outdoor Terminal Market in Canada: Ken Research

June 2022 | Canada News

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.

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 since 14 October 2020 where all merchants must be EMV chip-enabled, with the exception of unattended cardholder-activated terminals (UCAT) merchants. UCAT merchants will required to be EMV-enabled by 14 October 2022. EMV technology allows customers to pay securely via their smartphones and smart devices using NFC radio wave technology with compatible EMV readers.

Canada Outdoor Payment Terminal Market Competitive Landscape

Promising Government Initiatives: Government of Canada is making it easier and more affordable for Canadians across the country to drive zero-emission vehicles (ZEVs). The Government of Canada is making investments to support the transformation towards electrification, including $295 Mn to the Ford Motor Company of Canada’s $1.8 Bn project to build electric vehicles at its Oakville Assembly Complex. Public Services and Procurement Canada (PSPC) and greening government operations will lead the increase in procurement of electrical fleet vehicles installation of EV Charging Stations This will generate the development of more EV Charging Stations, hence, OPTs at these stations.

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

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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:

OPT Providers

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

Key Topics Covered in the Report

  • Canada Outdoor Payment Terminal Market Overview
  • Competitive Landscape in Canada 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
  • 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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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249

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