Canada Outdoor Payment Terminal (OPT) Market Competition 2022

The Outdoor Payment Terminal Market is expected to see significant growth in the upcoming years owing to EMV norms and shift from PoS devices to outdoor payment terminals due to its convenience and contactless payment mode. The rising adoption of technologies such as machine learning and artificial intelligence (AI) for faster financial transactions at fuel stations, coupled with benefits such as lesser transaction time and ease of convenience offered by outdoor payment terminals (OPTs), is propelling the market growth. Work-from-home culture & the demand for e-commerce have increased the market growth of the OPT market during the pandemic. The adoption of outdoor payment terminal is showing an upward movement and expected to penetrate among consumers and rise as a prospective payment method. The Outdoor Payment Terminal Market in Canada is segmented on the basis of total installed base and will grow at a CAGR of 4.1% over the period 2021-2025F.

Canada Outdoor Payment Terminal y-o-y 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. In future, EVs can be in the reach of the common people, Infrastructure and anxiety of charging EVs will also evolve leading to the comparatively low demand of fuel stations. Over the near term, number of fueling station EV charging station are expected to grow at a CAGR of 1.4% and 14.8% respectively over the period 2021 to 2025F.

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Competition Landscape in Canada Outdoor Payment Terminal Market

The competition for outdoor payment terminal market was observed to be moderately concentrated in Canada. Gilbarco Veeder-Root is the market leader in the Outdoor Payment Terminal Market whereas Gilbarco Veeder-Root and Wayne Fueling System contributed major market share on the basis of OPT installed base in Canada Outdoor Payment Terminal Market. Other market players in Outdoor Payment Terminal Market in Canada are Verifone, Ingenico, Invenco and more Companies in Outdoor Payment Terminal Market in Canada 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

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

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

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