EFTPOS (Electronic Funds Transfer Point of Sale) terminals

Dublin, August 12, 2024 (GLOBE NEWSWIRE) — The report “Electronic Funds Transfer Point of Sale (EFTPOS) Terminals – Global Strategic Business Report” has been added to The Offer.

The global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market is estimated to be worth 56.6 million units in 2023 and is expected to reach 94.7 million units by 2030, growing at a CAGR of 7.6% between 2023 and 2030. This comprehensive report offers a detailed analysis of market trends, drivers, and forecasts to help you make informed business decisions.

Growth in the EFTPOS terminal market is driven by several factors. The increasing penetration of smartphones and the widespread adoption of mobile payment technologies have significantly expanded the market for mPOS solutions, enabling seamless transactions and improving the overall customer experience. The rise of online and contactless payments, a trend accelerated by the COVID-19 pandemic, has further boosted demand for terminals with Near Field Communication (NFC) technology.

In addition, the integration of advanced security features such as tokenization and end-to-end encryption is essential to reduce fraud risks and increase consumer trust. Regulatory support and incentives for digital transactions also play a crucial role in many countries and encourage companies to adopt modern payment solutions.

In addition, the growing trend of omnichannel retail, which aims to integrate online and offline shopping experiences, is pushing retailers to improve their payment infrastructure, which is driving the adoption of modern EFTPOS terminals. This confluence of technological advancements, changing consumer behavior and supportive regulatory frameworks underscores the dynamic growth curve of the EFTPOS terminal market.

Regional analysis

Gain insights into the US market, estimated to reach 14.8 million units in 2023, and China, which is forecast to grow at an impressive 11.3% CAGR to reach 23.3 million units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
• Company Profiles: Coverage of major players such as Diebold Nixdorf, Inc., First Data Corporation, Fujitsu Frontech Limited and more.
• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Main features:

MARKET OVERVIEW

• Insights into the influencer market
• Global economic update
• Electronic Funds Transfer Point of Sale (EFTPOS) Terminals – Percentage Market Share of Major Competitors Worldwide in 2024 (E)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Increasing use of contactless payments drives market growth
• Rise in mobile payment technologies drives demand for mPOS solutions
• Government initiatives to promote digital payments expand market opportunities
• Improved security features in EFTPOS terminals strengthen the economic viability of the introduction
• Increasing smartphone adoption drives growth in the mPOS market
• Integration of modern software applications promotes the introduction of multifunctional EFTPOS terminals
• The development of EMV chip technology puts security at the centre
• Growing e-commerce sector ensures continued demand for advanced payment solutions
• Increased focus on reducing cash dependency leads to demand for digital payment terminals
• Advances in NFC technology are driving the market for contactless payment solutions
• Introduction of biometric authentication in EFTPOS terminals increases security
• Trend towards omnichannel retail increases demand for integrated payment solutions
• Use of mobile POS systems strengthens the business model of small companies
• Switching to decentralized payment systems expands the addressable market
• Increasing investment in smart retail technologies promotes the adoption of EFTPOS terminals
• Introduction of cloud-based POS systems drives the market for EFTPOS solutions
• Growing popularity of loyalty programs and customer analytics drives adoption of enhanced EFTPOS features
• The emergence of blockchain technology in payments sheds light on future trends
• Integrating AI and machine learning into payment systems strengthens the business model for EFTPOS terminals

Focus on selected players (Total 133 presented)

• Diebold Nixdorf, Inc.
• First data company
• Fujitsu Frontech Limited
• Keycorp Pty Limited
• NCR Corporation
• Olivetti S.p.A.
• Oracle Hospitality
• PAX Technology Limited
• Smartpay GmbH
• Spire Payments UK
• VeriFone Systems, Inc.
• Worldline

For more information about this report visit https://www.researchandmarkets.com/r/y03rcn

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• Global Electronic Funds Transfer Point-of-Sale (EFTPOS) Terminals Market