Report ID: UCMIG40A2010
Report ID:
UCMIG40A2010 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
According to market research, the global outdoor payment terminal market reached a value of USD 1.4 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030. This growth can be attributed to factors such as the increasing adoption of contactless payment solutions, the rise in outdoor retail and unattended payment systems, and the growing demand for secure and convenient payment options. The projected CAGR signifies the market's potential for substantial expansion over the forecast period, driven by advancements in payment technology, changing consumer preferences, and the need for efficient and secure payment processing in various outdoor environments.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Diversified Banks by segment aggregation, the contribution of the Diversified Banks in Banks and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG40A2010