Home > Media & Technology > Next Generation Technologies > Fintech > Smart Payment Terminals Market

Smart Payment Terminals Market Share

Report ID: GMI10339
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Smart Payment Terminals Market Share

Verifone and Ingenico hold a significant share in the market. Key players like Ingenico, Verifone, and Square dominate the market with robust portfolios that cater to diverse business needs, from small retailers to large enterprises. These companies leverage their extensive distribution networks and brand recognition to maintain a competitive edge, continuously enhancing their product offerings with features such as enhanced security protocols, advanced data analytics, and integration with emerging technologies like AI and IoT.

Emerging players are challenging incumbents by introducing innovative solutions tailored to specific niches or underserved markets. Companies like PAX Technology and Clover are gaining traction by offering cost-effective, customizable, and user-friendly devices that appeal to small and medium-sized enterprises. Additionally, the competitive dynamics are influenced by the increasing adoption of contactless payments and mobile wallets, prompting all market participants to innovate rapidly.

Smart Payment Terminals Market Companies

Major players operating in the smart payment terminals industry are:

Verifone
Ingenico
PAX Global Technology
Square (Block, Inc.)
Clover Network
NCR Corporation
Diebold Nixdorf

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of smart payment terminals reached USD 53.83 billion in 2023 and is set to register a CAGR of over 12.5% between 2024 and 2032, led by the increasing adoption of digital payment technologies, the rise in contactless transactions, and advancements in payment security.

The fixed/countertop terminals segment accounted for the market share of over 32% in 2023, due to their reliability and widespread adoption in traditional retail environments, allowing high-volume transactions, providing businesses with stable and secure payment processing solutions.

North America held the largest market share of over 33% in 2023, driven by the region's advanced technological infrastructure and high consumer adoption of digital payment solutions.

Verifone, Ingenico, PAX Global Technology, Square (Block, Inc.), Clover Network, NCR Corporation, and Diebold Nixdorf.