Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market was valued at USD 25.5 Billion in 2022 and is projected to reach USD 39.2 Billion by 2030, growing at a CAGR of 6.68% from 2024 to 2030.
Throughout this period, several trends were evident in the EFTPOS terminal market. Manufacturers focused on enhancing the user experience by introducing terminals with improved functionality and security features. Innovations like touchless payment capabilities, biometric authentication, and seamless integration with point-of-sale software became standard in the devices, offering a more secure and convenient payment experience. Additionally, the rise in e-commerce further drove the demand for these terminals as businesses looked to expand their payment options to cater to tech-savvy consumers. The market saw a mix of growth across different regions, with North America and Europe leading in market share due to their early adoption of digital payment systems. However, regions like Asia-Pacific also experienced significant growth, with emerging markets like India and China rapidly embracing digital payment solutions, contributing to the growth of the EFTPOS terminal industry.
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The Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market from 2018 to 2022 demonstrated a consistent upward trajectory, driven by the growing need for efficient, secure, and quick payment methods across various industries. The demand for EFTPOS terminals soared as businesses sought advanced systems to handle debit and credit card payments, spurred by the global digital transformation and increased consumer spending. The proliferation of small and medium-sized businesses adopting digital payment solutions played a key role in this growth. Meanwhile, advancements in mobile payment technologies and the increasing shift toward contactless transactions further accelerated the demand for EFTPOS systems.
Atos Worldline
Equinox Payments LLC
First Data Corporation
Fujitsu Limited
VeriFone (Formerly Hypercom)
Ingenico
Dejavoo
Exadigm
XAC Automation Corp.
Panasonic
PAX
Smartpay
NCR
Olivetti
VeriFone Systems
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market
Retail
Hospitality & Healthcare System
Restaurants
Entertainment
Warehousing
Other
Based on Types the Market is categorized into Below types that held the largest Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market share In 2023.
Counter-Top Terminals
Mobile Terminals
Inbuilt Terminals
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market, By Type
6. Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market, By Application
7. Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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