Customer adoption of digitization strategy, rapid adoption of EMV as well as alternative payment options will drive outdoor payment terminal market in New Zealand: Ken Research

  • The increasing use of technologies such as AI, IOT and ML for faster transactions at gas stations, as well as benefits such as the ease of convenience offered by OPT, will fuel the expansion of industry.
  • The application of outdoor payment terminals is mainly for fuel retail sites and electric vehicle charging stations, but with the adoption of technology, the application for adjacent services will drive future growth.
  • New entrants teaming up with other companies to improve their offerings and improve the customer experience will give a major boost to the market.

GURUGRAM, India, July 27, 2022 /PRNewswire/ —

New Zealand Outdoor Payment Terminals Market Research Report

Growing adoption of new technologies: Breakthrough technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and digital platforms will continue to open up entirely new possibilities, enabling entirely new payment approaches. Growing adoption of contactless or near-field communications (NFC technology) for credit card payment and next generation payment options in RFID devices and smartphones supporting mobile payment applications via digital scanners are expected to revolutionize payment solutions in the coming years.

Outdoor Payment Terminals Market Pipeline: Major outdoor payment terminal operators are exploring the market, players like Gilbarco Veeder-Root, Ingenico, Invenco and many more will focus on adopting growth strategies such as partnerships, mergers and acquisitions and development new products to further expand their presence in the global market.

Government initiatives supporting electric vehicle infrastructure: As part of the transition to zero emissions, the government of New Zealand set federal goals for zero emission vehicles reach 35% of annual new vehicle sales by 2025; and 100% by 2050. New Zealand is ideally positioned to take advantage of electric cars since more than 80% of electricity is generated from renewable sources and there is sufficient supply to support widespread adoption of electric vehicles. With clean fuel infrastructure policies and competitive tax policies, New Zealand is expected to see an increase in gas stations across the country over the next few years.

The report “New Zealand Outdoor Payment Terminal Market Outlook to 2025 F – Driven by Growing Penetration of Electric Vehicle Charging Infrastructure and Growing OPT Adoption among Consumers” by Ken Research provides a comprehensive analysis of the outdoor payment terminal industry potential in New Zealand. The report also covers industry overview and genesis, market size in terms of installed base of OPT; OPT adoption rate based on consumer behavior; catalysts and drivers of growth, challenges and bottlenecks, industry disruptive technologies; regulatory framework; comparison of products of different brands of OPT, market shares of major OPT vendors based on the installed base of OPT. The report concludes with a long-term outlook assessing the growth of retail petroleum and convenience products and electric vehicle charging stations.

Key Segments Covered:-

New Zealand Outbound Payments Market Size Analysis:

  • By Total Installed Base Sales of OPT, 2021-2025F
  • By OPT Installed Base Annual Sales, 2021-2025F
  • By OPT adoption rate based on consumer behavior, 2021-2025F
  • Petroleum Convenience Store Growth Assessment, 2020-2025F
  • Electric Vehicle Charging Station Growth Assessment, 2020-2025F

Key Target Audience:-

  • External payment terminal providers
  • Distributors of outdoor payment terminals
  • Payment processing companies
  • Payment switching companies
  • Gas stations
  • convenience stores
  • EV charging stations
  • Research organizations and consulting firms
  • Government bodies such as regulators and policy makers
  • Organizations, forums and alliances related to OPT Terminal

Free Sample Report Request @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ0

Time period entered in the report: –

  • Year of reference : 2021
  • Forecast period: 2021– 2025E

Companies covered: –

OPT Providers

  • Gilbarco Veeder-Racine
  • Ingenico
  • NCR
  • Invenco
  • Compact

Main topics covered in the report:-

  • New Zealand outdoor payment terminal market overview
  • Competition in the outdoor payment terminal market in New Zealand
  • Demand Side New Zealand Outdoor Payment Terminal Market
  • New Zealand EV station market overview
  • Overview of the New Zealand petrol station market
  • OPT Value Chain Analysis Payment Terminal Manufacturing Industry in New Zealand
  • Catalysts and Drivers of Growth in New Zealand outdoor payment terminals market
  • Main challenges and bottlenecks New Zealand outdoor payment terminals market
  • Barriers to entry into New Zealand outdoor payment terminals market
  • Regulatory framework Outdoor payment terminal market in New Zealand
  • End User Analysis of New Zealand Outdoor Payment Terminal Market
  • Competitive landscape in New Zealand outdoor payment terminals market
  • Market share of major OPT vendors in New Zealand outdoor payment terminals market
  • Detailed Analysis of New Zealand Outdoor Payment Terminals Market (Total OPT Sales Market Size Based on Installed Base, 2021-2025F; OPT Adoption Rate Based on Consumer Behavior, 2021 -2025F, Growth Assessment of PCR and EV Charging Stations, 2020-2025F)
  • Long-term outlook for the outdoor payment terminal market in New Zealand

For more information check out this link:-

New Zealand outdoor payment terminal market

Related reports: –

UNITED STATES Outdoor Payment Terminals Market Outlook to 2025F – Driven by Emerging Technologies Like AI and ML for Faster Transactions and Government Support for Digital Economy

UNITED STATES The market for outdoor payment terminals has been growing at a steady rate over the past few years, supported by the increase in population in the country as well as the growing popularity of electric vehicles and government initiatives such as carbon-free economy and the EMV Compliance Act. The growing adoption of contactless or near-field communication (NFC) technology for credit card payment, along with disruptive technologies such as artificial intelligence (AI), Internet of Things (IoT) and other digital platforms are opening up new possibilities in the market.

UNITED STATES The outdoor payment terminal market is a moderately concentrated market with Gilbarco Veeder-Root and Wayne Fueling System as market leaders due to high market share based on OPT’s installed base; followed by other OPT vendors such as NCR corporation, IDTECH and Invenco in the market. Modernization advanced POS system, 5G-enabled devices and other new payment methods are expected to drive the UNITED STATES Outdoor payment terminal market in the near future.

Canada Outdoor Payment Terminals Market Outlook to 2025F – Driven by Growing Technology Adoption and Next Generation Payments along with Government Support

The Canadian market for outdoor payment terminals has been growing steadily over the past few years, supported by the increase in population in the country as well as the growing popularity of electric vehicles and government initiatives such as zero-emission vehicles and the EMV compliance law. The growing adoption of contactless or near-field communication (NFC) technology for credit card payment, along with disruptive technologies such as artificial intelligence (AI), Internet of Things (IoT) and other digital platforms are opening up new possibilities in the market.

The Canadian outdoor payment terminal market is a moderately concentrated market with Gilbarco Veeder-Root and Wayne Fueling System as market leaders due to high market share based on OPT installed base; followed by other OPT vendors such as Verifone, Ingenico and Invenco in the market. The advanced modernization POS system, 5G-enabled devices and other new payment methods are expected to drive the Canadian outdoor payment terminal market in the near future.

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