Smart Terminals Market Insights 2023: Future Growth Potentials, Industry Revenue, and Business Demand Forecast by 2030 – Introspective Market Research
Research Reports
Jun 21, 2023
Market Overview:
The Smart Terminals Market Is Expected to Grow at A Significant Growth Rate, And the Forecast Period Is 2023-2030, Considering the Base Year As 2022.
In the field of computer science, the term “smart terminal” can have various meanings. Initially, during the early days of personal computers, it referred to auxiliary components that were compatible with mainframe systems. Over time, smart terminals have evolved to perform a range of tasks. They can enable thin client capabilities, allowing compatibility with external server configurations. For example, a corporation may develop a terminal to integrate with programmable logic controllers or other control plane hardware, enhancing communication, configuration, calibration, or other functions. Additionally, intelligent terminals can assist in retail payment processing hardware setups. A smart terminal is essentially auxiliary hardware that has been enhanced with additional functionality. These intelligent terminals are designed to be user-friendly, enabling quick and easy training. Furthermore, the cloud-based nature of the required software ensures clients receive robust protection against data breaches and other cyberattacks. In the rare event of a breach, the smart terminal should possess the resilience to minimize disruptions to company operations.
Who Is The Largest Manufacturers Of Smart Terminals Market Worldwide?
- Ingenico (France)
- VeriFone Inc. (US)
- PAX Global Technology Limited (Hong Kong)
- New TERMINAL Technology Limited (China)
- Fujian Newland Payment Technology Co. Ltd. (China)
- Clover Network Inc. (US)
- Shopify Inc. (Canada)
- Oracle Corporation (US)
- Intuit Inc. (US)
- NCR Corporation (US)
- NEC Corporation (Japan)
- Lightspeed Commerce Inc. (Canada)
- Block Inc. (US)
- Toshiba Tec Corporation (Japan)
- Toast Inc. (US), and Other Major Players
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Market Dynamics and Factors:
The increasing demand for mobile commerce and m-payment solutions is a significant driver for the smart terminals market. With the growing popularity of smartphones and tablets, consumers are increasingly relying on mobile devices for their shopping and payment needs. Mobile commerce offers convenience, allowing users to make purchases anytime and anywhere. To support this trend, smart terminals are equipped with features that enable seamless mobile payment processing, providing businesses with the ability to accept payments through mobile wallets, banking apps, and contactless technologies. The convenience and ease of use offered by smart terminals in facilitating mobile payments contribute to the rising demand in the market.
The increasing demand for contactless and cashless payment methods presents a significant opportunity for the payment industry. Contactless payments, such as tap-to-pay transactions using cards, mobile wallets, or wearable devices, have gained popularity due to their convenience, speed, and enhanced hygiene benefits. Cashless payments, on the other hand, involve digital transactions without the need for physical currency. The shift towards contactless and cashless payments is driven by factors like changing consumer preferences, technological advancements, and the ongoing digital transformation of the payment ecosystem.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Key Industry Development:
In May 2022, Lavu, a major global restaurant software and payments solution provider built by restaurant people, and Verifone, a global FinTech leader and payment solution provider to the world’s best-known brands, announced a new cross-distribution partnership that will seamlessly integrate Lavu’s all-in-one restaurant software suite with Verifone’s FLEX payment solution, including its Advanced Payment Methods platform, benefiting Lavu and Verifone customers.
In June 2022, Ingenico Group, the global leader in seamless payments, announced that it has successfully launched in Taiwan its latest AECR C9 Android solution into major local retail stores such as Far Eastern Department Stores, the only publicly listed department store chain in Taiwan, and Q Square Fashion Plaza (Jing-Jan) near Taipei station.
Smart Terminals Market Report Highlight:
- By Type, the Mobile Terminals segment holds a larger market share of the Smart Terminals Market, due to the increasing adoption of mobile commerce and the convenience of conducting transactions through smartphones and tablets.
- By Application, the Retail Industry segment is estimated to develop the fastest, due to the widespread adoption of smart terminals for payment processing and transaction management in retail stores.
- The Asia-Pacific region is expected to have the highest share of the Smart Terminals market over the projected period, due to the rapid adoption of mobile commerce, increasing smartphone penetration, and the presence of prominent players in the region.
Central to our report are the company profiles and competitive analysis, providing insights into market players’ overview, market roles, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Smart Terminals Market.
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What Are The Types Of Smart Terminals Available In The Market?
- Fixed Terminals
- Wireless Terminals
- Mobile Terminals
What Are The Applications Of Smart Terminals Available In The Market?
- Financial Industry
- Automotive Industry
- Logistics Industry
- Retail Industry
- Manufacturing Industry
Which Regions Are Leading The Smart Terminals Market?
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the Smart Terminals market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Smart Terminals industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Smart Terminals market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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