PUBLISHER: The Business Research Company | PRODUCT CODE: 1823041
PUBLISHER: The Business Research Company | PRODUCT CODE: 1823041
Outdoor payment terminals are electronic devices installed in outdoor settings-such as fuel stations or parking lots-that enable secure, self-service payment transactions. These terminals are built to endure harsh weather conditions and support multiple payment methods, including contactless, card, and mobile payments.
The primary types of outdoor payment terminals include contactless payment terminals, mobile payment terminals, card payment terminals, self-service kiosks, and integrated payment terminals. Contactless payment terminals allow secure and quick transactions without physical contact, using technologies such as near field communication (NFC) or radio frequency identification (RFID) to process payments from cards, smartphones, or wearable devices. These terminals comprise hardware, software, and services featuring technologies such as contactless payment methods, NFC, quick response (QR) code payments, Europay, Mastercard, and Visa chip card solutions, as well as Bluetooth payment systems. They are distributed through various channels, including online sales, direct sales, third-party distributors, value-added resellers, and retail partnerships. These terminals are widely utilized across sectors such as retail, transportation, hospitality, entertainment, and healthcare.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.
The outdoor payment terminals market research report is one of a series of new reports from The Business Research Company that provides outdoor payment terminals market statistics, including outdoor payment terminals industry global market size, regional shares, competitors with an outdoor payment terminals market share, detailed outdoor payment terminals market segments, market trends and opportunities, and any further data you may need to thrive in the outdoor payment terminals industry. This outdoor payment terminals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The outdoor payment terminals (OPT) market size has grown rapidly in recent years. It will grow from $2.64 billion in 2024 to $2.99 billion in 2025 at a compound annual growth rate (CAGR) of 13.3%. The growth during the historic period can be attributed to the increasing demand for contactless payment options, a rise in the number of fuel stations and convenience stores, growing consumer preference for self-service technologies, increased adoption of card-based transactions, and heightened awareness of secure payment methods.
The outdoor payment terminals (OPT) market size is expected to see rapid growth in the next few years. It will grow to $4.87 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. The projected growth in the forecast period is driven by the ongoing shift toward cashless economies, the rising need for secure outdoor transaction solutions, growing demand for real-time transaction data, greater focus on outdoor automation, and increasing preference for omnichannel payment systems. Key trends expected in this period include technological advancements in near-field communication and quick response (QR) code payment systems, innovations in biometric payment authentication, investments in AI-based fraud detection, developments in Internet of Things (IoT)-enabled terminal systems, and innovations in cloud-based terminal management systems.
The growing demand for contactless payment solutions is expected to drive the expansion of the outdoor payment terminals market. Contactless payment solutions enable secure and fast transactions without physical contact, typically using radio frequency identification (RFID) or near field communication (NFC) through cards, smartphones, or wearable devices. This demand is increasing due to the need for faster, safer, and more convenient transactions that improve customer experience while minimizing physical contact. Outdoor payment terminals facilitate seamless contactless payments by offering secure, quick, and convenient transaction options in open-air settings such as fuel stations, parking lots, and drive-thrust. For example, a report published by UK Finance Limited, a UK-based trade association, revealed that in 2023, 42% of adults were registered for mobile payments-up from 30% in 2022-with 98% of those registered making payments and 82% doing so monthly. Overall, 34% of the population used mobile contactless payments monthly. Therefore, the rising demand for contactless payment solutions is propelling growth in the outdoor payment terminals market.
Key players in the outdoor payment terminals market are focusing on developing innovative technologies such as contactless and Europay, Mastercard, and Visa (EMV)-compliant systems to enhance transaction speed, security, and user convenience. These advanced payment technologies enable secure tap-and-go transactions via RFID or NFC, while meeting global chip card security standards. For instance, in October 2023, Invenco Group Ltd., a US-based retail technology firm, launched the FlexPay 6 product line, featuring models such as the FlexPay 6 M1-15, A2-09, and A1-05. These outdoor payment terminals are specifically designed for integration with fuel dispensers and comply with PCI 6 and the latest EMV contactless standards. They offer native cloud connectivity and built-in 2D barcode scanners that support contactless payments by default. The FlexPay 6 series provides both modular and all-in-one configurations, equipped with high-resolution touchscreens, integrated printers, multimedia features, and support for various payment methods including NFC, mobile wallets, loyalty cards, and QR codes. These features enhance consumer engagement while lowering overall ownership costs.
In October 2022, Vontier Corporation, a US-based industrial technology company, acquired Invenco Group Ltd for an undisclosed sum. This acquisition allows Vontier to strengthen its presence within the mobility ecosystem by expanding its digital payment capabilities, accelerating software-driven growth, and increasing recurring revenue through Invenco's cloud-based retail solutions. Invenco Group Ltd specializes in manufacturing outdoor payment terminals designed specifically for fuel dispensers and pay-at-pump systems.
Major players in the outdoor payment terminals market are Gilbarco Inc., Alvic Group, Hanindo Group, International Display Technology Inc., Printec Group S.A., NEOTEC Systems And Services Pvt. Ltd, Quest Payment Systems Pty Ltd., Technotrade Ltd., Petrotek LLC, Cammax Limited, Wevo Energy Ltd, KEiteq Direct Sdn. Bhd, Rapid POS, Smart Fuel Pass Ltd., TSG Solutions UK Limited, Madic Technologies Limited., Cloudics, SmartPetro Inc., TDD Group, and Vendotek LLC.
North America was the largest region in the outdoor payment terminals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in outdoor payment terminals report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the outdoor payment terminals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The outdoor payment terminals market consists of revenues earned by entities by providing services such as installation and integration services, software and firmware upgrades, remote monitoring and management, maintenance and technical support, and transaction processing and payment gateway services. The market value includes the value of related goods sold by the service provider or included within the service offering. The outdoor payment terminals market also includes sales of fuel dispenser payment terminals, parking payment terminals, drive-thru payment terminals, public transit ticketing terminals, and electric vehicle charging payment terminals. Values in this market are 'factory gate' values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Outdoor Payment Terminals Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on outdoor payment terminals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for outdoor payment terminals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The outdoor payment terminals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.