Smart Terminals Market-Current Analysis by Market Share

Smart Terminals Market Synopsis

Global Smart Terminals Market Size Was Valued at USD 2.95 Billion in 2023 and is Projected to Reach USD 22.01 Billion by 2032, Growing at a CAGR of 25.02 % From 2024-2032

In the field of computer science, a smart terminal can mean a variety of things. In the early days of personal computers, the term "smart terminal" was used to designate auxiliary components that were compatible with a mainframe system.

• Since then, smart terminals have been able to do a variety of tasks, including enabling thin client capability compatible with an external server configuration. For instance, if a corporation designed a terminal to fit over a programmable logic controller or other control plane hardware component, and that component aided in communications, configuration, calibration, or any other function, the terminal could be deemed a smart terminal. Other intelligent terminals aid retail payment processing hardware configurations.
• The term "smart terminal" refers to a piece of auxiliary hardware that has been enhanced with functionality in some manner. The intuitive design of intelligent terminals makes training quick and simple.
• Clients are given the highest level of protection against data breaches and other cyberattacks due to the cloud-based nature of the necessary software. In the unlikely event that a breach does occur, the Customer's smart terminal should be resilient enough to minimize the effects of an interruption to company operations.

Smart Terminals Market Trend Analysis

Rising Demand for Mobile Commerce and M-Payment Solutions

• Many payment service providers are investing in their operations, resulting in intense rivalry in the consumer market. The payment app businesses, including Google Pay, Alipay, Amazon Pay, and others, are implementing new techniques in order to retain and acquire new clients. Google Pay, for instance, offers scratch-off cards carrying a specified amount that can be obtained through minor transactions. These initiatives help in maintaining client loyalty by allowing smartphone users to make payments.
• Increased use of m-commerce payments for online shopping and banking payments as a result of reduced transaction time and increased convenience is a key market driver. In addition, the rise in smartphone penetration and internet speed, the rise in customer desire for m-commerce payments, and the enormous adoption of this payment channel by retailers are boosting the expansion of the Smart Terminals Market
• In contrast, developing economies present considerable prospects for m-commerce payment companies to expand their offerings, due to reasons such as the growth of the middle class, fast urbanization, an increase in literacy, and an increase in the number of tech-savvy youth.
• Increasing technical advancement most of the population uses the M-Payment. Artificial intelligence (AI) is likely to boost the need for mobile payment solutions. Increasing demand for many open-source platforms and SaaS technology are a few other variables likely to drive the Smart Terminals Market demand.
• For instance, restaurants, bars, and food service providers rely on Smart Terminal systems to track sales, operations, products, and inventory, as well as inventory, products, and operations. Using cash registers, barcode scanners, and computers, the market concept incorporates gadgets and displays for online transactions. In addition, the increasing acceptance of Smart terminals, advancements in payment technology, the use of Europay, Mastercard, and Visa (EMV) cards, and the increasing adoption of the market in the e-commerce and retail sectors all contribute to the growth of the industry.

The Increasing Demand for Contactless and Cashless Payment

• Some significant benefits of implementing cashless payment that attract more consumers include safety, growth in saved monies in accounts, improved money management, and flexibility. The capacity to make different digital payments through banking cards enables users to opt for cashless payment mechanisms.
• Users can store their card details in digital payment apps or mobile wallets to record cashless payments. With the mounting concerns over the safety of handling cash transactions because to the COVID-19 epidemic, wholesalers and consumers are relying on contactless payment mechanisms to prevent the risk of getting infected. Consequently, larger companies worldwide have started investing in Terminal terminals to improve customer experience, creating significant growth opportunities for the Smart terminals industry.

Segmentation Analysis of the Smart Terminals Market

Smart Terminals market segments cover the Type and application. By Type, the Mobile Terminals segment is Anticipated to Dominate the Market Over the Forecast period.

• Despite the increasing popularity of cloud-based solutions, merchants continue to choose on-premise mobile terminal since it offers better security and dependability. The capacity to fully protect the financial data of clients has incited enterprises to migrate to these methods. The growing incidents of data breaches and cyberattacks will increase the demand for secure and comprehensive software connected to customer management and inventory control operations. This should positively affect the uptake of these solutions.
• Restaurants are gradually shifting to digitally equipped enterprises and improving ordering and processing operations with the aid of flexible and adaptable payment alternatives for maximum power usage and connectivity.
• The increased emphasis of businesses on enhancing the consumer experience. Due to the fact that check-out lines at markets and large retailers waste customers' time, Mobile Terminal solutions are becoming increasingly popular. So, buyers can complete the deal directly from the main product area of a store, paying digitally for the products and bypassing long lines. Companies are rapidly transitioning from conventional Terminal systems to tablet and smartphone terminals because these solutions increase customer happiness, which in turn increases brand trust and loyalty.

Regional Analysis of the Smart Terminals Market

Asia-Pacific is Expected to Dominate the Market Over the Forecast period.

• Asia-Pacific Region to Dominate the Market Over the Forecast period. The market for Smart terminals is anticipated to be dominated by Asia Pacific, followed by North America, Europe, Latin America, and the Middle East & Africa.
• Asia-Pacific is anticipated to have rapid expansion during the projection period. This region's strong growth is mostly driven by the presence of important point-of-sale terminal industry leaders. In addition, the growing modernization of the payment sector, the rise of e-commerce, virtual payment trends, and the increasing importance of small and medium-sized enterprises are expected to add to the region's rapid growth in the next years.
• Increase in government initiatives to establish centralized payment systems, increase in usage of smartphones, and surge in the launch of NFC-enabled debit and credit cards are boosting the market in the region.
• The fact that Asia-Pacific is at the top of technology adoption drives the growth of the market for wireless point-of-sale terminals. In addition, the prevalence of cashless transactions in numerous nations of the area is a factor that is driving the development of new business opportunities.
• In the Asia-Pacific region the below diagram shows most of the payments is done by card and wallet so the use of the smart terminal is increased.

Covid-19 Impact Analysis on Smart Terminals Market

• An increasing number of users are using mobile payment services such as Google Pay, Apple Pay, and others to avoid propagating the COVID-19 malware or as a safer payment method. This will result in an increase in demand for Terminal devices over the predicted period. In the future years, the software section of the Terminal industry will experience remarkable expansion. Major market participants are introducing Terminal applications. Consumers can use these applications to make purchases, as they simply require a TERMINAL application and a tablet or smartphone.
• The world economy was negatively harmed by the COVID-19 epidemic. Many nations implemented nationwide lockdowns and social distance standards, which badly impacted multiple industries, including the point-of-sale terminal. Uncertainty over the duration of the lockdowns made it Terminal for the leading market participants to forecast the market recovery for point-of-sale terminals. Due to the COVID-19 epidemic, a number of Terminal suppliers were under intense pressure on multiple fronts.
• However, economies are shifting their focus from pandemic response to economic recovery, and as a result, various growth opportunities are expected to emerge for the point-of-sale terminals market players due to the rising demand for seamless shopping experiences and the rising adoption of smart payment solutions. Yet, a number of companies are exerting significant efforts to move the market for point-of-sale terminals in the right direction. Municipal governments are also implementing a number of measures to minimize the harmful consequences of the COVID-19 outbreak.

Top Key Players Covered in the Smart Terminals Market

• Ingenico
• VeriFone Inc.
• PAX Global Technology Limited
• New TERMINAL Technology Limited
• Fujian Newland Payment Technology Co. Ltd.
• Clover Network Inc.
• Shopify Inc.
• Oracle Corporation
• Intuit Inc.
• NCR Corporation
• NEC Corporation
• Lightspeed Commerce, Inc.
• Block Inc.
• Toshiba Tec Corporation
• Toast Inc., and Other Major Players.

Key Industry Developments in the Smart Terminals Market

• In July 2024, Hapag-Lloyd announced the rebranding of its Terminal and Infrastructure division to Hanseatic Global Terminals. Based in Rotterdam, Hanseatic Global Terminals began operations in June 2023 as a fully owned but independent stand-alone business unit. The name was inspired by the historic Hanseatic League, an association of seafaring merchants in Northern Europe. Through this strategic rebranding, Hanseatic Global Terminals aimed to enhance operational efficiency and promote sustainable growth, benefiting customers and partners worldwide.
• In September 2023, French payment company Worldline, which collaborated with banks to deploy Point-of-Sale (PoS) terminals at merchant outlets for card payments, undertook a major shift in its business strategy in India. The company acquired its merchants as part of a broader strategy to compete with homegrown fintech startups such as Paytm, Pine Labs, Innoviti Payments, Mswipe, and Razorpay-backed Ezetap.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Smart Terminals Market by Type
 5.1 Smart Terminals Market Overview Snapshot and Growth Engine
 5.2 Smart Terminals Market Overview
 5.3 Fixed Terminals
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Fixed Terminals: Geographic Segmentation
 5.4 Wireless Terminals
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Wireless Terminals: Geographic Segmentation
 5.5 Mobile Terminals
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Mobile Terminals: Geographic Segmentation

Chapter 6: Smart Terminals Market by Application
 6.1 Smart Terminals Market Overview Snapshot and Growth Engine
 6.2 Smart Terminals Market Overview
 6.3 Financial Industry
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Financial Industry: Geographic Segmentation
 6.4 Automotive Industry
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Automotive Industry: Geographic Segmentation
 6.5 Logistics Industry
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Logistics Industry: Geographic Segmentation
 6.6 Retail Industry
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Retail Industry: Geographic Segmentation
 6.7 Manufacturing Industry
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Manufacturing Industry: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Smart Terminals Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Smart Terminals Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Smart Terminals Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 INGENICO
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 VERIFONE INC.
 7.4 PAX GLOBAL TECHNOLOGY LIMITED
 7.5 NEW TERMINAL TECHNOLOGY LIMITED
 7.6 FUJIAN NEWLAND PAYMENT TECHNOLOGY CO. LTD.
 7.7 CLOVER NETWORK INC.
 7.8 SHOPIFY INC.
 7.9 ORACLE CORPORATION
 7.10 INTUIT INC.
 7.11 NCR CORPORATION
 7.12 NEC CORPORATION
 7.13 LIGHTSPEED COMMERCE INC.
 7.14 BLOCK INC.
 7.15 TOSHIBA TEC CORPORATION
 7.16 TOAST INC
 7.17 OTHER MAJOR PLAYERS.

Chapter 8: Global Smart Terminals Market Analysis, Insights and Forecast, 2017-2032
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Fixed Terminals
  8.2.2 Wireless Terminals
  8.2.3 Mobile Terminals
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Financial Industry
  8.3.2 Automotive Industry
  8.3.3 Logistics Industry
  8.3.4 Retail Industry
  8.3.5 Manufacturing Industry

Chapter 9: North America Smart Terminals Market Analysis, Insights and Forecast, 2017-2032
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Fixed Terminals
  9.4.2 Wireless Terminals
  9.4.3 Mobile Terminals
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Financial Industry
  9.5.2 Automotive Industry
  9.5.3 Logistics Industry
  9.5.4 Retail Industry
  9.5.5 Manufacturing Industry
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Smart Terminals Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Fixed Terminals
  10.4.2 Wireless Terminals
  10.4.3 Mobile Terminals
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Financial Industry
  10.5.2 Automotive Industry
  10.5.3 Logistics Industry
  10.5.4 Retail Industry
  10.5.5 Manufacturing Industry
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Smart Terminals Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Fixed Terminals
  11.4.2 Wireless Terminals
  11.4.3 Mobile Terminals
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Financial Industry
  11.5.2 Automotive Industry
  11.5.3 Logistics Industry
  11.5.4 Retail Industry
  11.5.5 Manufacturing Industry
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Smart Terminals Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Fixed Terminals
  12.4.2 Wireless Terminals
  12.4.3 Mobile Terminals
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Financial Industry
  12.5.2 Automotive Industry
  12.5.3 Logistics Industry
  12.5.4 Retail Industry
  12.5.5 Manufacturing Industry
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Smart Terminals Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Fixed Terminals
  13.4.2 Wireless Terminals
  13.4.3 Mobile Terminals
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Financial Industry
  13.5.2 Automotive Industry
  13.5.3 Logistics Industry
  13.5.4 Retail Industry
  13.5.5 Manufacturing Industry
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion