Increased Adoption of Contactless and NFC Payments Fuels Growth

USA Outdoor Payment Terminal market is growing at a steady rate over the past few years, supported by increase in population in the country along with the rising popularity of electric vehicles and government initiatives such as carbon free economy and EMV compliance law. 

Increasing adoption of contactless or near-field communications (NFC) technology for credit card payment along with groundbreaking technologies such as artificial intelligence (AI), internet of things (IoT) and other digital platforms are opening new possibilities in the market.

USA Outdoor Payment Terminal market is moderately concentrated market with Gilbarco Veeder-Root and Wayne Fueling System as the market leaders owing to the high market share on the basis of installed base of OPTs; followed by other OPT providers such as NCR corporation, IDTECH and Invenco in the market.

Advanced retrofit POS system, 5G-enabled devices and other new payment modes are expected to drive the USA Outdoor Payment Terminal market in near future.