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Growing adoption of contactless payments and rapid adoption of EMVs

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  • Growing adoption of contactless payments and rapid adoption of EMVs

    USA Outdoor Payment Terminal Market Growth Strategy

    Outdoor Payment Terminal Market Pipeline: Major Outdoor payment terminals operators are exploring the market, players like NCR Corporation, Gilbarco Veeder-Root, Invenco Group will focus on adopting growth strategies such as partnerships, mergers & acquisitions, and new product development to further expand their global market presence.

    Government Initiatives toward EV Infrastructure: The government of the USA is focusing on carbon free economy. USA has increased its efforts to adopt electric vehicles and was one of the earliest countries to promoted electric vehicles. , Government will be able to make the citizens aware towards the cleaner energy with proper EV charging infrastructure being setup in the country by 2025 and will fuel the demand outdoor payment terminals for contact less payments and convenience.

    Increase in Adoption of OPT among Consumers: The adoption outdoor payment terminals among consumers will rise due to the accelerated growth in consumers' preference for contactless payments, consumers become accustomed to a more convenient method of payment post pandemic which will drive the OPT installations at Fuel and EV charging stations in USA.

    The report "USA Outdoor Payment Terminal Market Outlook to 2025F – Driven By Driven by Emerging Technologies like AI and ML for Faster Transactions and Government Support towards Digital Economy" by Ken Research provides a comprehensive analysis of the potential of Outdoor Payment Terminal Industry in USA. The report also covers overview and genesis of the industry, market size in terms of installed base of OPTs; Adoption rate of OPTs on the basis of consumer behavior; growth enablers and drivers, challenges and bottlenecks, Industry disruption technologies; regulatory framework; product comparison of different OPT brands, market shares of major OPT providers on the basis of installed base of OPTs. The report concludes with long term outlook assessing the market growth along with growth of Petroleum and Convenience Retail Stores and EV Charging Stations in the country.
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