Smart Payment Terminals Market Size

Smart Payment Terminals Market size is assessed at USD 60.7 billion in 2024 and is set to cross USD 255.3 billion by the end of 2037, witnessing more than 12.7% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of smart payment terminals is estimated at USD 68.4 billion.

Factors driving the market growth are contactless payment methods and consumer preference for speed and convenience which accelerates the demand for advanced payment terminals. Moreover, the ease of mobile wallets and contactless capabilities through NFC in smart payment terminals, along with regulation towards cashless transactions and increased development efforts around the customer experience in retail drives the market growth. Several interconnected factors have accounted for high growth in the smart payment terminals market there is an unprecedented increase in demand for digital payments wherein consumers invariably prefer ease and time savings over all other considerations compelling businesses to upgrade the payment infrastructure.

The growth in e-commerce, coupled with mobile payments creates demands for flexible solutions that allow for multiple transaction types. The technology used inside the terminal, contactless payments, and software integration increase its functionality, making it an attractive investment by retailers and thus it attracts investors. As well, the market will experience growth due to secure means of payment acquisition as the world provides more stringent emphasis on security and cybersecurity. All these factors are significant to bring revolution into the smart payment terminals market to move at a steady pace. For instance, the Seamless North Africa 2024 exhibition in New Cairo saw FEITIAN Technologies wrap up a successful showcase of its payment products and solutions among these were the F360, the first-round payment terminal with tap-on glass, EMV support on Android OS 13, and various modular accessories that make it ideal for small retailers and merchants.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the smart payment terminals market was over USD 60.7 billion.

The market size of the smart payment terminals market is projected to cross USD 255.3 billion by the end of 2037 expanding at a CAGR of 12.7% during the forecast period i.e., between 2025-2037.

The major players in the market are PAX Global Technology, Clover Network, Diebold Nixdorf, Newland Payment, First Data, New POS Technology, and others.

Based on connectivity, the wireless segment is expected to dominate in the forecast period with a share of 51.3% offering lucrative growth opportunities.

The market in North America is growing opportunistically with a notable share of 37.1% owing to advanced payment infrastructure and a surge in e-commerce activities.

Smart Payment Terminals Market Size