| Product Code: ETC6891830 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of contactless payment terminals in Cyprus saw continued growth in 2024, with top exporting countries being Greece, China, Netherlands, Czechia, and Hong Kong. Despite a decrease in the Herfindahl-Hirschman Index (HHI) concentration from very high to high in 2024, the market remained competitive. The impressive compound annual growth rate (CAGR) of 9.45% from 2020 to 2024 indicates sustained expansion. The growth rate of 2.38% from 2023 to 2024 demonstrates a steady upward trajectory in the demand for contactless payment technology in Cyprus.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Contactless Payment Terminals Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Contactless Payment Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Contactless Payment Terminals Market - Industry Life Cycle |
3.4 Cyprus Contactless Payment Terminals Market - Porter's Five Forces |
3.5 Cyprus Contactless Payment Terminals Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Cyprus Contactless Payment Terminals Market Revenues & Volume Share, By Payment Method, 2021 & 2031F |
3.7 Cyprus Contactless Payment Terminals Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.8 Cyprus Contactless Payment Terminals Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Cyprus Contactless Payment Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Contactless Payment Terminals Market Trends |
6 Cyprus Contactless Payment Terminals Market, By Types |
6.1 Cyprus Contactless Payment Terminals Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Bluetooth, 2021- 2031F |
6.1.4 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Infrared, 2021- 2031F |
6.1.5 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Carrier-based, 2021- 2031F |
6.1.6 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Wi-Fi, 2021- 2031F |
6.2 Cyprus Contactless Payment Terminals Market, By Payment Method |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Account-based, 2021- 2031F |
6.2.3 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Credit/Debit Card, 2021- 2031F |
6.2.4 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Stored Value, 2021- 2031F |
6.2.5 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Smart Card, 2021- 2031F |
6.3 Cyprus Contactless Payment Terminals Market, By Device |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Integrated POS, 2021- 2031F |
6.3.3 Cyprus Contactless Payment Terminals Market Revenues & Volume, By mPOS, 2021- 2031F |
6.3.4 Cyprus Contactless Payment Terminals Market Revenues & Volume, By PDA, 2021- 2031F |
6.3.5 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Unattended Terminal, 2021- 2031F |
6.3.6 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Contactless Reader, 2021- 2031F |
6.4 Cyprus Contactless Payment Terminals Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Retail, 2021- 2031F |
6.4.3 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Transportation, 2021- 2031F |
6.4.4 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Banking, 2021- 2031F |
6.4.5 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Government, 2021- 2031F |
6.4.6 Cyprus Contactless Payment Terminals Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Cyprus Contactless Payment Terminals Market Import-Export Trade Statistics |
7.1 Cyprus Contactless Payment Terminals Market Export to Major Countries |
7.2 Cyprus Contactless Payment Terminals Market Imports from Major Countries |
8 Cyprus Contactless Payment Terminals Market Key Performance Indicators |
9 Cyprus Contactless Payment Terminals Market - Opportunity Assessment |
9.1 Cyprus Contactless Payment Terminals Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Cyprus Contactless Payment Terminals Market Opportunity Assessment, By Payment Method, 2021 & 2031F |
9.3 Cyprus Contactless Payment Terminals Market Opportunity Assessment, By Device, 2021 & 2031F |
9.4 Cyprus Contactless Payment Terminals Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Cyprus Contactless Payment Terminals Market - Competitive Landscape |
10.1 Cyprus Contactless Payment Terminals Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Contactless Payment Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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