| Product Code: ETC7367690 | 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 contactless payment terminals import shipments to Grenada in 2024 continued to show strong growth, with top exporting countries being the USA, Saint Lucia, Jamaica, Canada, and Barbados. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 7.25% from 2020 to 2024 demonstrates sustained expansion, while the growth rate of 53.64% from 2023 to 2024 highlights the accelerated pace of adoption. Grenada`s increasing reliance on contactless payment technology is evident, signaling a shift towards more efficient and secure payment solutions.
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 Grenada Contactless Payment Terminals Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Contactless Payment Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Contactless Payment Terminals Market - Industry Life Cycle |
3.4 Grenada Contactless Payment Terminals Market - Porter's Five Forces |
3.5 Grenada Contactless Payment Terminals Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Contactless Payment Terminals Market Revenues & Volume Share, By Payment Method, 2021 & 2031F |
3.7 Grenada Contactless Payment Terminals Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.8 Grenada Contactless Payment Terminals Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Grenada Contactless Payment Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment methods in Grenada |
4.2.2 Government initiatives to promote cashless transactions |
4.2.3 Growing demand for convenient and secure payment options |
4.3 Market Restraints |
4.3.1 Limited awareness and understanding of contactless payment technology among consumers |
4.3.2 Concerns over data security and privacy |
4.3.3 High initial investment and infrastructure costs for deploying contactless payment terminals |
5 Grenada Contactless Payment Terminals Market Trends |
6 Grenada Contactless Payment Terminals Market, By Types |
6.1 Grenada Contactless Payment Terminals Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Contactless Payment Terminals Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Grenada Contactless Payment Terminals Market Revenues & Volume, By Bluetooth, 2021- 2031F |
6.1.4 Grenada Contactless Payment Terminals Market Revenues & Volume, By Infrared, 2021- 2031F |
6.1.5 Grenada Contactless Payment Terminals Market Revenues & Volume, By Carrier-based, 2021- 2031F |
6.1.6 Grenada Contactless Payment Terminals Market Revenues & Volume, By Wi-Fi, 2021- 2031F |
6.2 Grenada Contactless Payment Terminals Market, By Payment Method |
6.2.1 Overview and Analysis |
6.2.2 Grenada Contactless Payment Terminals Market Revenues & Volume, By Account-based, 2021- 2031F |
6.2.3 Grenada Contactless Payment Terminals Market Revenues & Volume, By Credit/Debit Card, 2021- 2031F |
6.2.4 Grenada Contactless Payment Terminals Market Revenues & Volume, By Stored Value, 2021- 2031F |
6.2.5 Grenada Contactless Payment Terminals Market Revenues & Volume, By Smart Card, 2021- 2031F |
6.3 Grenada Contactless Payment Terminals Market, By Device |
6.3.1 Overview and Analysis |
6.3.2 Grenada Contactless Payment Terminals Market Revenues & Volume, By Integrated POS, 2021- 2031F |
6.3.3 Grenada Contactless Payment Terminals Market Revenues & Volume, By mPOS, 2021- 2031F |
6.3.4 Grenada Contactless Payment Terminals Market Revenues & Volume, By PDA, 2021- 2031F |
6.3.5 Grenada Contactless Payment Terminals Market Revenues & Volume, By Unattended Terminal, 2021- 2031F |
6.3.6 Grenada Contactless Payment Terminals Market Revenues & Volume, By Contactless Reader, 2021- 2031F |
6.4 Grenada Contactless Payment Terminals Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Contactless Payment Terminals Market Revenues & Volume, By Retail, 2021- 2031F |
6.4.3 Grenada Contactless Payment Terminals Market Revenues & Volume, By Transportation, 2021- 2031F |
6.4.4 Grenada Contactless Payment Terminals Market Revenues & Volume, By Banking, 2021- 2031F |
6.4.5 Grenada Contactless Payment Terminals Market Revenues & Volume, By Government, 2021- 2031F |
6.4.6 Grenada Contactless Payment Terminals Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Grenada Contactless Payment Terminals Market Import-Export Trade Statistics |
7.1 Grenada Contactless Payment Terminals Market Export to Major Countries |
7.2 Grenada Contactless Payment Terminals Market Imports from Major Countries |
8 Grenada Contactless Payment Terminals Market Key Performance Indicators |
8.1 Percentage increase in the number of contactless payment transactions |
8.2 Adoption rate of contactless payment terminals by businesses in Grenada |
8.3 Average transaction value through contactless payments |
9 Grenada Contactless Payment Terminals Market - Opportunity Assessment |
9.1 Grenada Contactless Payment Terminals Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Contactless Payment Terminals Market Opportunity Assessment, By Payment Method, 2021 & 2031F |
9.3 Grenada Contactless Payment Terminals Market Opportunity Assessment, By Device, 2021 & 2031F |
9.4 Grenada Contactless Payment Terminals Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Grenada Contactless Payment Terminals Market - Competitive Landscape |
10.1 Grenada Contactless Payment Terminals Market Revenue Share, By Companies, 2024 |
10.2 Grenada Contactless Payment Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |