POS Terminals Market in the US to grow at a CAGR of 9.1% during 2014 - 2019; Finds New Report

Report forecast the POS terminals market in the US to grow at a CAGR of 9.1% over the period 2014-2019.

A POS refers to a system or a combination of systems that are used to facilitate easy and faster checkout for customers at various outlets. A standard POS system consists of a computer, monitor, cash drawer, receipt printer, barcode scanner, POS software, weight scale, and sometimes credit and debit card readers.

A POS terminal is used for conducting sales and is used by retailers to manage information related to their inventory, customers, and cash flows. It is mainly used for retail sales management. A POS terminal not only improves the shopping experience for customers by reducing the processing time for payments but also helps them obtain and centralize information about sales of the respective products.

This report covers the present scenario and the growth prospects of the POS terminals market in the US for the period 2014-2019. To calculate the market size, the report includes the revenue generated from the sales of fixed line and wireless POS terminals in the US. However, the report does not consider the following to estimate the market size: mPOS or any communication device that is being used as a POS terminal itself, sales of components used for the production of fixed line or wireless POS terminals, and aftermarket sales of fixed line or wireless POS terminals.

POS Terminals Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the POS terminals market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, worldwide, customers are increasingly adopting EMV, which is the global standard for card authentication and processing. Financial institutions in every country have a deadline by which all payment cards should become EMV compliant. For instance, in the US, by October 2015, merchants and issuers should adopt EMV technology to avoid fraud liability. EMV penetration is very low in the US, but is likely to rise drastically during the forecast period due to the EMV liability shift. With the increase in EMV cards, there is an increased demand for POS terminals that are EMV compliant.

Key players in the POS Terminals Market in the US:  Equinox Payments, First Data, Ingenico and VeriFone

Other Prominent Vendors in the market are: CyberNet, Pax Technology, NCR and UIC

Key market driver

• Adoption of EMV cards
• For a full, detailed list, view our report

Key market challenge

• Growing mobile payment market
• For a full, detailed list, view our report

Key market trend

• Need for improved security standards
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 55 pages “POS Terminals Market in the US 2015-2019” report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market landscape, Industry overview, Country overview: US, Market landscape, Impact of drivers, Impact of drivers and challenges, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit- http://mrr.cm/ofn

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