EMV POS Terminals in the US to grow at a CAGR of 20.38% during the period 2016 - 2020; Finds New Report

Report forecast the EMV POS terminals in the US to grow at a CAGR of 20.38% during the period 2016-2020.

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

POS terminals are used to facilitate cashless transactions for the sales of goods and are used by retailers to manage information related to their cash flows, inventory, and customers. They are 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 companies obtain and centralize information pertaining to the sales of their respective products.

The report covers the present scenario and the growth prospects of the EMV POS terminal market in the US during 2016-2020. To calculate the market size, the report considers revenue generated from the sale of EMV POS terminals, transaction fees, and other fees such as monthly fees charged by vendors.

The market is divided into the following segments based on end-user:

• Hospitality
• Retail

According to the report, rising credit and debit card circulation and consumers’ increasing use of these cards for payments are encouraging vendors. With an increase in card transactions, enterprises that were reluctant to adopt payment mechanisms involving cards are now likely to consider them. The exhibit below shows that the volume of payment cards and the transaction value of payment cards are increasing.

Further, the report states that increased adoption of mobile devices such as smartphones and tablets as well as the rising popularity of mobile commerce is driving the e-commerce market. Vendors in the market have launched mobile EMV POS terminals to counter this challenge, though it is affecting their core business of selling conventional EMV POS terminals.

EMV POS Terminal Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the EMV POS Terminal Market in the US: Equinox Payments, Ingenico, PAX Technology, SZZT, and Verifone.

Other Prominent Vendors in the market are: Equinox Payments, PAX Technology, and SZZT.

Market driver

• Increased card transactions
• For a full, detailed list, view our report

Market challenge

• Increased e-commerce transactions
• For a full, detailed list, view our report

Market trend

• Shift toward cloud-based solutions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 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 and 24 Exhibit “EMV POS Terminal Market in the US 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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