DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wwkh89/pos_terminals) has announced the addition of the "POS Terminals Market in the US 2015-2019" report to their offering.
The report forecasts the POS terminals market in the US to grow at a CAGR of 9.1% over the period 2014-2019.
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. The report also 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.
Being vulnerable to cyber threats, the US has led vendors in the market to incorporate advanced security standards in their POS terminals. Hence, vendors are incorporating several security technologies including signature capturing devices and biometric sensors into POS terminals to ensure secure payment transactions. EMV adoption is also another major factor for secure transactions. Furthermore, POS terminals are being incorporated with additional features like touchscreens, RFID, and barcode scanners to enhance user experience.
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.
Further, the report states that the significantly growing usage of smartphones and their utility is a concern for POS terminal manufacturers and will affect the market during the forecast period.
- Equinox Payments
- First Data
Other prominent vendors:
- Pax Technology
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Industry overview
Part 06: Country overview: US
Part 07: Market landscape
Part 08: Impact of drivers
Part 09: Impact of drivers and challenges
Part 10: Vendor landscape
Part 11: Key vendor analysis
Part 12: Appendix
For more information visit http://www.researchandmarkets.com/research/wwkh89/pos_terminals