LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their newest report on the EMV POS terminal market in the US. This new report will provide expert market insights for the forecast period 2018-2022.
The report will present an updated analysis of the market with regards to the current competitive landscape and global environment. It will also provide the latest trends, drivers, and challenges that are influencing the market.
The upgraded research report on the EMV POS terminal market in the US is an integral part of Technavio’s computing devices portfolio. Technavio covers an extensive range of market research reports on the computing devices market, covering different regions and top industry segments. Some of the topics covered include remote, transmission electron microscope, rugged handheld devices, computing mouse, and smartphone.
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Global growth opportunities
Technavio’s previous report on the EMV POS terminal market in the US projected that the retail sector dominated the market for nearly 50% of the market share. The retail sector includes supermarkets, hypermarkets, gas stations, drug stores, specialty stores, and mass merchandise stores. Factors such as the shift toward organized retailing in the US along with the pressure to sustain competition and retain market share can be attributed to the integration of advanced POS systems. EMV POS terminals are used by large retailers to minimize risks and enhance the use of technology across their retail stores. This resulted in an augmented demand for EMV POS terminals and related hardware and software.
In the previous report, a senior research analyst at Technavio stated, “The increasing flow of credit and debit cards have led to a rise in the number of card transactions, which is driving the EMV POS terminal market in the US. An increase in card transactions has led enterprises to adopt payment mechanisms involving cards. Thus, the increasing use of debit or credit card-based transactions will drive growth in the EMV POS terminal market.”
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Emerging trends in the market
- Market opportunities and factors impeding growth
The report on the EMV POS terminal market in the US for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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