The EMV POS terminal market's CAGR is expected to be close to 9%, however, the market's growth momentum will decelerate owing to a decrease in the year over year growth.
The report 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.
One trend in the market is emergence of biometric EMV POS terminals. Biometric EMV POS systems track the activities of the employees to prevent them from sharing access. Also, advantages such as reduced time taken to process transactions and increased security of the transactions drive the adoption of biometric EMV POS systems.
According to the report, one driver in the market is increasing regulatory inventions on secure payments. Due to the growing security issues, government regulations and security standards are becoming stringent in the US. The government is encouraging numerous regulations and enforcing a rule for recertification of electronic payment systems for merchants/retailers.
Further, the report states that one challenge in the market is increase in mobile payments. US consumers are using digital payment options for online purchases. In 2017, more than 75% of the online shoppers across the US used digital payment services, including mobile wallets, one clicks checkout buttons, and point-to-point payment applications.
- First Data
- Ingenico Group
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Market Segmentation by Product
9. Customer Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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