The EMV POS terminal market share in the US is set to grow by USD 512.79 million, progressing at a CAGR of 8% during the forecast period. Technavio's research report identifies and analyses the growth drivers that will boost the market growth. It also provides a thorough understanding of all the segments, trends, and challenges that are likely to have an impact on the future prospects of the market in focus.
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One of the key drivers that will boost market growth is the increasing regulatory interventions on secure payments. In addition, the increase in fraud at merchant POS terminals is the major EMV POS terminal market trend that will positively impact the market growth. However, the increase in mobile payments is a major hindrance for market vendors.
Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, the research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario.
The EMV POS terminal market in the US is segmented by products (conventional EMV POS terminals and mobile card readers) and applications (retail and hospitality).
The EMV POS terminal market growth in the conventional EMV POS terminals segment will be significant during the forecast period. The report provides insights into the current market share of each segment along with growth projections for the next five years. These insights will equip businesses with information that will help them design a growth strategy for their area of operation.
The market is concentrated due to the presence of several players and the growth of the players depends on market conditions, government support, and industry development. BBPOS Ltd., Fiserv Inc., Ingenico Group SA, NBS Payment Solutions Inc., NCR Corp., PAX Global Technology Ltd., Square Inc., UIC Payworld Inc., USA Technologies Inc., and VeriFone Inc. are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. The customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report
