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EMV POS Terminal Market in the US 2018-2022

EMV POS Terminal Market in the US 2018-2022

About EMV POS Terminal

A Europay, Mastercard, and Visa (EMV) point-of-sale (POS) terminal is a checkout terminal that uses an open-standard set of specifications for chip card payments. EMV ensures interoperability between POS terminals and chip-based payment cards. EMV POS terminal is a segment of the POS terminal market. The EMV standard was developed to facilitate secure payment transactions between chip-based payment cards and POS terminals.Technavio’s analysts forecast 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.Covered in this report The report covers the present scenario and the growth prospects of the EMV POS terminal market in the US for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, EMV POS Terminal Market in the US 2018-2022, 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 vendors

  • First Data
  • Ingenico Group
  • Square
  • Verifone
Market driver
  • Increasing regulatory inventions on secure payments
  • For a full, detailed list, view our report
Market challenge
  • Increase in mobile payments
  • For a full, detailed list, view our report
Market trend
  • Emergence of biometric EMV POS terminals
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 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?


Press Release

Technavio Announces the Publication of its Research Report – EMV POS Terminal Market in the US 2018-2022

Technavio recognizes the following companies as the key players in the EMV POS terminal market in the US: First Data, Ingenico Group, Square, and Verifone.

Commenting on the report, an analyst from Technavio’s team said: “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.

Companies Mentioned

Johnson & Johnson

Novartis

The Cooper Companies

Valeant Pharmaceuticals

ZEISS

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global POS terminal market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table US - Market size and forecast 2017-2022 ($ mn)
      • Table Rate of credit card migration in US 2017-2022
      • Table US - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Retail - Market size and forecast 2017-2022
      • Table Retail - Market size and forecast 2017-2022 ($ mn)
      • Table Retail - Year-over-year growth 2018-2022 (%)
    • Hospitality- Market size and forecast 2017-2022
      • Table Hospitality - Market size and forecast 2017-2022 ($ mn)
      • Table Hospitality - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Conventional EMV POS terminals - Market size and forecast 2017-2022
      • Table Conventional EMV POS terminals - Market size and forecast 2017-2022 ($ mn)
      • Table Conventional EMV POS terminals - Year-over-year growth 2018-2022 (%)
      • Table Fixed EMV POS terminals - Market size and forecast 2017-2022 ($ mn)
      • Table Fixed EMV POS terminals - Year-over-year growth 2018-2022 (%)
      • Table Handheld EMV POS terminals - Market size and forecast 2017-2022 ($ mn)
      • Table Handheld EMV POS terminals - Year-over-year growth 2018-2022 (%)
    • Mobile card readers - Market size and forecast 2017-2022
      • Table Mobile card readers - Market size and forecast 2017-2022 ($ mn)
      • Table Mobile card readers - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Counterfeit fraud liability shift
    • Market challenges
  • Market trends
    • Emergence of biometric EMV POS terminals
    • Growing adoption of POS for big data management
    • Shift from on-premise toward cloud-based solutions
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • First Data
      • Table First Data: Overview
      • Table First Data - Business segments
      • Table First Data - Organizational developments
      • Table First Data - Geographic focus
      • Table First Data - Segment focus
      • Table First Data - Key offerings
    • Ingenico Group
      • Table Ingenico Group: Overview
      • Table Ingenico Group - Business segments
      • Table Ingenico Group - Organizational developments
      • Table Ingenico Group - Geographic focus
      • Table Ingenico Group - Segment focus
      • Table Ingenico Group - Key offerings
    • Square
      • Table Square: Overview
      • Table Square - Business segments
      • Table Square - Organizational developments
      • Table Square - Geographic focus
      • Table Square - Segment focus
      • Table Square - Key offerings
    • Verifone
      • Table Verifone: Overview
      • Table Verifone - Business segments
      • Table Verifone - Organizational developments
      • Table Verifone - Geographic focus
      • Table Verifone - Segment focus
      • Table Verifone - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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