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Global EMV POS Terminals Market 2017-2021

Global EMV POS Terminals Market 2017-2021

About Europay, MasterCard, and Visa point of sale terminals

Europay, MasterCard, and Visa (EMV) is the standard for payment cards, payment terminals, and ATMs. EMV standards were developed to deliver safer payment transactions between chip-based payment cards and terminals. EMV POS terminals generate a dynamic code for every transaction, making it almost impossible for fraudsters to decode and retrieve customer information. When a POS terminal performs all the above functions and is EMV compatible, it is referred to as an EMV POS terminal.

Technavio’s analysts forecast the global Europay, MasterCard, and Visa point of sale terminals market to grow at a CAGR of 9.9% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global Europay, MasterCard, and Visa point of sale terminals market for 2017-2021. To calculate the market size, the report considers the total sales of EMV POS terminals (fixed line and mobile) across all the sectors such as retail and hospitality.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Europay, MasterCard, and Visa Point of Sale Terminals Market 2017-2021, 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
  • Ingenico
  • PAX Technology
  • SZZT Technology
  • Verifone
Other prominent vendors
  • ATOS Worldline
  • CyberNet
  • Equinox
  • First Data
  • Keycorp
  • NCR
  • Spire Payments
Market driver
  • Increasing penetration of contactless payments
  • For a full, detailed list, view our report
Market challenge
  • Growing number of online transactions
  • For a full, detailed list, view our report
Market trend
  • Increasing number of mobile devices with NFC
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Europay, MasterCard, and Visa Point of Sale Terminals Market 2017-2021

Technavio recognizes the following companies as the key players in the global Europay, MasterCard, and Visa point of sale terminals market: Ingenico, PAX Technology, SZZT Technology, and Verifone.

Other Prominent Vendors in the market are: ATOS Worldline, CyberNet, Equinox, First Data, Keycorp, NCR, and Spire Payments.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing number of mobile devices with NFC. There is a significant increase in smart devices from smartwatches and smartphones to even smart wristbands that have NFC capabilities incorporated in them. Until 2011, the contactless payment option available was for NFC-enabled debit/credit cards.”

According to the report, one of the major drivers for this market is increasing penetration of contactless payments. The NFC POS systems have been continuously evolving with functionalities such as an increase in transaction limit, the emergence of NFC-enabled mobile EMV POS terminals, and, most importantly, a shift in consumer preferences for fast and reliable payment options. The market for NFC EMV POS terminals will grow significantly with an increase in the use of contactless cards and mobile payments during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is growing number of online transactions. Online financial transactions using net banking are becoming popular among people. These e-payment systems are easy to use and allow faster transactions. Many users find it convenient and safe to transfer money online using Internet banking. Banks provide these services with high levels of security, and the majority of B2B transactions are done through the Internet banking at present. Large enterprises in the manufacturing, production, service and maintenance, and government sectors are not using EMV POS terminals. Instead, they rely on Internet banking. Therefore, the vendors in the market cannot target a large number of enterprises that are in the B2B sector.

Companies Mentioned

Ingenico, PAX Technology, SZZT Technology, Verifone, ATOS Worldline, CyberNet, Equinox, First Data, Keycorp, NCR, Spire Payments.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Work flow in a POS terminal
      • Table Work flow in an EMV POS terminal
    • Ecosystem of POS terminals
      • Table MSMEs defined by number of employees
  • Market landscape
    • Overview
      • Table Global EMV POS terminals market
      • Table Counterfeit fraud liability shift (US)
      • Table Lost/stolen fraud liability shift in US
    • Market size and forecast
      • Table Global EMV POS terminals market revenue 2016-2021 ($ billions)
      • Table Global EMV POS terminal market 2016-2021 (units in millions)
      • Table ASP of EMV POS terminals 2016-2021 ($ per unit)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Revenue of global EMV POS terminals market by product 2016-2021 ($ billions)
      • Table Unit shipment of global EMV POS terminals market by product 2016-2021 (% share)
      • Table Global fixed EMV POS terminals market by unit shipments 2016-2021 (units in millions)
      • Table Global fixed EMV POS terminals market by revenue 2016-2021 ($ billions)
      • Table Global mobile EMV POS terminals market by revenue 2016-2021 ($ billions)
      • Table Global mobile EMV POS terminals market by unit shipment 2016-2021 (units in millions)
  • Market segmentation by end-user
    • Market size and forecast
      • Table Global EMV POS terminals market revenue by end-user 2016-2021 (% share)
      • Table Global EMV POS terminals market revenue by end-user 2016-2021 ($ billions)
    • Retail
      • Table Segments included in the retail sector
      • Table Global EMV POS terminals market revenue by retail 2016-2021 ($ billions)
      • Table Revenue of sub-segments of global EMV POS terminals market in retail sector 2016-2021 ($ billions)
      • Table Revenue of sub-segments of global EMV POS terminals market in retail sector 2016 (% share)
    • Hospitality
      • Table Global EMV POS terminal market by hospitality segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Overview
      • Table Global EMV POS terminals market by geography 2016-2021 (% share)
      • Table Global EMV POS terminals market by geography 2016-2021 ($ billions)
    • APAC
      • Table EMV POS terminal market in APAC 2016-2021 ($ billions)
    • Americas
      • Table EMV POS terminal market in Americas 2016-2021 ($ billions)
    • EMEA
      • Table EMV POS terminal market in EMEA 2016-2021 ($ billions)
  • Market drivers
    • Regulatory intervention for secure payments
    • Increasing penetration of contactless payments
    • Increased card transactions
      • Table Payment transaction methods used by consumers globally 2016 and 2021
    • Large potential end-user base
      • Table Percentage share of MSMEs by major countries/regions 2016
    • Increased e-commerce transactions
    • Strong value position for EMV card users and merchant
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Reaching out to MSMEs
    • Growing number of online transactions
    • Misconceptions regarding EMV POS terminals
    • Low transactions speed of EMV POS terminals
    • Software development, upgrading, and licensing expenses
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing number of mobile devices with NFC
      • Table Number of mobile devices with NFC technology 2016-2021 (millions of units)
    • Mobile phone OEMs coming up with magnetic secure transmission (MST) technology
    • Big data management
    • Shift from card providers to business solution providers
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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