PUBLISHER: TechNavio | PRODUCT CODE: 1384515
PUBLISHER: TechNavio | PRODUCT CODE: 1384515
The EMV POS terminals market is forecasted to grow by USD 6,406.87 mn during 2023-2028, accelerating at a CAGR of 10.22% during the forecast period. The report on the EMV POS terminals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing volume of e-commerce transactions spurring the use of mPOS terminals, increasing focus on the self-service model in the retail industry, and strong value proposition for EMV card users and merchants.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 8.62% |
CAGR | 10.22% |
Incremental Value | $6406.87mn |
Technavio's EMV POS terminals market is segmented as below:
By End-user
By Product
By Geographical Landscape
This study identifies the use of magnetic secure transmission (MST) technology by mobile phone OEMs as one of the prime reasons driving the EMV POS terminals market growth during the next few years. Also, the emergence of biometric EMV POS terminals and the increasing adoption of cloud-based solutions will lead to sizable demand in the market.
The report on the EMV POS terminals market covers the following areas:
The robust vendor analysis is designed to help clients improve their market POSition, and in line with this, this report provides a detailed analysis of several leading EMV POS terminals market vendors that include BBPOS International Ltd., Block Inc., Bluebird Inc., Brookfield Equinox LLC, Cantaloupe Inc, DATECS Ltd., Diebold Nixdorf Inc., Global Payments Inc., NCR Corp., NEC Corp., Newland Digital Technology Co. Ltd., Panasonic Holdings Corp., PAX Global Technology Ltd., Shenzhen Xinguodu Technology Co. Ltd., Telepower Communication Co. Ltd., Toshiba Corp., U.S. Bancorp, UIC Payworld Inc., VeriFone Inc., and Worldline SA. Also, the EMV POS terminals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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