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US EMV POS Terminal Market 2016-2020 - Key Vendors are Equinox Payments, Ingenico, PAX Technology, SZZT & Verifone

/EIN News/ -- Dublin, April 26, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "EMV POS Terminal Market in the US 2016-2020" report to their offering.

The EMV POS terminals in the US to grow at a CAGR of 20.38% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the EMV POS terminal market in the US during 2016-2020. To calculate the market size, the report considers revenue generated from the sale of EMV POS terminals, transaction fees, and other fees such as monthly fees charged by vendors. The report also includes a discussion of the key vendors operating in this market.

Several large retailers and small and medium-sized enterprises are expected to migrate to software as a service (SaaS) platforms in the cloud from back-end processes during the forecast period. This will enable those companies to store online a large amount of data that can be accessed from anywhere by authorized units.

According to the report, rising credit and debit card circulation and consumers' increasing use of these cards for payments are encouraging vendors. With an increase in card transactions, enterprises that were reluctant to adopt payment mechanisms involving cards are now likely to consider them. The exhibit below shows that the volume of payment cards and the transaction value of payment cards are increasing.

Further, the report states that increased adoption of mobile devices such as smartphones and tablets as well as the rising popularity of mobile commerce is driving the e-commerce market. Vendors in the market have launched mobile EMV POS terminals to counter this challenge, though it is affecting their core business of selling conventional EMV POS terminals.

Key vendors
- Equinox Payments
- Ingenico
- PAX Technology
- Verifone

Other prominent vendors
- Equinox Payments
- PAX Technology

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by end-user

Part 07: Market drivers

Part 08: Impact of drivers

Part 09: Market challenges

Part 10: Impact of drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Appendix

For more information visit http://www.researchandmarkets.com/research/smj72n/emv_pos_terminal

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                             Sector: Bank Cards, Point of Sale Equipment

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