Market Overview:
The global EMV POS terminals market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for EMV POS terminals from retail and hospitality applications. Additionally, the growing adoption of contactless payments is also contributing to the growth of this market. The global EMV POS terminals market can be segmented on the basis of type into portable countertop & pin pad, mPOS, and smart pos terminals. The portable countertop & pin pad segment is expected to hold a major share in this market due to its low cost and easy portability. The mPOS segment is projected to grow at a high rate during the forecast period as it offers features such as Bluetooth connectivity, cloud-based printing, and NFC acceptance that are not available in traditional POS systems. On the basis of application, the global EMV POS terminals market can be divided into retail and hospitality applications. Retail application held a major share in 2017 owing to rising demand for contactless payments across various sectors such as food & beverage, apparel, cosmetics etcetera.
Product Definition:
EMV POS terminals are devices that allow customers to make payments using chip-based debit or credit cards. EMV is a global standard for card payments that uses microchips in cards to create a more secure payment environment. EMV POS terminals are important because they help protect businesses from fraud and provide a more secure payment option for customers.
Portable Countertop & Pin Pad:
The global portable tabletop and pin pad market is expected to witness significant growth over the forecast period. The market growth can be attributed to several factors such as increasing demand for contactless payment transactions, growing preference for cashless payments, and surging adoption of mobile devices among consumers. Moreover, these devices help in reducing transaction time by eliminating the need for manual counting of money or card swiping at POS terminals.
Mpos:
Mpos is a magnetic point of sale terminal function that enables customers to make payments using their credit cards or debit cards. It also displays the information about the transaction including its total amount and details about the billing cycle. Mpos terminals with integrated chip readers can also read out card numbers and expiration dates, which helps in increasing sales by attracting new customers as well as retaining existing ones.
Application Insights:
The retail segment accounted for the largest share of over 70.0% in 2017 and is expected to continue its dominance over the forecast period. The adoption of chip cards at POS terminals has become mandatory to avoid frauds and comply with regulatory norms such as PCI, DSS, & FIS standards. Furthermore, many large retail chains including 7-Eleven Inc., FamilyMart Co., Ltd., convenience stores SMART and Auchan have already deployed these terminals while small businesses are still hesitant about this technology transition.
The hospitality segment is expected to witness a significant growth rate over the forecast period owing to growing demand for payment solutions from global hotel chains Marriott International, Inc., Hyatt Hotels Corporation, InterContinental Hotel Group Plc among others that offer loyalty programs on a national level e.g.
Regional Analysis:
Europe was the largest market for global EMV POS terminals, accounting for more than 35.0% of the total revenue in 2017. The European Commission has mandated that all payment transactions must be completed through either contactless or chip and PIN technology by 2018, which is expected to increase adoption of these terminals over the next few years. Furthermore, growing adoption of mobile payments in countries such as France and Germany is further expected to drive demand over the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions with a CAGR exceeding 6.0% from 2018 to 2030 owing to increasing number of retail outlets coupled with rising consumer spending on electronic devices such as smartphones.
Growth Factors:
- Increasing demand for secure and convenient payment methods is driving the EMV POS terminals market growth.
- The increasing penetration of smartphones and other mobile devices is also fueling the demand for EMV POS terminals.
- The growing e-commerce sector is also contributing to the growth of the EMV POS terminals market.
- The rising number of card-not-present transactions is also propelling the demand for EMV POS terminals. 5)The increasing awareness about the benefits of using EMV POS terminals among merchants and consumers is boosting market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
EMV POS Terminals Market Research Report
By Type
Portable Countertop & Pin Pad, Mpos, Smart Pos
By Application
Retail, Hospitality
By Companies
Ingenico, PAX Technology, SZZT Technology, Verifone, Ingenico
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global EMV POS Terminals Market Report Segments:
The global EMV POS Terminals market is segmented on the basis of:
Types
Portable Countertop & Pin Pad, Mpos, Smart Pos
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Hospitality
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingenico
- PAX Technology
- SZZT Technology
- Verifone
- Ingenico
Highlights of The EMV POS Terminals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Countertop & Pin Pad
- Mpos
- Smart Pos
- By Application:
- Retail
- Hospitality
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EMV POS Terminals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EMV POS Terminals are a type of point-of-sale terminal that uses the EMV chip technology. They are used in places where credit and debit cards are commonly used, such as retail stores. EMV terminals help to prevent fraud by verifying the card information before it is processed.
Some of the major players in the emv pos terminals market are Ingenico, PAX Technology, SZZT Technology, Verifone, Ingenico.
The emv pos terminals market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EMV POS Terminals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EMV POS Terminals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EMV POS Terminals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EMV POS Terminals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EMV POS Terminals Market Size & Forecast, 2018-2028
4.5.1 EMV POS Terminals Market Size and Y-o-Y Growth
4.5.2 EMV POS Terminals Market Absolute $ Opportunity
Chapter 5 Global EMV POS Terminals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EMV POS Terminals Market Size Forecast by Type
5.2.1 Portable Countertop & Pin Pad
5.2.2 Mpos
5.2.3 Smart Pos
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EMV POS Terminals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EMV POS Terminals Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Hospitality
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EMV POS Terminals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EMV POS Terminals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EMV POS Terminals Analysis and Forecast
9.1 Introduction
9.2 North America EMV POS Terminals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EMV POS Terminals Market Size Forecast by Type
9.6.1 Portable Countertop & Pin Pad
9.6.2 Mpos
9.6.3 Smart Pos
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EMV POS Terminals Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Hospitality
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EMV POS Terminals Analysis and Forecast
10.1 Introduction
10.2 Europe EMV POS Terminals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EMV POS Terminals Market Size Forecast by Type
10.6.1 Portable Countertop & Pin Pad
10.6.2 Mpos
10.6.3 Smart Pos
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EMV POS Terminals Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Hospitality
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EMV POS Terminals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EMV POS Terminals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EMV POS Terminals Market Size Forecast by Type
11.6.1 Portable Countertop & Pin Pad
11.6.2 Mpos
11.6.3 Smart Pos
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EMV POS Terminals Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Hospitality
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EMV POS Terminals Analysis and Forecast
12.1 Introduction
12.2 Latin America EMV POS Terminals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EMV POS Terminals Market Size Forecast by Type
12.6.1 Portable Countertop & Pin Pad
12.6.2 Mpos
12.6.3 Smart Pos
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EMV POS Terminals Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Hospitality
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EMV POS Terminals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EMV POS Terminals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EMV POS Terminals Market Size Forecast by Type
13.6.1 Portable Countertop & Pin Pad
13.6.2 Mpos
13.6.3 Smart Pos
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EMV POS Terminals Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Hospitality
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EMV POS Terminals Market: Competitive Dashboard
14.2 Global EMV POS Terminals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingenico
14.3.2 PAX Technology
14.3.3 SZZT Technology
14.3.4 Verifone
14.3.5 Ingenico
