EMV POS Terminals Market Size to Grow by USD 5.02 billion, Large Potential End-user Base to Boost Market Growth – Technavio

Attractive Opportunities in EMV POS Terminals Market by End-user and Geography - Forecast and Analysis 2022-2026

NEW YORK, Sept. 9, 2022 /PRNewswire/ — The “EMV POS Terminals Market by End-user (retail and hospitality) and Geography (APAC, North America, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the EMV POS terminals market size between 2021 and 2026 is USD 5.02 bn. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Key Market Dynamics

  • Market Driver: The large potential end-user base is driving the growth of the market. Currently, many MSMEs use cash-only transactions. The acceptance of EMV among MSME merchants is low, mainly due to various banking- and tax-related procedures, fees levied by banks for maintaining the current account, and the fees levied by EMV POS vendors for each transaction. However, during the forecast period, regulations imposed by governments, declining ASP of EMV POS terminals, and large-scale adoption of mPOS terminals will raise the growth potential of the EMV POS terminals market.
  • Market Challenge: The challenges in reaching out to MSMEs will hinder the growth of the market. MSMEs have a low transaction volume. Most MSMEs do not prefer POS terminals, mainly due to the fee charged for each transaction and the high initial cost of the device. Moreover, to evade tax, some MSMEs do not maintain accounts or issue receipts. In addition, some MSMEs in the unorganized retail and hospitality sector do not have clearances from local governments. Hence, they avoid using EMV POS terminals, which negatively affects the target sales of market vendors.

Technavio offers key drivers, trends, and challenges that will impact the future of the market. Read our FREE PDF Sample Report right now!

Market Segmentation

The EMV POS terminals market report is segmented by end-user (retail and hospitality) and geography (APAC, North America, Europe, South America, and Middle East and Africa). APAC will be the leading region with 55% of the market’s growth during the forecast period. China and India are the key countries for the EMV POS terminals market in APAC.

View our FREE PDF sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Vendor Analysis

The EMV POS terminals market is fragmented, and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market. The market has well-established players that are currently adopting new technologies to gain a competitive edge. The competition in the global EMV POS terminal market is expected to intensify because of the growing number of solution providers, along with the rising mergers and acquisitions of small and medium-sized enterprises (SMEs).

Some Companies Mentioned

  • BBPOS International Ltd
  • Block Inc.
  • Bluebird Inc.
  • Cantaloupe Inc
  • Cisco Systems Inc.
  • DATECS Ltd.
  • Diebold Nixdorf Inc.
  • Fiserv Inc.
  • Global Payments Inc.
  • NCR Corp.
  • NEC Corp.
  • Panasonic Corp.
  • PAX Global Technology Ltd.
  • Shenzhen Xinguodu Technology Co. Ltd.
  • Telepower Communication Co. Ltd.
  • Toshiba Corp.
  • U.S. Bancorp
  • UIC Payworld Inc.
  • VeriFone Inc.
  • Worldline SA

This report provides a full list of key vendors, their strategies, and latest developments. Request a FREE PDF Sample Now

Related Reports

mPoS Terminals Market by End-user and Geography – Forecast and Analysis 2022-2026

Biometric POS Terminals Market by Technology and Geography – Forecast and Analysis 2021-2025

EMV POS Terminals Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.35%

Market growth 2022-2026

USD 5.02 billion

Market structure

Fragmented

YoY growth (%)

7.82

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 55%

Key consumer countries

US, Canada, China, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BBPOS International Ltd, Block Inc., Bluebird Inc., Cantaloupe Inc, Cisco Systems Inc., DATECS Ltd., Diebold Nixdorf Inc., Fiserv Inc., Global Payments Inc., NCR Corp., NEC Corp., Panasonic 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

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Information Technology Market Reports

Key Topics Covered

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Retail – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Retail – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Retail – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Retail – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Retail – Year-over-year growth 2021-2026 (%)
  • 5.4 Hospitality – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Hospitality – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Hospitality – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Hospitality – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Hospitality – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC – Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.4 North America – Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026
    • Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 India – Market size and forecast 2021-2026
    • Exhibit 70: Chart on India – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on India – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on India – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on India – Year-over-year growth 2021-2026 (%)
  • 7.11 Canada – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.12 UK – Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 BBPOS International Ltd
    • Exhibit 89: BBPOS International Ltd – Overview
    • Exhibit 90: BBPOS International Ltd – Product / Service
    • Exhibit 91: BBPOS International Ltd – Key offerings
  • 10.4 Block Inc.
    • Exhibit 92: Block Inc. – Overview
    • Exhibit 93: Block Inc. – Business segments
    • Exhibit 94: Block Inc. – Key offerings
    • Exhibit 95: Block Inc. – Segment focus
  • 10.5 Cantaloupe Inc
    • Exhibit 96: Cantaloupe Inc – Overview
    • Exhibit 97: Cantaloupe Inc – Product / Service
    • Exhibit 98: Cantaloupe Inc – Key news
    • Exhibit 99: Cantaloupe Inc – Key offerings
  • 10.6 Fiserv Inc.
    • Exhibit 100: Fiserv Inc. – Overview
    • Exhibit 101: Fiserv Inc. – Business segments
    • Exhibit 102: Fiserv Inc. – Key offerings
    • Exhibit 103: Fiserv Inc. – Segment focus
  • 10.7 NCR Corp.
    • Exhibit 104: NCR Corp. – Overview
    • Exhibit 105: NCR Corp. – Business segments
    • Exhibit 106: NCR Corp. – Key news
    • Exhibit 107: NCR Corp. – Key offerings
    • Exhibit 108: NCR Corp. – Segment focus
  • 10.8 NEC Corp.
    • Exhibit 109: NEC Corp. – Overview
    • Exhibit 110: NEC Corp. – Business segments
    • Exhibit 111: NEC Corp. – Key news
    • Exhibit 112: NEC Corp. – Key offerings
    • Exhibit 113: NEC Corp. – Segment focus
  • 10.9 PAX Global Technology Ltd.
    • Exhibit 114: PAX Global Technology Ltd. – Overview
    • Exhibit 115: PAX Global Technology Ltd. – Business segments
    • Exhibit 116: PAX Global Technology Ltd. – Key offerings
    • Exhibit 117: PAX Global Technology Ltd. – Segment focus
  • 10.10 UIC Payworld Inc.
    • Exhibit 118: UIC Payworld Inc. – Overview
    • Exhibit 119: UIC Payworld Inc. – Product / Service
    • Exhibit 120: UIC Payworld Inc. – Key offerings
  • 10.11 VeriFone Inc.
    • Exhibit 121: VeriFone Inc. – Overview
    • Exhibit 122: VeriFone Inc. – Product / Service
    • Exhibit 123: VeriFone Inc. – Key offerings
  • 10.12 Worldline SA
    • Exhibit 124: Worldline SA – Overview
    • Exhibit 125: Worldline SA – Business segments
    • Exhibit 126: Worldline SA – Key offerings
    • Exhibit 127: Worldline SA – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 128: Inclusions checklist
    • Exhibit 129: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 130: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 131: Research methodology
    • Exhibit 132: Validation techniques employed for market sizing
    • Exhibit 133: Information sources
  • 11.5 List of abbreviations
    • Exhibit 134: List of abbreviations
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