POS terminals comprise both hardware and software and allow users to avail card payments directly without updating their cash registers. The cost of installing a terminal varies with the size of the business unit and the selling terms among the channel partners and suppliers. Segments such as pubs and take-out restaurants are integrating POS terminals in comparatively less volumes. Thus, the cost of installation is comparatively lower for these units. The demand for POS terminals is increasing because of the growing payment services and the use of debit or credit cards for safe and secure transactions among small- and medium-sized enterprises such as small hotels and restaurants.
Technavio’s analysts forecast the global mobile EMV POS terminals market to grow at a CAGR of 17.87% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global mobile EMV POS terminals market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of mobile EMV POS terminals, transaction fees, and other fees such as monthly fees charged by vendors.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Mobile EMV POS Terminals Market 2016-2020, 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.
Other prominent vendors - Atos Worldline - CyberNet - Equinox Payments - First Data - NCR - Spire Payments
Market driver - Rising regulatory intervention on secure 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 - Increased adoption of cloud-based solutions - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Our reports have been used by over 10K customers, including: