Global EMV POS Terminals Market by Type (Portable Countertop & Pin Pad, Mpos, Smart Pos), By Application (Market size and forecast, Retail, Hospitality) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The EMV POS terminals market is projected to grow at a CAGR of 6.1% in terms of revenue from 2021-2028, with the retail and hospitality sectors as the major contributors. The global EMV POS terminals market is estimated to be valued at USD 74.5 billion by 2028, growing from an estimated value of USD 44.4 billion in 2018.
EMV stands for Europay, MasterCard, and Visa. It is also known as Chip & PIN or chip-and-signature card system that was developed in the 1990s to counter fraud from counterfeit credit cards. EMV POS terminals are devices used by merchants to process transactions securely without swiping a customer's credit card through an electronic reader: instead of providing a signature on paper, customers enter their personal identification number (PIN) into the terminal with a keypad affixed to the device. This technology provides additional security because it uses cryptographic keys where both parties share unique secrets stored only in secure hardware modules within each EMV payment terminal which makes them difficult to attack remotely using malware since they require physical access or proximity.
On the basis of type, the EMV POS terminal is segmented into portable countertop and pin pad, Mpos, smart pos.
Portable Countertop and Pin Pad
A portable countertop terminal is a device that has been designed to be used at places where there are no wires or cables. It can support many functions and it’s usually small in size. The PIN pad of the terminals allows input from both sides, meaning that it doesn’t have to be oriented as long as you know how to use PIN pads! The most common type of portable countertop terminal is an ATM machine with limited capabilities such as dispensing cash only for smaller transactions and sending receipts through email or text messages if desired. They're also known for being cost-effective (less expensive than other types of terminals), easy to service & install, highly secure because they don't store any data, and easy to use.
Mpos
A mPOS is basically an EMV POS that has been modified so that it does not need a cash drawer attached to it anymore but rather connects wirelessly over Bluetooth technology to a smartphone or tablet.
A Mpos is a type of point-of-sale terminal that can process transactions more quickly because it has built-in processing power. This allows merchants to perform tasks such as voiding sales or refunding customers faster than if the merchant was using a traditional POS system. The increased processing speed also saves money for retailers by reducing wait time and other operating costs.
Mpos systems are typically used by larger retailers and chain stores that may have more than one POS terminal on-site but don't necessarily need a smart pos system to process transactions at each location. A Mpos is usually compatible with many types of software such as retail management programs for inventory tracking purposes, or accounting packages for payroll and receivables.
Smart Pos
Smart Pos systems are more sophisticated than Mpos in the sense that they have advanced features such as remote management capabilities, portability, and so on. Smart pos technology has been increasingly used by retailers due to its high-security features and automated functions. The remote management feature, for example, allows retailers to monitor their stores from outside the store premises via a cloud-based software system. The software will also allow retailers to manage inventory from a remote location. This would be extremely useful if the store is located in an area where users have limited internet connectivity, as it allows them to conduct business transactions without being physically present at their stores. Additionally, smart pos systems are more secure than mpos and they can offer multi-level protection.
On the basis of application, the EMV POS terminal is segmented into retail, hospitality & leisure industries.
Retail
EMV POS Terminals for the retail industry can be used to improve customer experience. This would allow retailers to provide superior service and eliminate inefficiencies such as long lineups at checkout counters, overpriced items, and low-quality products. EMV terminals are more secure than chip-and-pin cards, which means that customers have a safer shopping experience. It also helps verify transactions quicker by eliminating time spent on error rectification when swiping or inserting chip cards into the terminal slot during payment processing while simultaneously preventing loss of revenue due to fraudulent activity.
Hospitality & Leisure Industries
EMV POS terminals are increasingly being used in the hospitality and leisure industry due to their reliability. The integration of EMV technology makes these devices a perfect fit for foodservice establishments and casinos that want customers to feel confident when they use their cards or mobile wallets at point-of-sale (POS).
Some hotel chains have already begun installing EMV POS systems, for example, Hilton Worldwide which has 750 hotels across the globe with an average of 20 restaurants per property. With this system installed, guests can enter their card PIN number into fast food kiosks without having to insert any physical credit card – saving time and money on both ends. When it comes to gaming establishments like roulette tables or slot machines, people often need cashiers as they play, and EMV POS terminals can help make the customer’s experience more convenient.
On the basis of region, the global EMV POS terminals market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the market due to increasing demand for EMV compliant POS terminals from retail stores in the U.S., Canada, and Mexico as well as the growing adoption of EMV based credit cards by shoppers. The retail segment dominated the global EMV POS terminal market with maximum share during 2018-2028 followed by the hospitality sector.
In terms of revenue contribution, it accounted for 13% during the 2010-2018 period globally. The growth can be attributed to an increase in the adoption of EMV compliant credit cards by shoppers, increasing demand for EMV compliant POS terminals from retail stores in U.S., Canada, and Mexico as well as growing acceptance among merchants.
Growth Factors
* EMV POS terminals market is growing rapidly due to the increased number of contactless transactions.
* The Increasing need for security and data protection, especially after a series of global data breaches like the Target breach in 2013 which made retailers tighten their spending plans on new systems.
* The trend towards mobile commerce has fueled the demand for more point-of-sale (POS) terminals at retail outlets as well as hotels, restaurants, and other hospitality establishments.
The vendors are increasing with innovative features that increase customer engagement time by providing them with personalized offers through coupons or discounts linked to their past purchase history using location-based services; hence boosting sales irrespective of economical cycles. Some examples are Apple Pay, Google Wallet & Samsung Pay.
Up Market Research published a new report titled “EMV POS Terminals Market research report which is segmented by Types (Portable Countertop & Pin Pad, Mpos, Smart Pos), By Applications (Market size and forecast, Retail, Hospitality), By Players/Companies Ingenico, PAX Technology, SZZT Technology, Verifone”. As per the study, the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | EMV POS Terminals Market Research Report |
By Type | Portable Countertop & Pin Pad, Mpos, Smart Pos |
By Application | Market size and forecast, Retail, Hospitality |
By Companies | Ingenico, PAX Technology, SZZT Technology, Verifone |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 239 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global EMV POS Terminals Market Report Segments:
The market is segmented by Type Portable Countertop & Pin Pad, Mpos, Smart Pos and By Application Market size and forecast, Retail, Hospitality.
Some of the companies that are profiled in this report are:
- Ingenico
- PAX Technology
- SZZT Technology
- Verifone
EMV POS Terminals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the EMV POS Terminals Market
Overview of the regional outlook of the EMV POS Terminals Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The EMV POS Terminals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of EMV POS Terminals Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Portable Countertop & Pin Pad
2. Mpos
3. Smart Pos
7. By Application:1. Market size and forecast
2. Retail
3. 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 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the EMV POS Terminals Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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 Market size and forecast
6.2.2 Retail
6.2.3 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 Market size and forecast
9.10.2 Retail
9.10.3 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 Market size and forecast
10.10.2 Retail
10.10.3 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 Market size and forecast
11.10.2 Retail
11.10.3 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 Market size and forecast
12.10.2 Retail
12.10.3 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 Market size and forecast
13.10.2 Retail
13.10.3 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