Technavio has announced its latest market research report titled Global EMV POS Terminals Market 2021-2025 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global EMV POS Terminals Market 2021-2025 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The EMV POS terminals market is expected to grow by USD 4.28 billion, progressing at a CAGR of over 9% during the forecast period.
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The increasing penetration of contactless payments is one of the major factors propelling the market growth. However, factors such as reaching out to MSMEs will hamper market growth.
More details: https://www.technavio.com/report/emv-pos-terminals-market-industry-analysis
EMV POS Terminals Market: End-user Landscape
Based on the end-user, the retail segment saw maximum growth in 2019. Factors such as foreign investments have resulted in the increased adoption of secure payment technologies, such as EMV standards, for POS terminals. However, the post-COVID-19 impact has brought forth a slowdown in the segment. The growth of the segment will be significant during the forecast period.
EMV POS Terminals Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 55% of the market’s overall growth is expected to originate from APAC. China and India are the key markets for EMV POS Terminals in the APAC region.
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Related Reports on Information Technology Include:
Global POS Terminals Market- The POS terminals market is segmented by product (fixed and mobile), end-user (retail and hospitality), EMV channel (EMV and non-EMV), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Biometric POS Terminals Market- The biometric POS terminals market is segmented by technology (fingerprint identification, palm vein identification, and others) and geography (North America, Europe, APAC, MEA, and South America). Click Here to Get an Exclusive Free Sample Report
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The EMV POS Terminals Market will grow by $ 4.28 bn during 2021-2025
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/