US EMV POS Terminal Market 2016 - Market to grow at a CAGR of 20.38% during Forecast 2016-2020

Albany, NY, Feb 07, 2017: POS refers to a system or a combination of systems that are used to enable easy and faster checkouts for customers at sales outlets. A standard POS system consists of a computer, a monitor, a cash drawer, a receipt printer, a barcode scanner, a POS software, a weight scale, and sometimes credit and debit card readers. POS terminals are used to facilitate cashless transactions for the sales of goods and are used by retailers to manage information related to their cash flows, inventory, and customers. They are mainly used for retail sales management. A POS terminal not only improves the shopping experience for customers by reducing the processing time for payments but also helps companies obtain and centralize information pertaining to the sales of their respective products.

The EMV POS terminals in the US to grow at a CAGR of 20.38% during the period 2016-2020. The report covers the present scenario and the growth prospects of the EMV POS terminal market in the US during 2016-2020. To calculate the market size, the report considers revenue generated from the sale of 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 end-user:
- Hospitality
- Retail

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Technavio's report, EMV POS Terminal Market in the US 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.

Key vendors
- Equinox Payments
- Ingenico
- PAX Technology
- SZZT
- Verifone

Other prominent vendors
- Equinox Payments
- PAX Technology
- SZZT

Market driver
- Increased card transactions
- For a full, detailed list, view our report

Market challenge
- Increased e-commerce transactions
- For a full, detailed list, view our report

Market trend
- Shift toward cloud-based solutions
- For a full, detailed list, view our report

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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?

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