Global EMV POS Terminals Market to grow at a CAGR of 13.9% during Forecast 2016-2020

Albany, NY, Feb 13, 2017: EMV stands for Europay, MasterCard, and Visa. EMV is a standard for payment cards, payment terminals, and for ATMs. The EMV standard was developed to deliver a safe and secure payment transaction between chip-based payment cards and terminals. EMV POS terminals generate a dynamic code for every transaction, makeing it almost impossible for fraudsters to decode and retrieve customer's information.

EMV POS terminals are a combination of hardware and software, which enable users to avail card payments directly without updating the cash registers.

The global EMV POS terminal market to grow at a CAGR of 13.9% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global EMV POS terminals market for the period 2016-2020. To calculate the market size, the report considers the sales of EMV POS terminals (both fixed line and wireless) across all sectors such as retail and hospitality.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global 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.

Key vendors
- Ingenico
- Pax Global
- SZZT
- VeriFone

Other prominent vendors
- ATOS Worldline
- CyberNet
- Equinox
- First Data
- Keycorp
- NCR
- Spire Payments.

Market driver
- Increase in adoption of EMV cards
- For a full, detailed list, view our report

Market challenge
- Expansion in mobile payment market
- For a full, detailed list, view our report

Market trend
- Growing need for improved security standards
- 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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