The global market for EMV POS Terminal was estimated at US$10.3 Billion in 2023, and is projected to reach US$20.6 Billion by 2030, growing at a CAGR of 10.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the EMV POS terminal market is driven by several factors, reflecting technological advancements, regulatory requirements, and changing consumer behavior. Firstly, the global increase in payment card fraud has prompted stricter regulations and mandates for EMV compliance, encouraging merchants to adopt more secure POS solutions. Secondly, advancements in payment technologies, including the rise of contactless and mobile payments, are driving demand for EMV POS terminals that can support these modern payment methods. Thirdly, the expansion of the retail sector, particularly in emerging markets, is creating new opportunities for POS terminal deployment, as businesses seek to enhance their payment infrastructure. Additionally, consumer preference for secure and convenient payment options is pushing merchants to upgrade to EMV-enabled devices to meet customer expectations and build trust. Lastly, the integration of EMV technology with other value-added services, such as loyalty programs and data analytics, is providing additional incentives for businesses to invest in advanced POS terminals. These factors collectively ensure the robust growth and continuous innovation in the EMV POS terminal market, supporting the evolving needs of the global payment ecosystem.
The growth in the EMV POS terminal market is driven by several factors, reflecting technological advancements, regulatory requirements, and changing consumer behavior. Firstly, the global increase in payment card fraud has prompted stricter regulations and mandates for EMV compliance, encouraging merchants to adopt more secure POS solutions. Secondly, advancements in payment technologies, including the rise of contactless and mobile payments, are driving demand for EMV POS terminals that can support these modern payment methods. Thirdly, the expansion of the retail sector, particularly in emerging markets, is creating new opportunities for POS terminal deployment, as businesses seek to enhance their payment infrastructure. Additionally, consumer preference for secure and convenient payment options is pushing merchants to upgrade to EMV-enabled devices to meet customer expectations and build trust. Lastly, the integration of EMV technology with other value-added services, such as loyalty programs and data analytics, is providing additional incentives for businesses to invest in advanced POS terminals. These factors collectively ensure the robust growth and continuous innovation in the EMV POS terminal market, supporting the evolving needs of the global payment ecosystem.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Conventional Terminals segment, which is expected to reach US$12.7 Billion by 2030 with a CAGR of a 9.4%. The Mobile Card Readers segment is also set to grow at 12.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.8 Billion in 2023, and China, forecasted to grow at an impressive 13.1% CAGR to reach $4.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global EMV POS Terminal Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global EMV POS Terminal Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global EMV POS Terminal Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bluebird Inc., Cantaloupe, Inc., DATECS Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 39 Featured):
- Bluebird Inc.
- Cantaloupe, Inc.
- DATECS Ltd.
- Feigete Intelligent Technology Co., Ltd. (SFT)
- Global Payments, Inc.
- iMin Technology
- Ingenico Group SA
- Ingenico North America
- OCOM Technologies Limited
- PAX Technology Ltd.
- Shenzhen Justtide Tech Co., Ltd.
- Shenzhen Xinguodu Technology Co., Ltd.
- SZZT Electronics Co., Ltd.
- Telepower Communication Co., Ltd.
- VeriFone, Inc.;
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bluebird Inc.
- Cantaloupe, Inc.
- DATECS Ltd.
- Feigete Intelligent Technology Co., Ltd. (SFT)
- Global Payments, Inc.
- iMin Technology
- Ingenico Group SA
- Ingenico North America
- OCOM Technologies Limited
- PAX Technology Ltd.
- Shenzhen Justtide Tech Co., Ltd.
- Shenzhen Xinguodu Technology Co., Ltd.
- SZZT Electronics Co., Ltd.
- Telepower Communication Co., Ltd.
- VeriFone, Inc.;
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 270 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 10.3 Billion |
Forecasted Market Value ( USD | $ 20.6 Billion |
Compound Annual Growth Rate | 10.4% |
Regions Covered | Global |