Mobile Emv Pos Terminals Market Analysis, Trends, Outlook and Research Report 2016

Technavio Announces the Publication of its Research Report Global Mobile EMV POS Terminals Market 2016-2020

Technavio recognizes the following companies as the key players in the global mobile EMV POS terminals market: Ingenico, PAX Technology, SZZT, and Verifone.

Other Prominent Vendors in the market are: Atos Worldline, CyberNet, Equinox Payments, First Data, NCR, and Spire Payments.

Browse full report with TOC@

Commenting on the report, an analyst from Technavios team said: Increased demand for value-added services will be a key trend for market growth. Conventional mobile EMV POS terminal vendors such as Ingenico and Verifone are providing different value-added services to their customers in the form of analytics, inventory management, advertising and marketing assistance, and other related consulting services. This has not only helped them increase the customer base but also retain the existing customers. Vendors are focusing on offering different value-added services using card transaction data. Inventory management, sales reports, analytical tools, and receipts management are some of the services provided by vendors. Many vendors are providing these services for free, while some charge a monthly service fee. These add-on services provide immense value to MSMEs but lack in terms of analytics, especially for large businesses. However, as the target market is largely MSMEs, offering such services is a solid strategy for vendors.”

According to the report, increasing number of card transactions will be a key driver for market growth. The increase in the use of credit and debit cards for payment transactions by consumers is encouraging the vendors to adopt payment mechanisms involving cards. In addition, consumers will use cards and digital money as a mode of payment more often than cash. This encourages mobile card readers to invest in the technology and...