Global Mobile Card Reader Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global Mobile card reader market in its upcoming report titled, “Global Mobile Card Reader Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global mobile card reader market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global mobile card reader market report has been segmented on the basis of technology, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Mobile card readers are devices that are connected to tablets, laptops, smartphones for acceptance of payments by credit and debit cards. They are small in size and are able to perform transactions using different methods such as card swipe, contactless, and chip payments. Mobile cards readers also come with various features such as invoice, receipt, tax calculation, etc. These devices are inexpensive and charge small fee per transaction to users.
Increasing use of debit cards, credit cards, and smart cards among consumers is a major factor driving growth of the global mobile card reader market. Growing digitalization globally and rising preference for on cashless transactions for payments are key factors fueling growth of the target market. Mobile card readers reduce paper work and eliminates the process of check-out line. This process also keeps track of transactions resulting in decline in unaccountable money. Additionally, it is affordable and easy to function. Increasing use of mobile card readers in order to expand consumer base by enterprises is also a factor expected to boost growth of the global mobile card reader market in the near future. Furthermore, growing e-commerce sector in emerging economies is another factor anticipated drive growth of the global market.
However, concerns regarding security provided by mobile card readers and cases of identity theft may hamper growth of the global mobile card reader market. Presence of cash based economies is a challenging factor that can affect growth of the global market.
The market in North America dominates the global mobile card reader market in terms of revenue and is expected to witness high growth over the forecast period. Government initiatives for cashless transactions and preference for plastic money among individuals are factors driving growth of the market in this region. Market in Asia Pacific is expected to witness a significant growth in the near future, owing to growing digitalization, coupled with rising e-commerce sector in emerging economies such as China and India. Growing banking sector is anticipated propel growth of the global market in the Asia Pacific region.
Global Mobile Card Reader Market Segmentation:
Segmentation by technology:
- Chip and PIN
- Magnetic Stripe
- Near Field Communication
Segmentation by End User:
- Large Enterprises
- Medium Enterprises
- Micro and Small Enterprises
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Electronic Merchant Systems Inc.
- Ezetap Mobile Solutions Private Limited
- Ingenico Group
- Journal Usage Statistics Portal (JUSP)
- LifePay ZAO
- Mswipe Technologies Pvt. Ltd
- Miura Systems Limited
- PayAnywhere, LLC
- Payleven Holding GmbH
- PayPal Holdings, Inc.
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