Mobile Card Reader Market

“Global Mobile Card Reader Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global mobile card reader market. A mobile card reader refers to miniature hardware that processes financial transactions through the interconnectivity of phone networks and Wi-Fi hotspots. It helps to transform the device into a mobile point of sale (mPOS) by offering various features, such as sales tax calculations and maintenance of receipts and invoices. These can be conducted by swiping the cards or inserting a chip card into mobile devices.

The global mobile card reader market is majorly being driven by rapid digitization in the banking, financial services, and insurance (BFSI) sector. In addition to this, a significant shift in preferences toward cashless transactions and the consequent increase in the utilization of smart cards are further contributing to market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the mobile card reader market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the mobile card reader market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the mobile card reader market in detail for latest trends, outlook and opportunities. 

Segmentation by Technology:

• Magnetic stripe
• Chip and PIN
• Near-field communication

Segmentation by End User:

• MSMEs
• Large enterprises

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• PayAnywhere
• Payleven
• PayPal
• Square
• SumUp

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the mobile card reader industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the mobile card reader industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the mobile card reader industry. Furthermore, the value chain analysis of the mobile card reader industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Mobile Card Reader Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the mobile card reader industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.