Mobile Card Reader Market
Global Mobile Card Reader Market Size, Share & Trends Analysis Report by Technology (Chip and PIN, Magnetic Stripe, and Near Field Communication (NFC)), By Application (Entertainment, Retail, Healthcare, Hospitality, and Others), and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global mobile card reader market is estimated to grow at a CAGR of over 13% during the forecast period. A mobile card reader is a data input device that reads data from a card-shaped storage medium. These electronic devices read plastic cards embedded with either a barcode, magnetic strip, computer chip or another storage medium. Owing to the increased adoption of cashless payment methods and digitalization, the market size is expected to expand during the forecast period. Increased numbers of peoples are gaining confidence in making digital payments owing to the increase in the awareness about its safety and security. Additionally, the convenience in making an online payment is aiding mobile card readers in gaining popularity. These provide better and secured payment options over conventional cash transactions; thus, these factors are projected to boost the mobile card reader market during the forecast period.
Segmental Outlook
The global mobile card reader market is segmented based on technology and application. Based on the technology, the market is segmented into chip and pin, magnetic stripe, and near field communication (NFC).The chip and PIN hold the most significant share as it ensures the strong security of the card. The demand for contactless card readers is expected to increase in the near future. These cards accept contactless payments with Android Pay, Apple Pay, and other NFC-enabled smartphones and watches. They are embedded with multiple layers of security, such as chip & PIN payments, which provide safe & secure payment transactions. Further, based on the application, the market is segmented into entertainment, retail, healthcare, hospitality, and others.
Regional Outlook
The global mobile card reader is geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is expected to grow at a significant rate in the market. This is attributed to the increased adoption of applications of the IoT, big data and AI that aids in developing products and finding new business opportunities that further contribute to the growth of the market.
As per the government’s ’Cashless Vision’ report, the cashless payment ratio was 20% in 2016 which aims to increase to 40% by 2025. For this, the government has rolled out a nine-month points program in October 2019 to encourage small retailers to accept digital payment. Shoppers will get 5% of the purchase on performing digital transactions from small and medium-sized stores and 2% from major chains. As per the Economy, Trade and Industry Ministry of Japan, more than 577,000 stores had applied for participating in the government’s reward point program. Due to this, the digital wallet market is expected to increase, which in turn, positively affects the overall market growth.
Global Mobile Card Reader Market, by Region 2018 (%)
Market Players Outlook
The prominent players operating in the global mobile card reader market include Fidelity National Information Services, Inc., Paypal Inc., Square Inc., Verifone Holdings, Inc., Ingenico Group, and others. These players continuously contribute to the market by adopting several growth strategies such as mergers and acquisitions, new product launches and approvals, partnerships and collaborations, and others to gain a competitive share in the overall mobile card reader market.
For instance, in August 2018, Square Inc. has updated and enhanced its services in the payment making options. It announced to manufacture EMV transactions faster for business owners and buyers in the US so that sellers process chip cards in two seconds on Square Reader for contactless and chip and Square Register. This provided the customers with the updated features introduced by the company, thus, contributing to the growth of the market.
In March 2017, Square Inc. announced to launch its services in UK. This enabled the company to grow its customer base and made small and medium-sized businesses across Britain to take card payments and run their business.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile card reader market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Paypal Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Square Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Verifone Holdings, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Ingenico Group
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Fidelity National Information Services, Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Mobile Card Reader Market by Technology
5.1.1. Chip and PIN
5.1.2. Magnetic stripe
5.1.3. Near Field Communication (NFC)
5.2. Global Mobile Card Reader Market by Application
5.2.1. Entertainment
5.2.2. Retail
5.2.3. Healthcare
5.2.4. Hospitality
5.2.5. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Clover Network, Inc.
7.2. Electronic Merchant Systems
7.3. Ezetap Mobile Solutions Pvt. Ltd.
7.4. First Data Corp.
7.5. Fidelity National Information Services, Inc
7.6. Ingenico Group
7.7. mSwipe
7.8. PayAnywhere
7.9. PaypalHoldings Inc.
7.10. Square Inc.
7.11. SumUp Inc.
7.12. Tappr
7.13. Total System Services Inc.
7.14. VeriFone Holdings, Inc.
1. GLOBAL MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
2. GLOBAL CHIP AND PIN TECHNOLOGY OF MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL MAGNETIC STRIPE TECHNOLOGY OF MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL NEAR FIELD COMMUNICATION (NFC)TECHNOLOGY OF MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
6. GLOBAL MOBILE CARD READER IN ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL MOBILE CARD READER IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL MOBILE CARD READER IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL MOBILE CARD READER IN HOSPITALITY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL MOBILE CARD READER IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
12. NORTH AMERICAN MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
15. EUROPEAN MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
16. EUROPEAN MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
17. EUROPEAN MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
18. ASIA-PACIFIC MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
19. ASIA-PACIFIC MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
20. ASIA-PACIFIC MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
21. REST OF THE WORLD MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
22. REST OF THE WORLD MOBILE CARD READER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. GLOBAL MOBILE CARD READER MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)
2. GLOBAL MOBILE CARD READER MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL MOBILE CARD READER MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
4. US MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
5. CANADA MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
6. UK MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
7. FRANCE MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
8. GERMANY MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
9. ITALY MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
10. SPAIN MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
11. ROE MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
12. INDIA MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
13. CHINA MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
14. JAPAN MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
15. REST OF ASIA-PACIFIC MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF THE WORLD MOBILE CARD READER MARKET SIZE, 2018-2025 ($ MILLION)
