The Mobile Card Reader Global Market Report 2023, provides comprehensive information on the mobile card reader market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Mobile Card Reader Global Market Report 2023, the global mobile card reader market size is expected to grow from $10.30 billion in 2022 to $12.47 billion in 2023 at a compound annual growth rate (CAGR) of 21.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mobile card reader market size is expected to grow to $26.71 billion in 2027 at a CAGR of 21.0%.
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Technological innovation is a key trend gaining popularity in the mobile card reader market. Major key players are increasingly focusing on launching innovative products to strengthen their position in the market. For instance, in July 2022, Revolut, a UK-based financial technology company launched Revolut Reader, a compact card reader. The unique features of this card include instant contactless payment options via debit, and credit cards. This card is adapted to other POS systems in place which includes an SDK/API solution. The company aims at ensuring flexibility to larger merchants with POS systems.
The mobile card reader market is segmented:
1) By Solution: Hardware, Software
2) By Technology: Chip And Pin, Magnetic Stripe, Near Field Communication (NFC)
3) By Deployment: On-Premises, Cloud
4) By Application: Entertainment, Retail, Healthcare, Hospitality, Restaurants, Warehouse, Other Applications
North America was the largest region in the mobile card reader market in 2022.
The table of contents in TBRC’s mobile card reader market report includes:
- Executive Summary
- Mobile Card Reader Market Characteristics
- Mobile Card Reader Market Trends And Strategies
- Mobile Card Reader Market – Macro Economic Scenario
- Mobile Card Reader Market Size And Growth
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- Africa Mobile Card Reader Market
- Mobile Card Reader Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Mobile Card Reader Market
- Mobile Card Reader Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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