Press release
Pay Card Reader Market Growing at a CAGR of 44% - In -Depth Analysis of Top Impacting Factors with Leading Players Square, Inc., Paypal Inc, Intuit Inc. (U.S.), Payanywhere Llc (U.S.), Paynear One Solutions (India), First Data Corporation (U.S.), CPI Card
Market Highlights:Market Research Future (MRFR) asserts that the global pay card reader market is estimated to register a CAGR of 44% during the forecast period (2017-2023). The increased penetration of smartphones and tablets worldwide is favoring the market growth. A pay card reader can be referred to as a device which is used to read debit and credit cards with the help of a pin and magnetic band technology. The device connects to the mobile phone via NFC or Bluetooth technology or an audio jack. A pay card reader comes with a pin which links to a mobile device through an audio jack. Some of the readers can be allied wirelessly either by using Bluetooth or NFC technology.
The pay card reader market is at its prime at present and it will continue to climb ladders of success in the future as well. The revenues for this market are expected to show considerable upswing by the end of the forecast period. On the other hand, the CAGR too stands tall at an impressive 44%.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5239
Major Key Players
Square, Inc.,
Paypal Inc,
Intuit Inc. (U.S.),
PayAnywhere LLC (U.S.),
Paynear ONE Solutions (India),
First Data Corporation (U.S.),
CPI Card Group Inc. (U.S.),
Infineon Technologies Ag (Germany),
Gemalto (Netherlands),
Mahindra Comviva (India)
According to MRFR, The global Pay Card Reader market is projected to reach USD 73 billion at a CAGR of over 44% by the end of the forecast period 2016-2022.
Industry Updates
March 11, 2019: The British bank NatWest is trailing the use of a new NFC payment card which comes with a built-in fingerprint scanner. The trial will allow their participants to make NFC payments without having to offer a signature or input a PIN.
Market Potential and Pitfalls
The global pay card reader market is estimated to experience a sturdy growth rate during the appraisal period as governments across the world are striving to improve the internet and mobile infrastructure coupled with the increased demand to transform the contactless payment system. The surging number of micro, small, and medium-sized enterprises is further enhancing the mobile payment market worldwide. The complications related to high transaction fees and bank procedures has led to the shutdown of several micros, small and large businesses, who are further looking forward to incorporate card-based transactions. Such factors are triggering the demand for pay card reader market throughout the appraisal period. The global pay card reader market has witnessed an upliftment in its growth in the past few years. it has been noticed that the on-going switching to MasterCard, Euro pay, and Visa, and other chip-based standards likely to add an impetus to the market growth along with diffusion of smart acceptance devices rising every year. The market is also estimated to amplify owing to the increased penetration of smartphones and tablets. With increasing digitization, smartphones have witnessed a robust growth and is likely to escalate in the coming years. Moreover, the recent transformation from cheque and cash to mobile and electronic payments is estimated to intensify the market growth across the globe.
On the contrary, network issues and security breaches are some of the top barriers considered to vitiate the global pay card reader market throughout the appraisal period.
Regional Analysis:
Geographically, the pay card reader market span across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).
Considering the global scenario, the pay card reader market is dominated by the North American region which accounts for the largest share in the market. The increased proliferation of smartphones and tablets along with constant technological innovations are contributing to the market growth in this region.
The Asia Pacific region is considered to occupy a significant share in the global market. The growth is credited to the fast adoption of card-based technology in this region especially in the nations like India, Japan, and China. Moreover, favorable economic conditions are likely to influence the market growth in the coming years.
Segmentation:
The global pay card reader market has been segmented on the basis of technology and application.
By mode of technology, the global pay card reader market has been segmented into near field communication technology, Europay MasterCard Visa (EMV) Chip, and QR codes.
By mode of application, the global pay card reader market has been segmented into hospitality, healthcare, entertainment, retail, consumer utility services, and transportation. Among these, the retail sector is anticipated to dominate the application segment is likely to garner USD 2,763.16 million with the fastest CAGR of 43.89% in the coming years.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/pay-card-reader-market-5239
Intended Audience:
Research & Consultancy Firms
Technology Providers
Software Providers
Government
Banking & Finance Institutes
List of Tables
TABLE 1 Global pay card reader Market, By technology, 2016-2022 (USD Million)
TABLE 2 Global pay card reader Market of europay mastercard visa (emv) chip by Region,
TABLE 3 Global pay card reader Market of near field communication technology by region,
TABLE 4 Global pay card reader market of chip & sign by Region, 2016-2022 | (USD Million)
TABLE 5 Global pay card reader market of biometrics Segment by region, 2016-2022 (USD Million)
Continued……
List of Figures
FIGURE 1 MRFR Research Process
FIGURE 2 Forecast Model
FIGURE 3 Global pay card reader MARKET: drivers & Challenges
FIGURE 4 Global pay card reader market supply Chain
FIGURE 5 Global pay card reader MARKET: Porter’s Five Forces Analysis
FIGURE 6 Global pay card reader Market: Porter’s Five Forces Analysis
Continued……
Office No. 528, Amanora Chambers
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pay Card Reader Market Growing at a CAGR of 44% - In -Depth Analysis of Top Impacting Factors with Leading Players Square, Inc., Paypal Inc, Intuit Inc. (U.S.), Payanywhere Llc (U.S.), Paynear One Solutions (India), First Data Corporation (U.S.), CPI Card here
News-ID: 1810034 • Views: …
More Releases from Market Research Future
Ophthalmic Topical Therapeutics Market | Global Market Analysis Report - 2035
Ophthalmic Topical Therapeutics: Advancing Eye Care Through Targeted Treatment
Ophthalmic topical therapeutics have become a cornerstone in modern eye care, offering precise, localized treatment for a wide range of ocular conditions. Unlike systemic medications, which circulate throughout the body and may produce unintended side effects, topical therapies deliver active compounds directly to the eye, ensuring higher efficacy and a faster onset of action. This localized approach not only improves treatment outcomes…
Mental Health Apps Market Share, Size, Growth and Forecast to 2035
Mental Health Apps: Transforming the Way We Care for Our Minds
In recent years, mental health has gained increasing recognition as an essential component of overall well-being. Despite growing awareness, many individuals still face barriers to accessing mental health support, including stigma, cost, and geographic limitations. Mental health apps have emerged as a transformative solution, leveraging technology to provide accessible, personalized, and convenient mental health care for millions worldwide.
The Rise of…
Surgical Gloves Market Size, Share, Growth | CAGR of 4.95%
Surgical Gloves: A Critical Component of Modern Healthcare
Surgical gloves have become an indispensable element in modern healthcare, serving as a first line of defense against contamination, infection, and disease transmission. These gloves are not just protective gear-they are a symbol of safety, hygiene, and precision in medical practice. Their significance spans from routine hospital procedures to complex surgical interventions, highlighting their essential role in patient care and medical safety protocols.
The…
Asia Pacific CRO Market Size, Share & Growth Report by 2035
Asia Pacific CRO Market: Driving Innovation and Transformation in the Clinical Research Landscape
The Asia Pacific Contract Research Organization (CRO) market has been witnessing significant growth over the past decade, emerging as a pivotal hub for clinical research and drug development. With a growing population, increasing prevalence of chronic diseases, and rising investments in healthcare infrastructure, the region has become an attractive destination for pharmaceutical and biotechnology companies seeking cost-effective and…
More Releases for Pay
Mobile Payment Market to See Thriving Worldwide| Apple Pay • Google Pay • Sa …
Latest Report, titled Mobile Payment Market 2025-2032 Trends, Share, Size, Growth, Opportunity and Forecast 2025-2032, by Coherent Market Insights offers a comprehensive analysis of the industry, which comprises insights on the market analysis. As part of our Black Friday Limited-Time Discount, this premium research report is now available at up to 60% off, offering an exceptional opportunity for businesses, analysts, and stakeholders to access high-value insights at a significantly reduced…
Proximity Payment Market is Going to Boom | Major Giants Apple Pay, Google Pay, …
HTF MI just released the Global Proximity Payment Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
𝐌𝐚𝐣𝐨𝐫 Giants in Proximity Payment Market are:
Apple Pay, Google Pay, Samsung…
Mobile Wallet (NFC, Digital Wallet) Market to Witness Stunning Growth | Apple Pa …
HTF MI recently introduced Global Mobile Wallet (NFC, Digital Wallet) Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Apple Pay, Google Pay, Samsung Pay, PayPal, Alipay, WeChat Pay,…
Unified Payments Interface (UPI) Market Is Booming Worldwide | Google Pay, Amazo …
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2028. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Unified Payments Interface (UPI) Market May See a Big Move | Major Giants Samsun …
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2027. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard.
Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile
Summary
Samsung…
