Press release
Global Mobile Card Reader Market: Industry Outlook, Growth Prospects, Key Opportunities, Size, Share And Latest Trends Forecast To 2032
Mobile Card Reader Global Market
Mobile Card Reader Market Size, Growth Rate, And Forecast
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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Mobile Card Reader Market Drivers
The rising adoption of smartphones for digital payments is expected to propel the growth of the mobile card reader market going forward. A smartphone refers to a mobile phone that connects to the internet and features software similar to that on a laptop. Digital payments refer to transactions that happen online or through digital channels without a physical exchange of money, this implies that both the payer and the payee exchange money via electronic means.
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Mobile Card Reader Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Mobile Card Reader market.
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Mobile Card Reader Market Key Players
Major competitors in the Mobile Card Reader market include Electronic Merchant Systems Inc., Ezetap Mobile Solutions Private Limited, Ingenico Group, LifePay ZAO
The Table Of Content For The Mobile Card Reader Market Include:
1. Executive Summary
2. Mobile Card Reader Market Characteristics
3. Mobile Card Reader Market Trends And Strategies
4. Mobile Card Reader Market - Macro Economic Scenario
5. Mobile Card Reader Market Size And Growth
……
27. Mobile Card Reader Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mobile Card Reader Market
29. Mobile Card Reader Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Mobile Card Reader Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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