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Pay Card Reader Market is set to garner staggering revenues by 2016 - 2022
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North America captured the highest share in the global Pay Card Reader market. North American market dominated the global pay card reader over the past few years followed by Europe and Asia-Pacific. Faster adoption of this technology in Asia pacific region especially in Japan, India and China over the next few years due to favorable economic conditions is expected to boost the growth of global pay card reader market during the forecast period.
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The major players identified across the value chain of global Pay Card Reader market include Square Inc., PayPal Inc., Infineon Technologies AG, CPI Card Group Inc., NXP Semiconductors, First Data Corporation, and others. It has been noticed that Square Inc. captured the highest market share in the revenue terms in the global pay card reader market in 2015. Square generates around 95% of its revenue from payments and point of scale devices. The key vendors are expected to enter into various business strategies in order to expand the business portfolio and to mark their significant presence in global pay card reader market.
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