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Mobile Card Reader Market Size
- Report ID: GMI4272
- Published Date: Jan 2023
- Report Format: PDF
Mobile Card Reader Market Size
Mobile Card Reader Market size crossed a valuation of USD 10 billion in 2022 and is anticipated to expand at over 15% CAGR from 2023 to 2032. The emerging contactless payment trends across the retail sector are likely to escalate product sales over the next ten years.
Advanced mobile card reader systems allow retail executives to perform several day-to-day tasks, such as scanning products, updating the details, generating shopping bills in a fraction of the time, etc. In addition, the integration of innovative features, such as inventory tracking, maintaining customer records, improved billing processes, offering special discounts, and data backup in POS terminals will further strengthen the market outlook.
The increasing popularity and usage of smartphones & other wearable devices have also emerged as major growth contributors. These technologies have accelerated the transition from website-based monetization models to mobile app-based monetization models, creating favorable growth prospects for the mobile card reader industry. Besides, an increasing number of consumers using payment cards to avoid the hassle of carrying cash and easily manage payment records while ensuring confidentiality will drive business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Mobile Card Reader Market Size in 2022: | USD 10 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 65 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 288 |
| Tables, Charts & Figures: | 403 |
| Segments covered: | Solution, Deployment, Technology, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Mobile Card Reader Market Scope
