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PUBLISHER: The Business Research Company | PRODUCT CODE: 1274645

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1274645

Mobile Card Reader Global Market Report 2023

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PAGES: 250 Pages
DELIVERY TIME: 2-10 business days
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“Mobile Card Reader Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mobile card reader market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for mobile card reader? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mobile card reader market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 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
  • Companies Mentioned: Electronic Merchant Systems Inc.; Ezetap Mobile Solutions Private Limited; Ingenico Group; LifePay ZAO; Mswipe Technologies Pvt. Ltd.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the mobile card reader market are Electronic Merchant Systems Inc., Ezetap Mobile Solutions Private Limited, Ingenico Group, LifePay ZAO, Mswipe Technologies Pvt. Ltd., Miura Systems Limited, PayAnywhere LLC, Payleven Holding GmbH, PayPal Holdings Inc., Square, SumUp, Verifone Inc., eWAY, Stripe Inc., and Advanced Card Systems Ltd.

The global mobile card reader market 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 mobile card reader market is expected to grow to $26.71 billion in 2027 at a CAGR of 21.0%.

The mobile card reader market consists of revenues earned by entities by providing software services to enable mobile card payments. The market value includes the value of related goods sold by the service provider or included within the service offering. The mobile card reader market also includes sales of portable card readers, virtual card readers and associated hardware components which are used in providing mobile card reader services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A mobile card reader is a tiny device that may be connected to a phone or tablet to collect payment using the cardholder's credit card. Card swipe, chip card, and contactless payment transactions are all made feasible by the device's versatility. These are used to speed up and simplify the payment procedure.

North America was the largest region in the mobile card reader market in 2022. The regions covered in the mobile card reader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of mobile card readers are hardware and software. Hardware refers to devices that can read and write to data storage like a memory card or memory stick. The various technologies include chip and pin, magnetic stripe, and near field communication (NFC) that are deployed on-premises and cloud. These are used in various applications such as entertainment, retail, healthcare, hospitality, restaurants, warehouse, and others.

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. The integration of physical card characteristics with smartphone functions is moving the future of card payments ahead, as a result, it will drive demand for mobile card readers in retail settings for shopping experiences. For instance, according to Comscore, a US-based media company, in June 2020, almost 50% of internet transactions took place on mobile devices globally. Mobile wallets have already got a sizable chunk of those transactions. Similarly, in April 2022, according to FIS global, a US-based IT service management company, mobile wallet usage increased by over 21% YoY in 2021, reaching 28.6% of all POS transactions globally, or more than US$13.3 trillion. Therefore, the rising adoption of smartphones for digital payments is driving the demand for the mobile card reader market.

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.

In October 2021, Sumup, a UK-based company operating in mobile card readers acquired Fivestars for a deal amount of $317 million. With this acquisition, Sumup expands its mobile reader portfolio in the USA that helps its merchants to set up rewards schemes and promotions for customers. Fivestars is a US-based company operating in mobile card readers.

The countries covered in the mobile card reader market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The mobile card reader market research report is one of a series of new reports from The Business Research Company that provides mobile card reader market statistics, including mobile card reader industry global market size, regional shares, competitors with a mobile card reader market share, detailed mobile card reader market segments, market trends and opportunities, and any further data you may need to thrive in the mobile card reader industry. This mobile card reader market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r6630

Table of Contents

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

  • 4.1. COVID-19 Impact On Mobile Card Reader Market
  • 4.2. Ukraine-Russia War Impact On Mobile Card Reader Market
  • 4.3. Impact Of High Inflation On Mobile Card Reader Market

5. Mobile Card Reader Market Size And Growth

  • 5.1. Global Mobile Card Reader Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Mobile Card Reader Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Mobile Card Reader Market Segmentation

  • 6.1. Global Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Hardware
  • Software
  • 6.2. Global Mobile Card Reader Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Chip And Pin
  • Magnetic Stripe
  • Near Field Communication (NFC)
  • 6.3. Global Mobile Card Reader Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • On-Premises
  • Cloud
  • 6.4. Global Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Entertainment
  • Retail
  • Healthcare
  • Hospitality
  • Restaurants
  • Warehouse
  • Other Applications

7. Mobile Card Reader Market Regional And Country Analysis

  • 7.1. Global Mobile Card Reader Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Mobile Card Reader Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Mobile Card Reader Market

  • 8.1. Asia-Pacific Mobile Card Reader Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Mobile Card Reader Market

  • 9.1. China Mobile Card Reader Market Overview
  • 9.2. China Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Mobile Card Reader Market

  • 10.1. India Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Mobile Card Reader Market

  • 11.1. Japan Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Mobile Card Reader Market

  • 12.1. Australia Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Mobile Card Reader Market

  • 13.1. Indonesia Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Mobile Card Reader Market

  • 14.1. South Korea Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Mobile Card Reader Market

  • 15.1. Western Europe Mobile Card Reader Market Overview
  • 15.2. Western Europe Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Mobile Card Reader Market

  • 16.1. UK Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Mobile Card Reader Market

  • 17.1. Germany Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Mobile Card Reader Market

  • 18.1. France Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Mobile Card Reader Market

  • 19.1. Eastern Europe Mobile Card Reader Market Overview
  • 19.2. Eastern Europe Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Mobile Card Reader Market

  • 20.1. Russia Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Mobile Card Reader Market

  • 21.1. North America Mobile Card Reader Market Overview
  • 21.2. North America Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Mobile Card Reader Market

  • 22.1. USA Mobile Card Reader Market Overview
  • 22.2. USA Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Mobile Card Reader Market

  • 23.1. South America Mobile Card Reader Market Overview
  • 23.2. South America Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Mobile Card Reader Market

  • 24.1. Brazil Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Mobile Card Reader Market

  • 25.1. Middle East Mobile Card Reader Market Overview
  • 25.2. Middle East Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Mobile Card Reader Market

  • 26.1. Africa Mobile Card Reader Market Overview
  • 26.2. Africa Mobile Card Reader Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Mobile Card Reader Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Mobile Card Reader Market Competitive Landscape And Company Profiles

  • 27.1. Mobile Card Reader Market Competitive Landscape
  • 27.2. Mobile Card Reader Market Company Profiles
    • 27.2.1. Electronic Merchant Systems Inc.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Ezetap Mobile Solutions Private Limited
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Ingenico Group
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. LifePay ZAO
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Mswipe Technologies Pvt. Ltd.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Mobile Card Reader Market

29. Mobile Card Reader Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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