About Mobile Card Reader A mobile card reader is a device capable of reading credit and debit cards with magnetic stripes, chip and PIN, or NFC technologies. A mobile card reader has a 3.5 mm pin that is used to connect it to a mobile device through an audio jack. Some mobile card readers can also connect wirelessly using Bluetooth or NFC technologies.
Technavio’s analysts forecast the global mobile card reader market to grow at a CAGR of 53.94% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global mobile card reader market for 2017-2021. To calculate the market size, the report considers the revenue generated from mobile card reader shipments, transaction fees, and other charges such as monthly fees charged by vendors.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Mobile Card Reader Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver - Growing number of MSMEs offer a large scalable customer base - For a full, detailed list, view our report
Market challenge - Reaching out to potential candidates - For a full, detailed list, view our report
Market trend - Adoption of contactless payment systems - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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