Market Overview:
The global PoS mobile card reader market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mobile payment solutions and the growing trend of card-not-present transactions. In terms of type, the EMV technology segment is expected to hold a larger share of the global PoS mobile card reader market during the forecast period. This can be attributed to the increasing adoption of EMV cards across regions and rising demand for secure payment solutions.
Product Definition:
A point of sale (POS) mobile card reader is a device that allows merchants to accept payment cards using their smartphone or tablet. The importance of PoS mobile card readers is that they allow merchants to accept payments anywhere, which can be especially useful for businesses that operate out of a booth or truck. Additionally, PoS mobile card readers are often more affordable than traditional POS systems, making them an attractive option for small businesses.
EMV Technology:
EMV technology is an electronic payment system where the data on the chip, also called Europay, MasterCard and Visa (EMV) card, is used to make secure transactions. The technology helps to prevent fraudulent activities such as shoplifting or identity theft. It ensures that only authorized users are able to use a card at any point of sale terminal.
Non-EMV Technology:
Non-EMV technology is used in PoS mobile card reader market. PoS or Point of Sale is a payment system where the merchants and customers can transact directly without any third party intervention. The transaction takes place directly between the merchant and customer, hence there are no need for banks to facilitate these transactions with their EMV chip cards.
Application Insights:
The other application segment includes corporate, hospitality and entertainment industries. The PoS mobile card reader is widely used in the PoS machines of banks, ATMs, gas stations and convenience stores for processing payment transactions on a mobile device. The retail sector has been one of the major adopters of these readers as they help in reducing counter queues by automating transaction processes at checkout. Furthermore, these readers also eliminate human errors during checkouts by automatically recording sales data and providing real-time analytics to retailers about customer behavior & shopping trends. This helps retailers improve their business operations leading to increased profitability margins for them over time.
The hotel segment is expected to emerge as a key revenue contributor with respect to market growth over the forecast period owing to increasing demand from luxury hotels forPoS terminals that are compatible with contactless payments technology on a smartphone running Android OS or iOS operating system installed with an app called mPaymentApp installed on it (PoS terminal required).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing adoption of contactless smart card technology, which is further fueling the demand for POS mobile card readers. Increasing penetration of miniaturized payment solutions and rising smartphone penetration are also driving growth in this region. Furthermore, increasing government regulations aimed at preventing money laundering and terrorist financing are encouraging financial institutions to adopt these readers, thereby boosting industry growth over the forecast period.
The Asia Pacific regional market was closely followed by Europe owing to high demand from retail as well as other applications segments for POS mobile card reader devices that support both chip-based as well as magnetic stripe cards transactions at retailers' terminals across countries such as Germany, U.K.
Growth Factors:
- Increasing demand for mobile card readers from small and medium-sized businesses (SMBs)
- Proliferation of PoS terminals in the retail sector
- Rising demand for contactless payments
- Growing popularity of mPOS solutions among merchants
- Advances in mobile technology
Scope Of The Report
Report Attributes
Report Details
Report Title
PoS Mobile Card Reader Market Research Report
By Type
EMV Technology, Non-EMV Technology
By Application
Retail, Hotel, Other
By Companies
Ingenico, PayPal, Square, Verifone, Clover Network, Electronic Merchant Systems, Etsy, eWay, Ezetap, First Data Merchant Solutions, Ingenico, iZettle, JUSP, LifePay, mSwipe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global PoS Mobile Card Reader Market Report Segments:
The global PoS Mobile Card Reader market is segmented on the basis of:
Types
EMV Technology, Non-EMV Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Hotel, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingenico
- PayPal
- Square
- Verifone
- Clover Network
- Electronic Merchant Systems
- Etsy
- eWay
- Ezetap
- First Data Merchant Solutions
- Ingenico
- iZettle
- JUSP
- LifePay
- mSwipe
Highlights of The PoS Mobile Card Reader Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- EMV Technology
- Non-EMV Technology
- By Application:
- Retail
- Hotel
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PoS Mobile Card Reader Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PoS Mobile Card Reader is a mobile app that allows users to read PoS (Proof of Stake) tokens from their mobile devices. The app supports both Android and iOS platforms.
Some of the key players operating in the pos mobile card reader market are Ingenico, PayPal, Square, Verifone, Clover Network, Electronic Merchant Systems, Etsy, eWay, Ezetap, First Data Merchant Solutions, Ingenico, iZettle, JUSP, LifePay, mSwipe.
The pos mobile card reader market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PoS Mobile Card Reader Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PoS Mobile Card Reader Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PoS Mobile Card Reader Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PoS Mobile Card Reader Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PoS Mobile Card Reader Market Size & Forecast, 2018-2028
4.5.1 PoS Mobile Card Reader Market Size and Y-o-Y Growth
4.5.2 PoS Mobile Card Reader Market Absolute $ Opportunity
Chapter 5 Global PoS Mobile Card Reader Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PoS Mobile Card Reader Market Size Forecast by Type
5.2.1 EMV Technology
5.2.2 Non-EMV Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PoS Mobile Card Reader Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PoS Mobile Card Reader Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Hotel
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PoS Mobile Card Reader Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PoS Mobile Card Reader Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PoS Mobile Card Reader Analysis and Forecast
9.1 Introduction
9.2 North America PoS Mobile Card Reader Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PoS Mobile Card Reader Market Size Forecast by Type
9.6.1 EMV Technology
9.6.2 Non-EMV Technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PoS Mobile Card Reader Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Hotel
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PoS Mobile Card Reader Analysis and Forecast
10.1 Introduction
10.2 Europe PoS Mobile Card Reader Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PoS Mobile Card Reader Market Size Forecast by Type
10.6.1 EMV Technology
10.6.2 Non-EMV Technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PoS Mobile Card Reader Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Hotel
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PoS Mobile Card Reader Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PoS Mobile Card Reader Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PoS Mobile Card Reader Market Size Forecast by Type
11.6.1 EMV Technology
11.6.2 Non-EMV Technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PoS Mobile Card Reader Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Hotel
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PoS Mobile Card Reader Analysis and Forecast
12.1 Introduction
12.2 Latin America PoS Mobile Card Reader Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PoS Mobile Card Reader Market Size Forecast by Type
12.6.1 EMV Technology
12.6.2 Non-EMV Technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PoS Mobile Card Reader Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Hotel
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PoS Mobile Card Reader Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PoS Mobile Card Reader Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PoS Mobile Card Reader Market Size Forecast by Type
13.6.1 EMV Technology
13.6.2 Non-EMV Technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PoS Mobile Card Reader Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Hotel
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PoS Mobile Card Reader Market: Competitive Dashboard
14.2 Global PoS Mobile Card Reader Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingenico
14.3.2 PayPal
14.3.3 Square
14.3.4 Verifone
14.3.5 Clover Network
14.3.6 Electronic Merchant Systems
14.3.7 Etsy
14.3.8 eWay
14.3.9 Ezetap
14.3.10 First Data Merchant Solutions
14.3.11 Ingenico
14.3.12 iZettle
14.3.13 JUSP
14.3.14 LifePay
14.3.15 mSwipe
