The global magnetic stripe reader market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for contactless payment methods and the need for security in transactions. Magnetic stripe readers are used in various applications such as retail, transportation, and banking. Magnetic stripe readers are also used as payment terminals in retail stores and restaurants.
Some Of The Growth Factors Of This Market:
- The increasing demand for contactless payment methods and the need for security in the banking sector are some of the factors driving growth in this market.
- The increasing adoption of EMV standards by banks and retailers is also driving growth in this market.
- Increasing use of mobile devices as a payment method is also driving growth in this market.
- Increasing use of biometric authentication systems, such as fingerprint scanners, voice recognition, and facial recognition systems are also driving growth in this market.
Industry Growth Insights published a new data on “Magnetic Stripe Reader Market”. The research report is titled “Magnetic Stripe Reader Market research by Types (Fixed Magnetic Stripe Reader, Mobile Magnetic Stripe Reader, Payment Terminal Magnetic Stripe Reader), By Applications (Retail, Transportation, Bank, Others), By Players/Companies HP, Unitech, Posiflex, Honeywell, ID Tech, Ingenico, Magtek, Motorola, Unitech, Verifone, Square Reader”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Stripe Reader Market Research Report
By Type
Fixed Magnetic Stripe Reader, Mobile Magnetic Stripe Reader, Payment Terminal Magnetic Stripe Reader
By Application
Retail, Transportation, Bank, Others
By Companies
HP, Unitech, Posiflex, Honeywell, ID Tech, Ingenico, Magtek, Motorola, Unitech, Verifone, Square Reader
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Stripe Reader Market Report Segments:
The global Magnetic Stripe Reader market is segmented on the basis of:
Types
Fixed Magnetic Stripe Reader, Mobile Magnetic Stripe Reader, Payment Terminal Magnetic Stripe Reader
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, Transportation, Bank, Others
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:
- HP
- Unitech
- Posiflex
- Honeywell
- ID Tech
- Ingenico
- Magtek
- Motorola
- Unitech
- Verifone
- Square Reader
Highlights of The Magnetic Stripe 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:
- Fixed Magnetic Stripe Reader
- Mobile Magnetic Stripe Reader
- Payment Terminal Magnetic Stripe Reader
- By Application:
- Retail
- Transportation
- Bank
- Others
- 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 Magnetic Stripe 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Magnetic stripe reader is a technology that helps to read data from magnetic stripes on cards. Magnetic stripe readers are used in many places, such as at banks and stores, to help customers pay for their purchases.
Some of the major companies in the magnetic stripe reader market are HP, Unitech, Posiflex, Honeywell, ID Tech, Ingenico, Magtek, Motorola, Unitech, Verifone, Square Reader.
The magnetic stripe reader market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Stripe Reader Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Stripe Reader Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Stripe Reader Market - Supply Chain
4.5. Global Magnetic Stripe Reader Market Forecast
4.5.1. Magnetic Stripe Reader Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Stripe Reader Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Stripe Reader Market Absolute $ Opportunity
5. Global Magnetic Stripe Reader Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Stripe Reader Market Size and Volume Forecast by Type
5.3.1. Fixed Magnetic Stripe Reader
5.3.2. Mobile Magnetic Stripe Reader
5.3.3. Payment Terminal Magnetic Stripe Reader
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Stripe Reader Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Stripe Reader Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Transportation
6.3.3. Bank
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Stripe Reader Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Stripe Reader Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Stripe Reader Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Stripe Reader Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Stripe Reader Demand Share Forecast, 2019-2026
9. North America Magnetic Stripe Reader Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Stripe Reader Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Stripe Reader Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Transportation
9.4.3. Bank
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Stripe Reader Market Size and Volume Forecast by Type
9.7.1. Fixed Magnetic Stripe Reader
9.7.2. Mobile Magnetic Stripe Reader
9.7.3. Payment Terminal Magnetic Stripe Reader
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Stripe Reader Demand Share Forecast, 2019-2026
10. Latin America Magnetic Stripe Reader Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Stripe Reader Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Stripe Reader Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Transportation
10.4.3. Bank
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Stripe Reader Market Size and Volume Forecast by Type
10.7.1. Fixed Magnetic Stripe Reader
10.7.2. Mobile Magnetic Stripe Reader
10.7.3. Payment Terminal Magnetic Stripe Reader
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Stripe Reader Demand Share Forecast, 2019-2026
11. Europe Magnetic Stripe Reader Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Stripe Reader Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Stripe Reader Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Transportation
11.4.3. Bank
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Stripe Reader Market Size and Volume Forecast by Type
11.7.1. Fixed Magnetic Stripe Reader
11.7.2. Mobile Magnetic Stripe Reader
11.7.3. Payment Termnal Magnetic Stripe Reader
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Stripe Reader Demand Share, 2019-2026
12. Asia Pacific Magnetic Stripe Reader Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Stripe Reader Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Stripe Reader Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Transportation
12.4.3. Bank
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Stripe Reader Market Size and Volume Forecast by Type
12.7.1. Fixed Magnetic Stripe Reader
12.7.2. Mobile Magnetic Stripe Reader
12.7.3. Payment Terminal Magnetic Stripe Reader
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Stripe Reader Demand Share, 2019-2026
13. Middle East & Africa Magnetic Stripe Reader Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Stripe Reader Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Stripe Reader Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Transportation
13.4.3. Bank
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Stripe Reader Market Size and Volume Forecast by Type
13.7.1. Fixed Magnetic Stripe Reader
13.7.2. Mobile Magnetic Stripe Reader
13.7.3. Payment Terminal Magnetic Stripe Reader
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Stripe Reader Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Stripe Reader Market: Market Share Analysis
14.2. Magnetic Stripe Reader Distributors and Customers
14.3. Magnetic Stripe Reader Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Unitech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Posiflex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ID Tech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ingenico
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Magtek
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Motorola
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Unitech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Verifone
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Square Reader
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
