PoS Mobile Card Reader Market - - Market scenario, dynamics & trends and size

Technavio Announces the Publication of its Research Report Global POS Mobile Card Reader Market 2018-2022

Technavio recognizes the following companies as the key players in the global POS mobile card reader market: Ingenico, PayPal, Square, and Verifone

Other Prominent Vendors in the market are: Clover Network, Electronic Merchant Systems, Etsy, eWay, Ezetap, First Data Merchant Solutions, Intuit, iZettle, JUSP, LifePay, mSwipe, Miura Systems, PayAnywhere, Shopify, SumUp, and Tappr.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is incorporation of artificial intelligence. Digital and mobile payments are increasingly gaining traction in the supply chain of consumer goods and services. A whole new world of possibilities opens up when personalized connections between customer and merchant are made available through mobile technologies and artificial intelligence (Al).

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According to the report, one driver in the market is lower costs of mobile card reader devices when compared with conventional card machines. One of the primary drivers for the growing adoption of PoS mobile card readers is the low cost of the device in comparison to conventional card readers. For instance, an Ethernet credit card reader would cost $299; however, a PoS mobile card reader would, on an average, cost just $38.36. The comparatively lower cost of the device is what makes PoS mobile card readers a preferred option for small and medium enterprise (SME) businesses.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About POS Mobile Card Reader

Point-of-sale (PoS) systems are devices that ensure cashless transaction of goods and merchandise. These systems are used extensively by the retail and hospitality sectors, and MSMEs, to make transactions simpler and easier. The use of these systems enhances the overall shopping experience by reducing the payment processing time and providing vital information about the consumers' buying behavior to the companies that use such systems. They can also help retailers and MSMEs to manage information about their inventories, customers, and cash flow.

Technavios analysts forecast the global POS mobile card reader market to grow at a CAGR of 44.85% during the period 2018-2022.

Complete Report with TOC Available @ https://marketreportscenter.com/reports/573601/global-pos-mobile-card-reader-market-2018-2022

Covered in this report

The report covers the present scenario and the growth prospects of the global POS mobile card reader market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

·         Americas

·         APAC

·         EMEA

Technavio's report, Global POS Mobile Card Reader Market 2018-2022, 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.

Key vendors

·         Ingenico

·         PayPal

·         Square

·         Verifone

·         Other prominent vendors

·         Clover Network

·         Electronic Merchant Systems

·         Etsy

·         eWay

·         Ezetap

·         First Data Merchant Solutions

·         Intuit

·         iZettle

·         JUSP

·         LifePay

·         mSwipe

·         Miura System

·         PayAnywhere

·         Shopify

·         SumUp

·         Tappr

Market driver

·         Lower costs of mobile card reader devices when compared with conventional card machines

·         For a full, detailed list, view our report

Market trend

·         Incorporation of artificial intelligence

·         For a full, detailed list, view our report

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