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.

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

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.

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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.

 POS Mobile Card Reader Market Key Vendors Are: 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.

Other Prominent Vendors in the market are: Hitachi, Hyundai KEFICO, Infineon Technologies, INZI CONTROLS, and Standard Motor Products Europe.

 POS Mobile Card Reader Market Driver:

  • Lower costs of mobile card reader devices when compared with conventional card machines
  • For a full, detailed list, view our report

 POS Mobile Card Reader Market Trends:

  • Incorporation of artificial intelligence
  • For a full, detailed list, view our report

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 The POS Mobile Card Reader Market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

This independent 74-Page report guarantees you will remain better informed than your competition. With approx 150 tables and figures examining the POS Mobile Card Reader Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

 Commenting on the report, an analyst from MIR 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.

Key Highlights of The POS Mobile Card Reader Market Report:

  • The key details related to POS Mobile Card Reader Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
  • Competitive study of the major POS Mobile Card Reader Market players will help all the market players in analyzing the latest trends and business strategies.
  • The study of emerging POS Mobile Card Reader Market segments and the existing market segments will help the readers in planning the business strategies.
  • Figure Global Production Market Share of POS Mobile Card Reader Market by Types and by Applications in 2017.

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