Lewes, DE -- (SBWire) -- 01/29/2018 --Report forecast the global POS mobile card reader market to grow at a CAGR of 44.85% during the period 2018-2022.
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.
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
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.
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 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.
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
Key questions answered in this report
- What will the market size be in 2022 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?
Spanning over 155 pages "Global PoS Mobile Card Reader Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Terminologies, Market Sizing, Five Forces Analysis, Market Segmentation By Technology, Market Segmentation By Product, Market Segmentation By Revenue Source, Customer Landscape, Market Segmentation By End-User, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
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