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Global Mobile Card Reader Market 2017-2021

Global Mobile Card Reader Market 2017-2021

About Mobile Card Reader

A mobile card reader is a device capable of reading credit and debit cards with magnetic stripes, chip and PIN, or NFC technologies. A mobile card reader has a 3.5 mm pin that is used to connect it to a mobile device through an audio jack. Some mobile card readers can also connect wirelessly using Bluetooth or NFC technologies.

Technavio’s analysts forecast the global mobile card reader market to grow at a CAGR of 53.94% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mobile card reader market for 2017-2021. To calculate the market size, the report considers the revenue generated from mobile card reader shipments, transaction fees, and other charges such as monthly fees charged by vendors.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Mobile Card Reader Market 2017-2021, 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
  • Electronic Merchant Systems (ems+)
  • eWAY
  • Ezetap
  • Ingenico
  • JUSP
  • LifePay
  • Mswipe
  • Miura Systems
  • PayAnywhere
  • payleven
  • PayPal
  • Square
  • SumUp
  • Verifone
Market driver
  • Growing number of MSMEs offer a large scalable customer base
  • For a full, detailed list, view our report
Market challenge
  • Reaching out to potential candidates
  • For a full, detailed list, view our report
Market trend
  • Adoption of contactless payment systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Mobile Card Reader Market 2017-2021

Technavio recognizes the following companies as the key players in the global mobile card reader market: Electronic Merchant Systems, eWAY, Ezetap, Ingenico, JUSP, LifePay, Mswipe, Miura Systems, PayAnywhere, payleven, PayPal, Square, SumUp, and Verifone

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of contactless payment systems. Contactless payment ensures consumers a fast, convenient, and secure way to pay, allowing merchants to improve the in-store payment experience by reducing the counter queues while also, offering a host of loyalty opportunities. It also reduces the use of cash significantly, as seen in a number of early adopting countries. In addition, contactless payment paves the way to multi-application as the same device can also be used for transit or access control.”

According to the report, one of the major drivers for this market is growing number of MSMEs offer a large scalable customer base. The complex banking procedures and the high transaction fees have been the biggest let down for MSMEs looking to adopt card-based transaction. The advent of mobile card readers has simplified the process altogether, with the role of banks being reduced significantly. Strategies implemented by market vendors ensures that they charge only around 2%-3% of the transactional value, from which a share is given to the banks. In addition, these devices are a much cheaper alternative to traditional POS terminals, leading to greater acceptance among end-users

Further, the report states that reaching out to potential candidates is a major hindrance for the adoption of mobile card readers in the market. This is because most shopkeepers and MSMEs are still dependent on cash and check-based transaction to carry out their business activities. Even though smartphone penetration is significant on a global scale, the lack of basic infrastructures such as connectivity and mobile networks in regions such as Asia, Africa, and South America have limited the use of these devices altogether.



Companies Mentioned

Electronic Merchant Systems, eWAY, Ezetap, Ingenico, JUSP, LifePay, Mswipe, Miura Systems, PayAnywhere, payleven, PayPal, Square, SumUp, Verifone.

  • Executive summary
  • Scope of the report
    • Market overview
    • Base year and forecast period
    • Definitions
      • Table Categorization of enterprises
    • Data calculation approach
      • Table Major countries covered
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Impact of EMV adoption in US
      • Table Counterfeit fraud liability
      • Table Lost or stolen fraud liability
      • Table EMV terminal penetration in US 2016-2021 (% penetration)
    • Market overview
      • Table Segmentation of global mobile card reader market 2016
    • Supply chain analysis
      • Table Mobile card reader supply chain
    • Market size and forecast
      • Table Global mobile card reader market 2016-2021 ($ billions)
      • Table Global mobile card reader shipments 2016-2021 (million units)
  • Market segmentation by technology
    • Table Global mobile card reader market by technology 2016 and 2021
  • Market segmentation by end-user
    • Table Market segmentation by end-user 2016 and 2021
    • Table CAGR of end-user segments 2016-2021
  • Geographical segmentation
    • Table Geographic segmentation of mobile card readers 2016-2021
    • Table Geographical segregation of global mobile card reader market by revenue 2016-2021 ($ billions)
    • Americas
      • Table Mobile card reader market in Americas 2016-2021 ($ billions)
    • EMEA
      • Table Mobile card reader market in EMEA 2016-2021 ($ billions)
    • APAC
      • Table Mobile card reader market in APAC 2016-2021 ($ billions)
  • Market drivers
    • Growing number of MSMEs offer a large scalable customer base
      • Table % share of MSMEs by major countries/regions 2016
    • Lower transaction costs
      • Table Fee types charged for transactions of mobile card readers and banks
    • Growing dependence on plastic for transactions
      • Table Payment transaction methods used by consumers globally 2016 and 2021 (% share)
      • Table Global volume of payment cards 2016-2021 (billions of units)
      • Table Global transaction volume of payment cards ($ trillions) 2016-2021
    • Rise in e-commerce transactions
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Reaching out to potential customers
    • Longer transaction time using card readers
    • Growth of online transactions due to safety factor
    • Increase in the number of fraudulent activities with respect to cards
    • Software development and upgrading expenses
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Shift in fraud liability policy
    • Adoption of contactless payment systems
      • Table Number of mobile devices with NFC technology 2016-2021 (millions of units)
      • Table Contactless payment systems using mobile devices 2016-2021
    • Diversification of product portfolio by market vendors
    • Advent of magnetic secure transmission (MST) technology
  • Vendor landscape
    • Competitive scenario
      • Table Factors instrumental in driving the demand for mobile card readers
    • Key vendors
      • Table Key vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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