Global Mobile Card Reader Market 2016-2020




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About Mobile Card Reader

Mobile card readers are a major innovation in the payment industry, which has persuaded several enterprises that were reluctant to accept card payments to adopt them. The main difference between mobile card readers and traditional point-of-sale (PoS) solutions is the hardware used. Mobile card readers are smaller and can be attached to mobile devices such as smartphones or tablets, unlike other payment terminals that are connected to a computer. They are easy to use, portable, and require less setup time to start accepting card payments.
Merchants or sellers need to sign up with a vendor for mobile card readers. These card readers are free, but, in certain cases, they are charged a small amount. Vendors provide a free mobile app that can be downloaded by merchants on their iOS, Android, or Windows devices. Card readers need to be plugged in to mobile devices through an audio jack or wirelessly using Bluetooth. In order to accept card payments, sellers can either swipe, insert the card, or use NFC technology and contact the service provider through the app. After multiple levels of security checks, payments are accepted by the card readers and the payment process is complete. Vendors charge a transaction fee for every transaction, and the remaining amount is transferred to the sellers' account within a couple of days.

Technavios analysts forecast the global mobile card reader market to grow at a CAGR of 68.47% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global mobile card reader market during 2016-2020. To calculate the market size, the report considers revenue generated from the shipment of card readers, transaction fees, and other fees such as monthly fees charged by vendors.

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

Technavio's report, Global Mobile Card Reader Market 2016-2020, 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+)

Market driver
Large potential customer base
For a full, detailed list, view our report

Market challenge
Reaching out to potential customers
For a full, detailed list, view our report

Market trend
Fraud liability shift policy
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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?

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PART 01: Executive summary
PART 02: Scope of the report
Market overview
Base year
Data calculation approach
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Impact of EMV adoption in US
Market overview
Supply chain analysis
Market size and forecast
PART 06: Market segmentation by technology
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
Large potential customer base
Reduction in transaction costs
Increased card transactions
Increased e-commerce transactions
PART 10: Impact of drivers
PART 11: Market challenges
Reaching out to potential customers
Low transaction speed of credit card readers
Increase in online transactions
Card-related fraud
Software development and upgrading expenses
PART 12: Impact of drivers and challenges
PART 13: Market trends
Fraud liability shift policy
Adoption of contactless payment systems
Shift from card reader providers to business solutions providers
PART 14: Vendor landscape
Competitive scenario
Prominent vendors
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio

List of Exhibits
Exhibit 01: Major countries covered
Exhibit 02: Counterfeit fraud liability shift
Exhibit 03: Lost or stolen fraud liability shift
Exhibit 04: EMV terminal penetration in US 2015-2020
Exhibit 05: Segmentation of mobile card readers by type 2015
Exhibit 06: Supply chain of global mobile card reader market
Exhibit 07: Market size and forecast ($ billions)
Exhibit 08: Mobile card reader market by technology 2015 and 2020
Exhibit 09: Market segmentation by end-user 2015-2020
Exhibit 10: Market segmentation by end-user 2015 and 2020 ($ billions)
Exhibit 11: CAGR of end user segments 2015-2020
Exhibit 12: Geographical segmentation of mobile card reader market 2015- 2020
Exhibit 13: Geographical segmentation of mobile card reader market 2015-2020 ($ billions)
Exhibit 14: Mobile card reader market in Americas 2015-2020 ($ billions)
Exhibit 15: Mobile card reader market in EMEA 2015-2020 ($ billions)
Exhibit 16: Mobile card reader market in APAC 2015-2020 ($ billions)
Exhibit 17: Percentage share of MSMEs by major countries/regions 2015
Exhibit 18: Comparison of fees charged by mobile card reader vendors and banks
Exhibit 19: Payment transaction methods used by consumers globally 2015 and 2020
Exhibit 20: Global volume of payment cards 2015-2020 (billions of units)
Exhibit 21: Global transaction volume of payment cards ($ trillions) 2015-2020
Exhibit 22: Impact of drivers
Exhibit 23: Impact of drivers and challenges
Exhibit 24: Number of mobile devices with NFC technology 2015-2020 (millions of units)
Exhibit 25: Contactless payment systems using mobile devices 2015-2020