Pay Card Reader Market 2018: Global Analysis, Business Strategy, Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2022

Pay Card Reader Market: By Technology (Europay MasterCard Visa (EMV) Chip, near field communication technology, QR codes), By Application (Healthcare, Hospitality, Retail, Entertainment, Transportation and Consumer Utility Services) – Global Forecast till 2022

Pune, India - October 19, 2018 /MarketersMedia/ —

Market Highlights:

A pay card reader can be defined as a device used to read credit cards and debit cards through a magnetic band and pin technology. The device is connected to the mobile phone through an audio jack or via NFC or Bluetooth technology.
Government across the globe is striving to improve the mobile and internet infrastructure, and the demand to revolutionize contactless payment system is one of the significant reason boosting the pay card reader market. The increase in number of micro, small and medium sized enterprises is fuelling the mobile payment market. The complexities associated with bank procedures and high transaction fees has led to shutdown of many micro, small and large businesses and are looking forward to implement card based transaction. Further the pay card reader market is segmented on the basis of technology and application.

Healthcare is marked as a highly competitive market. The study indicates that accepting credit or debit card and other electronic payment can make a substantial difference in medical and dental practices. The payment data security is very important in healthcare industry. The healthcare industry is facing numerous challenges such as insurance reimbursement, increase in patient responsibility, and the growing presence of data breaches, the healthcare industry is facing several challenges and adversely affect the consumers revenue and reputation.

Request a Sample Report @

Major Key Players

• Square, Inc.,
• Paypal Inc,
• Intuit Inc. (U.S.),
• PayAnywhere LLC (U.S.),
• Paynear ONE Solutions (India),
• First Data Corporation (U.S.),
• CPI Card Group Inc. (U.S.),
• Infineon Technologies Ag (Germany),
• Gemalto (Netherlands),
• Mahindra Comviva (India)

The global Pay Card Reader market is projected to reach USD 73 billion at a CAGR of over 44% by the end of the forecast period 2016-2022.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Pay Card Reader Market Research Report-Forecast to 2023”.

Key Findings:

By Technology: Magnetic Strip is dominating the market of pay card reader by technology and has reached USD 1,936.81 Million in the year 2017 and Near Field Communication is expected to grow at a fastest CAGR of 44.36%.
By Application: Retail is dominating the market of pay card reader by application and has reached USD 2,763.16 Million in the year 2017. And is also is the fastest growing at a 43.89% CAGR.

Regional Analysis:

The global Pay Card Reader market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the pay card reader market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the North American Pay Card Reader market owing to the presence of large number of established key players. North America also has a well-established infrastructure, which allows higher penetration of devices and ultimately provides better connectivity. Other factors such as the presence of major technology players, high disposable income of people and high rate of cybercrimes taking place.

Browse Complete Report @


The global market for payment card reader has segmented into two distinct parts. Both of them and their sub-segments are listed as below:

Applications – Hospitality, transportation, healthcare, consumer utility services, retail and entertainment. Out of all these, it is the retail sub-division that makes the most out of its market. It registered staggering revenue of USD 2,763.16 million in the last year. Over the forecast period this portion is expected to tread forward at the CAGR of 43.89%.
Technologies – Near field communication technology, magnetic strip, biometrics, chip and sign Europay Mastercard Visa (EMV) and QR codes. Amongst the aforementioned sub-segments, magnetic strip reigns the market at present. It accounted to USD 1,936.81 million in the year 2017. Whereas the near field communication technology is estimated to grow at the CAGR of 44.36% during the forecast period

Intended Audience:

• Research & Consultancy Firms
• Technology Providers
• Software Providers
• Government
• Banking & Finance Institutes

List of Figures

FIGURE 1 MRFR Research Process
FIGURE 2 Forecast Model
FIGURE 3 Global pay card reader MARKET: drivers & Challenges
FIGURE 4 Global pay card reader market supply Chain
FIGURE 5 Global pay card reader MARKET: Porter’s Five Forces Analysis
FIGURE 6 Global pay card reader Market: Porter’s Five Forces Analysis

For More Information, Browse Press Release @

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312

Source URL:

For more information, please visit

Source: MarketersMedia

Release ID: 427581

Other Press Releases

Media quick to declare Trump as Mueller's winner

Mar 25, 2019

NEW YORK — A media narrative declaring President Donald Trump the clear victor of special counsel Robert Mueller's Russian electoral tampering investigation settled in Sunday before more than a handful of Mueller's actual words has become public. Poised for news on the investigation for months, news organizations jumped on Attorney General William Barr's summary of Mueller's report. Barr said that Mueller had determined there was no evidence connecting Trump and his campaign staff to Russia's effort to influence the 2016 election. While Mueller made no conclusion about whether Trump had obstructed justice, Barr and his team decided there wasn't enough...

Get Out! Jordan Peele's 'Us' shatters records with $70.3M

Mar 25, 2019

NEW YORK — Jordan Peele has done it again. Two years after the filmmaker's "Get Out" became a box-office sensation, his frightening follow-up, "Us," debuted with $70.3 million in ticket sales, according to studio estimates Sunday. The opening, well above forecasts, had few parallels. It was the largest debut for an original horror film (only the "It" remake and last year's "Halloween" have surpassed it in the genre) and one of the highest openings for a live-action original film since "Avatar" was released 10 years ago. In today's franchise-driven movie world, seldom has a young director been such a draw....

Adele and Jennifer Lawrence whoop it up at NYC gay bar

Mar 25, 2019

NEW YORK — Bar patrons in New York's Greenwich Village were in the right place at the right time when Adele and Jennifer Lawrence showed up. The Daily News reports Grammy-winning singer Adele and her Oscar-winning actress pal hit the gay bar Pieces on Friday night, to the delight of the crowd. They drank and danced and schmoozed, hugging shirtless men and taking selfies while the crowd applauded. They danced to Kylie Minogue and played a drinking game. And Adele participated in a game show hosted by a drag queen and introduced herself as a married, stay-at-home mom. Adele has...

Barr scours Trump-Russia report to see how much to open

Mar 25, 2019

WASHINGTON — Attorney General William Barr scoured special counsel Robert Mueller's confidential report on the Russia investigation with his advisers Saturday, deciding how much Congress and the American public will get to see about the two-year probe into President Donald Trump and Moscow's efforts to elect him. Barr was on pace to release his first summary of Mueller's findings on Sunday, people familiar with the process said. The attorney general's decision on what to finally disclose seems almost certain to set off a fight with congressional Democrats, who want access to all of Mueller's findings — and supporting evidence —...

Streisand apologizes for remarks on Michael Jackson accusers

Mar 25, 2019

NEW YORK — Barbra Streisand apologized Saturday for her remarks about Michael Jackson and two men who have accused him of sexual abuse, saying that she should have chosen her words more carefully and that she admires the accusers for "speaking their truth." Streisand had received bitter criticism online after she was quoted in The Times of London as saying that Jackson's accusers were "thrilled to be there" during the alleged abuse, which "didn't kill them." After an initial statement Saturday to The Associated Press in which she sought to clarify her remarks, the superstar of song, stage and screen...

Hollywood in five is your 5 minutes read of Hollywood news with continual updated coverage.

Contact us: