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

The Latest: Trump thanks Saudi Arabia for lower oil prices

Nov 22, 2018

WASHINGTON — The Latest on the fallout from the killing of Saudi journalist Jamal Khashoggi (all times local): 8:45 a.m. President Donald Trump is thanking Saudi Arabia for plunging oil prices amid criticism over his decision not to further punish the kingdom for the killing of journalist Jamal Khashoggi (jah-MAHL' khahr-SHOHK'-jee). Trump tweeted Wednesday from his Mar-a-Lago club in Florida it's "Great!" oil prices are getting lower and it's "Like a big Tax Cut for America and the World." The international crude benchmark has fallen under $65 per barrel from a four-year high of more than $86 in October as...

Ludwig Goransson is having the best year ever. Period.

Nov 22, 2018

NEW YORK — Though he's virtually unknown to the larger public, Ludwig Goransson had one of the best years in entertainment. The 34-year-old was part of two of the biggest pop culture moments in 2018 with the success of "Black Panther," for which he composed the score, and Childish Gambino's hit "This Is America," produced and co-written by Goransson. The Swedish musician will close the year on another high with Wednesday's release of "Creed II," which he scored. Goransson says "it definitely feels like I'm living a dream. But I try not to pinch myself because I don't want to...

Joanna Gaines tells how to make a house a home in new book

Nov 22, 2018

NEW YORK — Joanna Gaines, known for her cozy-yet-cool designs including open-concept floor plans, farmhouse sinks and sliding barn doors, admits having to scale back on the vision of her own home in Waco, Texas, to allow her children to add personality to their own spaces. "In the past it was hard," she said recently in an interview, having to shift her thinking to, "This is their space. This is what makes them come alive, I need to encourage that." Gaines says this principle especially applies to her two oldest children, son Drake, 13, and daughter Ella, 11. "In the...

Scorsese feted at MoMA by friends De Niro, DiCaprio, Hill

Nov 22, 2018

NEW YORK — Many young boys grow up with superheroes adorning their walls. Jonah Hill grew up with a picture of Martin Scorsese on his. The actor related the poignant anecdote at a star-studded benefit Monday evening at the Museum of Modern Art, honoring the celebrated director both for his contributions to both cinema and to film restoration and preservation. "You might not even understand how often just the image of you creates young people who want to be filmmakers every single day," said Hill, who worked with Scorsese on "The Wolf of Wall Street" and just released his directorial...

White House again threatens Acosta's pass; CNN seeks hearing

Nov 22, 2018

WASHINGTON — The Trump administration has again targeted White House press credentials for CNN reporter Jim Acosta. After a federal judge ordered that Acosta's credentials be temporarily restored last week, the White House sent Acosta a letter saying it had made the "preliminary decision" to suspend his pass. The White House said Acosta would continue to hold his credentials while the 14-day judge's order was in effect. The White House argues Acosta did not follow "basic standards" when he scrapped with President Donald Trump at a news conference. The letter from Press Secretary Sarah Huckabee Sanders and Communications Director Bill...

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

Contact us: