Mobile Card Reader Market : Scope Overview, Huge Growth
Opportunities, Challenges
Mobile Card Reader Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Mobile card reader is an external hardware device that can be connected to a tablet or
smartphones, for accepting payments from debit or credit cards, principally turning the
smartphone into mPOS terminal. Growing digitization and increasing use of plastic money for
transactions is expected to be the most prominent driver for the mobile card reader market over
the
forecast
period.
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Ability to accept plastic money on the go is the prominent trend that will drive the
industry growth
Large number of micro, small and medium enterprises are emerging across the globe,
specifically in the emerging economies. According to the Asia Pacific Economic Cooperation,
around 97% of the enterprises in the APEC regions were small and medium enterprises, as in
December 2013. Moreover, most of the small businesses that include startups, restaurants, and
freelancers among many others, are increasingly driven towards these solutions owing to
consumer tendency of making the payment through cards. ‘Cash only’ sign boards have become