integrated circuit card reader market

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integrated circuit card reader market Research
Report By Forecast 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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integrated circuit card reader market Forecast
To 2024
integrated circuit card reader market Forecast To
2024

• Market Research Future (MRFR), on the global
  market of smart card reader, reveals that the
  market is poised to expand at a lucrative CAGR of
  40.8 across the forecast period of 2018-2024 and
  touch a valuation of USD 79,000 million by 2024.
• The emerging trend of cashless transaction is
  identified as a major factor that is expected to
  propel the global integrated circuit card reader
  market. Increase in number of cashless business
  transactions across different verticals and the
  adopting cashless transaction systems are likely
  to gain a considerable traction for the worldwide
  market of smart card reader. In addition,
  modernization of payment methods is enabling
  business transaction optimization. These
  aforementioned factors are likely to escalate the
  market growth.

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integrated circuit card reader market Forecast
To 2024
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on integrated
circuit card reader market Forecast To 2024

• A greater number of people are gaining confidence
  in cashless transaction due to the increase in
  the awareness about its safety. Alongside, the
  convenience in making online payment is also
  aiding smart card reader in gaining popularity.
  These cards are generally used in accessing data
  from credit cards, electronic identification
  cards, debit cards, and access cards. They offer
  an individual or businesses a secured and better
  payment options over traditional cash
  transactions. These factors are likely to boost
  the integrated circuit card reader market.

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integrated circuit card reader market Forecast
To 2024
Global integrated circuit card reader market
Segmented on the basis of
The integrated circuit card reader market has
been segmented by type, application, and
technology. By type, the market has been
segmented into contactless-based, interface
based, and contact-based. The contact-based
segment of the market is expected expand at a
CAGR of 40.6 during the assessment period and
surpass a valuation of USD 2,290.03 million by
2024. The expansion of the segment can be
attributed to the large-scale application of
contact-based smart card readers in credit card
and debit card transaction system. The
contactless-based segment to exceed a valuation
of USD 1,673.96 Mn. By technology, the market has
been segmented into Europay MasterCard Visa (EMV)
Chip, Near Field Communication (NFC), and other.
The Europay Mastercard Visa (EMV) chip segment
accounted for 53.1 of the global market share.
The near field communication (NFC) is likely to
value at USD 24,100 Mn by 2024. By application,
the market has been segmented into identity
management, ticketing, security access
management, payments, and others. The payment
segment, due to the increase in the application
of smart card readers in payment systems is
expected to direct the growth of the market in
the coming years. The identity management segment
is anticipated to follow the lead.
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integrated circuit card reader market Forecast
To 2024
Global integrated circuit card reader market -
Geographical Analysis

• North America, Europe, Asia Pacific (APAC), Latin
  America, and the Middle East Africa (MEA) are
  regional segments of the market. APAC to secure
  the leading position in the global integrated
  circuit card reader market. The APAC market
  likely to thrive at a 42.5 CAGR across the
  evaluation period. The segment is set to touch a
  valuation of USD 34,100 Mn by 2024. Strong
  internet connectivity, increase in the adoption
  of cashless mode of payment technologies, and the
  introduction of favorable policies are reasons
  that are expected to strengthen the base of the
  regional market to grow. Emerging countries such
  as India, Indonesia, China, and others are likely
  to exhibit robust growth of the market. The North
  America market to expand at a CAGR of 40.7 and
  exceed a valuation of USD 1,485.92 million by due
  to the presence of multiple key players.

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integrated circuit card reader market Forecast
To 2024
Global integrated circuit card reader market -
Competitive Analysis

• PayPal Holdings, Inc., ID TECH, Gemalto NV,
  IOGEAR, Verifone Systems Inc., Ingenico Group,
  PAX Global Technology Limited, Advanced Card
  Systems Ltd., CHERRY, HP Inc., Stanley Global
  LLC., Square, Inc., Identive Group, Rocketek
  Electronics, and others.

• Browse Report _at_ https//www.marketresearchfuture
  .com/reports/smart-card-reader-market-7659

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