Mobile Card Reader Market Growth Potential & Forecast, 2032

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Mobile Card Reader Market Growth Analysis
Forecast Report 2023-2032
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• Industry Insights

• Mobile Card Reader Market is projected to cross
  USD 65 Bn by 2032, owing to the increasing
  adoption of mobile card readers in the
  entertainment industry. Besides, product benefits
  such as a safe and secure way to accept payments,
  higher value transactions, a faster way to pay,
  and flexibility are anticipated to amplify its
  deployment further.
• Ongoing digitization and the increasing adoption
  of cashless transactions in the entertainment
  industry will also offer lucrative growth
  opportunities to the market. As per reliable
  estimates, cashless payments for amusement parks
  are approximately 63 faster than cash
  transactions, and relatively 53 faster than
  classic credit card transactions.

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• Considering the solution, the software segment is
  slated to witness growth through 2032 owing to
  the mounting adoption of advanced mobile card
  reader software products. Sturdy billing, fast
  accounting, and accurate inventory management are
  among the key benefits anticipated to boost
  product installation.
• Based on deployment, the cloud-based mobile card
  reader segment is projected to witness rapid
  growth from 2023 to 2032. This can be ascribed to
  the rising adoption of cloud computing services
  across different industry verticals. Besides,
  cloud-based mobile card readers assist in
  employing IT resources effectively, minimizing
  investments in costly infrastructure, and
  reducing overall data breaches.

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• Regional Analysis

• Regionally, the Asia Pacific mobile card reader
  market is estimated to witness massive growth
  through 2032, owing to the rising internet
  penetration and increasing adoption of
  smartphones in the region. As per reliable
  reports, in 2020, the mobile internet penetration
  rate across the Asia Pacific countries was
  approximately 42. It has been further projected
  that by 2025, more than 333 million people across
  the region will start using mobile internet for
  the first time, bringing the overall penetration
  rate to 52 of the population.

• Competitive Analysis

• Advanced Card Systems Ltd.
• Electronic Merchant Systems
• Ingenico
• Stripe Inc.
• Revolut
• Verifone Inc.

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