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The mobile card reader market size is forecast to increase by USD 28.8 billion at a CAGR of 25.2% between 2023 and 2028. The market is witnessing significant growth due to the increased adoption of contactless payments and the emergence of Near Field Communication (NFC)-based payment technology. Contactless payments offer convenience and speed, making them a popular choice among consumers. NFC technology enables secure and seamless transactions between a mobile device and a payment terminal. However, high operating and maintenance costs of Point of Sale (PoS) terminals continue to pose a challenge to the market growth. Mobile card readers offer a cost-effective alternative to traditional PoS terminals, making them an attractive option for small and medium-sized businesses. Additionally, the increasing popularity of mobile wallets and mobile banking applications is driving the demand for mobile card readers. The market is expected to grow at a faster pace in the coming years, with innovative technologies and partnerships between mobile device manufacturers and payment providers fueling the growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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