There is a predominant belief that cashless exchange is the future as organizations over the globe are quickly slanting towards it. Cashless exchange isn’t just advantageous however protected. This is one noteworthy component that plays for smart card readers. These perusers are generally utilized for getting to information from Mastercards, charge cards, electronic distinguishing proof cards, and access cards. They offer organizations and people secure and increasingly helpful installment alternatives over customary money based exchanges. The global smart card reader market is set to show a compound yearly development rate (CAGR) of 40.8% during the conjecture time frame (2018-2024) and outperform a valuation of USD 79,000 Mn.
The global smart card reader market is classified on the basis of its technology, application, type, and regional demand. Based on its Technology, the market is divided into Near Field Communication (NFC), Europay MasterCard Visa (EMV) Chip, and others. Based on its type, the global smart card reader market is segmented into contactless-based, dual interface based, and Contact-based. On the basis of its application, the global smart card reader market is bifurcated into Identity Management, Payments, Ticketing, Security & Access Management, and Others.
Geographically, the global smart card reader market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
CHERRY, HP Inc., Advanced Card Systems Ltd., Square, Inc., Stanley Global LLC., Rocketek Electronics, PayPal Holdings, Inc., Identive Group, Gemalto NV, ID TECH, Verifone Systems Inc., IOGEAR, PAX Global Technology Limited, Ingenico Group, among others are some of the major players in the global smart card reader market.