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Market Research Future (MRFR), on the global smart card reader market, 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 Smart Card Reader Market.
Alongside, the convenience in making online payment is also aiding smart card reader in gaining popularity.
They offer an individual or businesses a secured and better payment options over traditional cash transactions.
These factors are likely to boost the smart card reader market.Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7659 Key Players 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.Segmental OutlineThe smart 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 Europay Mastercard Visa (EMV) chip segment accounted for 53.1% of the global market share.