chip card reader market
chip card reader market By Type (Contact-Based, Contactless-Based and Dual Interface Based) Bye Technology (Europay MasterCard Visa (EMV) Chip, Near Field Communication (NFC) and Other), By Application (Payments, Identity Management, Security & Access Management, Ticketing and Others) and Region - Forecast Till 2024
chip card reader market By Type (Contact-Based, Contactless-Based and Dual Interface Based) Bye Technology (Europay MasterCard Visa (EMV) Chip, Near Field Communication (NFC) and Other), By Application (Payments, Identity Management, Security & Access Management, Ticketing and Others) and Region - Forecast Till 2024
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chip card reader market Forecast To 2024
chip 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 chip 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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