Contactless Readers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Contactless Readers Market is anticipated to grow at a significant CAGR during the forecast period. Growing demand for reliable and secure contactless payment options across several end-user industries is anticipated to be a prime factor that will drive the growth of the contactless smart bank card market over the forecast period. Moreover, contactless smart cards reduce fraud, enhance security and allow utilization of value-added services by consumers. 

Scope of the Report

The research study analyzes the Contactless Readers Market from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Market Segmentation 

By Reader:

Card-based Readers

• Magnetic Stripe Readers
• Proximity Card Readers (125 kHz)
• Smart Card Readers (13.6 MHz)

Biometric Readers

• Fingerprint Recognition
• Palm Recognition
• Iris Recognition
• Face Recognition
• Vein Recognition
• Voice Recognition

Multi-technology Readers

By Smart Card Technology Type:

• iCLASS
• MIFARE
• DESFire
• LEGIC Advant
• Others (Seos and Wiegand technologies) 

By Vertical:

• Commercial
• Government
• Residential

Key players include:

• Square
• Shopify
• PayAnywhere
• PayPal Here
• Advanced Card Systems
• SumUp
• Honeywell
• Ingenico
• Magtek
• Verifone

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Contactless Readers Market Report

• What was the Contactless Readers Market size in 2021 and 2022; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Contactless Readers Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Contactless Readers Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.