Smart Card Market Competitve Landscape 2024-2033 – Major Players and Strategies

According to the new market research report on the "Smart Card Market by Communication (Contact and Contactless), Component (Hardware, Software, and Services), Application (BFSI, Government and Healthcare, Transportation, Retail, and Others) and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to reach USD 21.57 billion by 2023 from USD 14.22 billion in 2018, at a CAGR of 8.7% between 2018 and 2023.

Use of smart cards in the BFSI sector has also been rising, supported by the transition of magnetic cards to EuroPay, MasterCard, and Visa (EMV) standard (chip and PIN) cards.

In line with this, the use of contactless smart cards has gained remarkable consideration as electronic payment methods are rapidly replacing cash and carry operations.

Consulting, support, and maintenance services play a vital role in implementing smart card systems.

The transportation sector is operating in compliance with EMV, which is an open-standard specification for smart card payments.

EMV-based solutions are deployed in parking infrastructure to avoid fraud and complications.

The smart card market has been segmented based on communication, component, application, and geography.

In line with this, the use of contactless smart cards has gained remarkable consideration as electronic payment methods are rapidly replacing cash and carry operations.

However, factors such as initial costs associated with the deployment of contactless EPOS terminals and increasing adoption of mobile wallets are restraining the growth of the market.Ask for PDF:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=285The increasing adoption of biometric-enabled smart cards is expected to be a game changer for the smart card market over the coming years.Companies such as IDEMIA France SAS, Gemalto N.V., Ingenico Group SA, KONA I Co., Ltd. Fingerprint Cards AB, and ZWIPE AS have launched a range of bio-metric-enabled smart cards for various end-use applications.

Further, these companies are also exploring applications of block chain technology to transform the smart card market.A contactless smart card includes an embedded smart card, secure microcontroller or equivalent intelligence, internal memory, and a small antenna; it communicates with a reader through a contactless radio frequency (RF) interface.

Companies such as Gemalto N.V., Giesecke & Devrient GmbH, and IDEMIA France SAS are offering customized solutions using embedding contactless technology to their end users.Further, chip manufacturing players such as Infineon Technologies AG, NXP Semiconductors N.V., and Sony Corp. are offering new contactless enabled chips owing to their increased demand.

The BFSI and transportation sectors are expected to witness a high adoption of contactless smart cards in the coming years.Speak to Analyst:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=285The smart card market in the Rest of the World (RoW) comprises South America, and the Middle East and Africa (MEA).

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.

Smart Card Market 2021-2023New Study Reports " Smart Card Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of Smart Card Market using SWOT analysis i.e.

Strength, Weakness, Opportunities and Threat to the organization.

In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Smart Card industry.The global Smart Card is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report.

Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver's license.

One of the most important use cases of smart cards is in securing entry points to critical infrastructure facilities such as ports, hospitals, and airports.

On the contrary, the high costs associated with incorporation of smart cards and lack of awareness and hesitation on the part of consumers is likely to restrain the growth of the market.

Market OverviewThe global smart card market is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report.

Smart card technology is used in diverse applications and systems requiring smart, secure devices.The market for smart cards is growing on account of its surging usage in various applications such as mobile phones, payment transactions, online authentication devices, and portable medical records cards.

From student membership cards to driver's license, smart cards are being increasingly used for a broad spectrum of applications for verifying age, identity, and the associated access rights and benefits.The government sector is progressively leveraging smart cards to improve efficiency and transparency.

Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver's license.

Increasing use of smart cards by the financial payments industry is a key factor contributing to the market growth.

Earlier plastic cards were used for transactions, but now smart cards have been made the global standard for credit and debit cards by Europay, Mastercard, Visa since they ensure security.One of the most important use cases of smart cards is in securing entry points to critical infrastructure facilities such as ports, hospitals, and airports.

The latest trending report Global Smart Card Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.

The report will assist reader with better understanding and decision making.The Smart Card market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Smart Card market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.8%% in the forecast period of 2020 to 2025 and will expected to reach USD 10370 million by 2025, from USD 8603.7 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/14131-smart-card-market-analysis-reportThe major players covered in Smart Card are:GemaltoDatangMorpho (Safran)Giesecke & DevrientWuhan TianyuOberthur TechnologiesCPI Card GroupEastcompeaceVALIDKona IWatchdata Systems Co. LtdHengbaoBy Type, Smart Card market has been segmented intoContact CardsContactless CardsMemory CardsCPU/MPU Microprocessor Multifunction CardsBy Application, Smart Card has been segmented into:Secure identity applicationsHealthcare applicationsPayment applicationsTelecommunications applicationsThe report offers in-depth assessment of the growth and other aspects of the Smart Card market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.

)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Smart Card Market @ https://www.decisiondatabases.com/contact/download-sample-14131The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Smart Card product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Smart Card, with price, sales, revenue and global market share of Smart Card in 2018 and 2019.Chapter 3, the Smart Card competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Smart Card breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Smart Card market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Smart Card sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Smart Card Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-14131Other Reports by DecisionDatabases.com:Global Commercial Payment Cards Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global EMV Cards Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Sound Cards Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/