Smart Cards Industrial and Market studies (Contact, Contactless, Dual-interface and Hybrid - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2023
"Smart
Cards Market (Contact, Contactless, Dual-interface and Hybrid)"
The Report covers current Market Trends, Worldwide Analysis, Global
Forecast, Review, Share, Size, Growth, Effect.
Description-
Smart
cards are IC-based cards that accumulate and retrieve information
using various computer systems. Smart cards consist of central
processing units and memory units. Smart cards primarily act as a
cost-effective way to store, manage, and maintain credentials for
their users. This makes these products highly convenient for
different applications. In addition, the portability of smart cards
enables their extensive adoption across different applications.
Currently, smart cards are widely used across sectors such as
telecommunications, BFSI, and government. Due to the numerous
advantages they offer, smart cards are increasingly used in the
healthcare, government IDs (e-passports), and retail sectors. Thus,
strong ongoing adoption of smart cards across different sectors is
estimated to substantially spur the market’s growth in the coming
years.
The
research study titled “Smart Cards Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast,
2016 - 2023” provides in-depth analysis of the market and
related sub-segments. The report strategically focuses on market
segments including different types of smart cards and components. In
addition, this report provides market insights and forecasts of the
size and growth of each segment across each of the geographic
regions. The report includes detailed analysis of prevalent market
trends and profiles of key players. In order to provide better
understanding of competition in the market, the report offers
ecosystem analysis and competitive landscape. The study on the global
smart cards market has been conducted with the objective of providing
thorough coverage of the underlying technological and socio-economic
factors driving the market.
The smart cards market is expected to see
consistent growth in the coming years due to the increasing demand
for secure and reliable payment transactions across the retail and
BFSI sectors. Moreover, cost-saving schemes for merchants from
payments brands such as Visa, MasterCard, and Europay is driving the
smart card technology innovations. The decreasing prices of
subscriber identification module (SIM) cards and tariff rates are
increasing the number of mobile subscribers, and thus further
contributing to the growth of the smart cards market. However,
factors such as price pressures and technological challenges along
with the cost of migrating to smartcard compatible readers affect the
adoption of smartcards. Conversely, technological advancements,
falling prices, and the introduction of high-end SIMs offer potential
opportunities for the growth of the smart cards market.
This report studies the current scenario as well
as the future market potential for smart cards globally. The market
for smart cards has been segmented based on three major parameters:
card type, components, and geography. The major types of smart cards
used are contact smart cards, contactless smart cards, hybrid smart
cards, and dual-interface smart cards. On the basis of components,
the smart cards market is segmented into microcontroller-based smart
cards and memory-based smart cards. The demand for
microcontroller-based smart cards is significantly high owing to the
wide adoption of such cards for contactless and dual-interface smart
cards. The market size and forecast, in terms of revenue and volume
(US$ Mn & Mn units), for each of these segments has been provided
for the period from 2013 to 2023, considering 2013 and 2014 as the
base years. For 2015, report provides actual data for the first half
and estimate for the second half. Also, the report provides market
size and forecast in terms of volume (Mn Units) for various segments
for the above mentioned period. The report also provides the
compounded annual growth rate (CAGR) for each segment of the market
for the forecast period 2016 to 2023.
Geographically, the market for global smart cards
has been segmented into four regions: North America, Europe, Asia
Pacific, and Rest of the World. The report also provides a
competitive landscape, wherein the market share analysis of leading
players in the global smart cards market for the year 2014, in terms
of value percentage, has been discussed. The report concludes with
the company profiles section, which provides an overview of the major
companies operating in the market including strategies deployed by
them to gain competitive advantage, annual revenue generated by them
in the past two years, and key developments in the market. The
companies profiled in this report include the American Express
Company, Atos SE, NXP Semiconductors NV, Infineon Technologies AG,
Gemalto NV, INSIDE Secure, Giesecke & Devrient (G&D) GmbH,
and Texas Instruments, Inc.
The global smart cards market is
categorized into the following segments:
Smart Cards Market, by Type
- Contact Smart Cards
- Contactless Smart Cards
- Hybrid Smart Cards
- Dual-interface Smart Cards
Smart Cards Market, by Component
- Microcontroller
- Memory Card
Smart Cards Market, by Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
- Latin America
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