Smart Card Market 2021-2027
New Study Reports " Smart Cards Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
This published report for the Smart Cards Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Smart Cards Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the Smart Cards Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2027.
Drivers & Constraints
The Smart Cards Market introduces the building blocks of the report with the influence of market dynamics and functioning and a need to understand customer behavior. The increase and decrease in the product/service budget also play an important role in predicting the future growth of the Smart Cards Market. Besides, the high deployment cost of product/service, and other restraints are also pointed out in the report. The Smart Cards Market report also studies the value, volume trends and pricing history of the market so that the pattern and layout are also evaluated for the advanced study of the market over the forecast period.
The Smartphone Market is expected to grow from USD 11 billion in 2018 to USD 16 Billion by 2026, at a CAGR of 6.4%, during the forecast period.
The global Smart Card is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report. Smart cards are secure portable storage devices that have microprocessor or memory chip embedded in them. 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. Numerous countries have introduced electronic national ID card schemes which are likely to propel the growth of the market over the forecast period. 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. Moreover, smart cards are extensively used in the corporate sector for physical access control system (PACS) and in logical access cards which also contributes to the growth of the market. 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. Availability of hybrid smart cards is expected to provide lucrative growth opportunities to the global smart cards market.
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Key Players
The report has profiled some of the Important players prevalent in the global like – BrilliantTS Co. Ltd. (South Korea), PAX Global Technology Ltd. (Hong Kong), Rambus Inc. (the U.S.), STMicroelectronics NV (Switzerland), IDEMIA France SAS (France), VALID (Brazil), KONA I Co., Ltd. (South Korea), Fingerprint Cards AB (Sweden), HID Global Corporation (Sweden), Identiv, Inc. (the U.S.), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), Bitel Co. Ltd. (South Korea), VeriFone Systems, Inc. (the U.S.), NXP Semiconductors N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), Sony Corporation (Japan), ZWIPE (Norway), CardLogix Corporation (the U.S.), Samsung Electronics Co., Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Versasec AB (Sweden), CPI Card Group Inc. (the U.S.), Infineon Technologies AG (Germany), and Gemalto N.V. (Netherlands). and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Card.
Segmentation
The global smart cards market has been segmented based on type, component, and application.
By type, the market has been segmented into contact, contactless, hybrid, and dual-interface.
By component, the market has been segmented into hardware, smart cards, readers, software, and services.
By application, the market has been segmented into government, healthcare, BFSI, retail, transportation, education, entertainment, and enterprises.
Regional Analysis
The key markets of the global smart cards market include North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is a significant growth pocket for the global smart cards market. The rapid adoption of new technology, the concentration of major players in the region supports the growth of the market. The US Department of Defense uses smart cards in their Common Access Card (CAC) and other cards for two- or three-factor authentication. The Europe market for smart cards is also strong, and the region uses smart cards for various applications. Smart cards are mandated by UK's Department for Transport. Asia Pacific market is driven by the rapid digitization in the region.
Key Stakeholders
Smart Card Market Manufacturers
Smart Card Market Distributors/Traders/Wholesalers
Smart Card Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/upcoming-reports/smart-cards-market-6499
Major Important Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global Smart Card Market, By Component
6 Global Smart Card Market, by Technology
7 Global Smart Card Market, by Application
8 Global Smart Card Market, By Industry
9 Global Smart Card Market, By Region
10 Competitive Landscape
And more
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