Smart Card Market

Category : Information & Communication Technology Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 280

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Smart Card Market Overview

The report is titled as' ‘Smart Card Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the smart card market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The smart card market is expected to grow at a significant rate in the near future.

The global smart card market is estimated to reach at a value of US$ 11.4 Bn by the end of 2020 and expected to reach at a value of US$ 24.9 Bn by 2028 with a significant CAGR of 10.3%

Smart Card Introduction

Smart cards have evolved expeditiously in the past few years. The smart card is very much alike to a debit/credit card installed with computer chips. The installed integrated circuit chip that is also known as an integrated circuit card or ICC, can either be a self-assertive microcontroller or corresponding intelligence with built-in memory or just a memory chip separately. A smart card gets linked to the reader only when it's straightaway physically engaged or with the help of an outlying contactless radio-frequency interlace. With an installed microcontroller, smart cards have the colloquial potential to pile up massive amounts of data or information, carrying out their specific on-card operations such as- collaborative authentication, encoding and communicating ingeniously with the smart card reader.

The advanced smart card technology synchronizes with the international market standards and principles (ISO/IEC 7816 & ISO/IEC 14443) and is prevailing in a huge number of forms such as- SIMs (subscriber identity modules) occupied in GSM cell phones, USB based tokens, plastic cards, fobs, and many others. Initially put forward in Europe approximately a couple of decades ago, smart cards entered as an accumulating value tool for payphones to slim down the incidences of theft. As other chip-based plastic cards along with smart cards progressed, people discovered fresh ways to make use of them, comprising charge cards for credit buying and for keeping records in lieu of paper. Attributing to which, the smart chip technology or smart card is rapidly becoming run-of-the-mill in the present day’s culture and our daily lives.

Smart Card Market Dynamics

Pretty much everything which can be found in an individual’s wallet has the capacity to be kept and preserved in a smart card, in particular with respect to a driving license, credit cards and bank accounts, and other essential insurance information. Attributing to which, there are predictions that sooner or later all plastic cards will be blended and amalgamated into one all-inclusive, common access card or multi-functional smart card. The employment of smart cards into several different end-use verticals all around the world, including banking, financial services and insurance (BFSI), retail, transportation, and many more worldwide, in order to expedite seamless and secure payment processes, is one of the major factors that is driving the growth of the global smart card market.

In addition, the smart card is a compressed pocket-sized plastic card with an advanced circuit chip embedded in it, comprising huge potential for authentication, application processing, personal identification, and data storage, which further helps in gaining immense traction in the global markets in the present times. Owing to which, the global smart card market is projected to flourish and prosper rapidly in the forthcoming years. By the same token, the smart cards are highly reliable, convenient and secure for users to carry out any transaction in comparison to other machine-readable cards, such as magnetic-stripe and bar-code along with much lower cost for system maintenance.

In addition to that, there is an elevated growth in the usage of contactless interfaces among users worldwide, which is estimated to help accelerate the demand of smart cards in the global markets. All such factors are expected to propel the growth of the global smart card market in the years to come.

In other respects, the e-commerce and retail industry is thriving at an exponential rate in the present times, which is further projected to play a positive role in escalating the demand for smart cards among users at the global level, thereby boosting the growth of the global smart card market in the near future. Other than that, the rapid advancements in micro-embedded electronics and associated technology along with the increasing adoption of the Internet of Things (IoT) across the world are also estimated to give numerous breakthroughs to the growth of the global market of smart cards over the forecast period.

However, few factors like service denials, disrupted operations, communication links, and furtive transactions and dual modes may act as a challenging factor for further growth of the global contactless smart card market, potentially confining future market growth. Furthermore, the expensive cost of installation of EPOS terminals might be affordable for large businesses and merchants but it might be money-exhaustive for small and medium vendors and merchants, which is further likely to restrict the growth of the global smart card industry in the coming years.

Smart Card Market Segmentation

The global smart cards market is segmented on the basis of communication, component, application, and regions. On the basis of communication, the smart card market is segmented into contact and contactless. On the basis of components, the market is categorized into Hardware, Smart Cards, Readers, Software, Services. Further, the smart card market is segmented on the basis of application into Banking, Financial Services, and Insurance (BFSI), Government and Healthcare, Transportation, Retail, and Others (Enterprises, Entertainment, and Education).

The research report classifies the global smart card market based on communication, component, application, and regions.

By Communication

Contact

Contactless

By Component

Hardware

Smart Cards

Readers

Software

Services

By Application

Banking, Financial Services, and Insurance (BFSI)

Government and Healthcare

Transportation

Retail

Others (Enterprises, Entertainment, and Education)

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Smart Card Market Key Players

The global smart card market is dominated by Gemalto N.V, Giesecke & Devrient Gmbh (G+D), Idemia, Infineon Technologies AG, NXP Semiconductors N.V., Sony, Samsung Electronics, HID Global Corporation, STMicroelectronics N.V., Ingenico Group SA, VeriFone Systems Inc., Beijing watchdata Co. Ltd., among others.

MMC Overview on Smart Card Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the smart card market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of smart card

Advantages of smart card

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.


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1.    Global Smart Card Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Smart Card Market Overview

2.1.    Introduction

2.1.1.    Introduction

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Smart Card Market Snapshot

2.4.    Global Smart Card Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Smart Card Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Smart Card Assessment and Analysis

3.1.    Smart Card Impact Analysis 

3.2.    Actions to encourage use of Smart Card

3.3.    Smart Card Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Smart Card Market

4.1.    Impact Analysis of Covid-19 on the global Smart Card market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Volatility In Price 

4.5.    Effect On The Overall Trade 

4.6.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Smart Card Market, By Communication

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Communication

5.1.2.    BPS Analysis, By Communication

5.2.    Market Revenue (US$Mn) and Forecast, By Communication

5.2.1.    Contact

5.2.2.    Contactless

5.3.    Global Smart Card Market Attractiveness Index, By Communication

6.    Global Smart Card Market, By Component 

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Component 

6.1.2.    BPS Analysis, By Component 

6.2.    Market Revenue (US$Mn) and Forecast, By Component 

6.2.1.    Hardware

6.2.2.    Smart Cards

6.2.3.    Readers

6.2.4.    Software

6.2.5.    Services

6.3.    Global Smart Card Market Attractiveness Index, By Component 

7.    Global Smart Card Market, By Application

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Application

7.1.2.    BPS Analysis, By Application

7.2.    Market Revenue (US$Mn) and Forecast, By Application

7.2.1.    Banking, Financial Services, and Insurance (BFSI)

7.2.2.    Government and Healthcare

7.2.3.    Transportation

7.2.4.    Retail

7.2.5.    Others (Enterprises, Entertainment, and Education)

7.3.    Global Smart Card Market Attractiveness Index, By Application

8.    Global Smart Card Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Smart Card Market Attractiveness Index, By Region

9.    North America Smart Card Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. Smart Card Market

9.2.2.    Canada Smart Card Market

9.3.    North America Smart Card Market Revenue (US$Mn) and Forecast, By Communication

9.3.1.    Contact

9.3.2.    Contactless

9.4.    North America Smart Card Market Revenue (US$Mn) and Forecast, By Component 

9.4.1.    Hardware

9.4.2.    Smart Cards

9.4.3.    Readers

9.4.4.    Software

9.4.5.    Services

9.5.    North America Smart Card Market Revenue (US$Mn) and Forecast, By Application

9.5.1.    Banking, Financial Services, and Insurance (BFSI)

9.5.2.    Government and Healthcare

9.5.3.    Transportation

9.5.4.    Retail

9.5.5.    Others (Enterprises, Entertainment, and Education)

9.6.    North America Smart Card Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Communication

9.6.3.    By Component 

9.6.4.    By Application

10.    Latin America Smart Card Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Smart Card Market

10.2.2.    Mexico Smart Card Market

10.2.3.    Rest Of Latin America Smart Card Market

10.3.    Latin America Smart Card Market Revenue (US$Mn) and Forecast, By Communication

10.3.1.    Contact

10.3.2.    Contactless

10.4.    Latin America Smart Card Market Revenue (US$Mn) and Forecast, By Component 

10.4.1.    Hardware

10.4.2.    Smart Cards

10.4.3.    Readers

10.4.4.    Software

10.4.5.    Services

10.5.    Latin America Smart Card Market Revenue (US$Mn) and Forecast, By Application

10.5.1.    Banking, Financial Services, and Insurance (BFSI)

10.5.2.    Government and Healthcare

10.5.3.    Transportation

10.5.4.    Retail

10.5.5.    Others (Enterprises, Entertainment, and Education)

10.6.    Latin America Smart Card Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Communication

10.6.3.    By Component 

10.6.4.    By Application

11.    Europe Smart Card Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Smart Card Market

11.2.2.    Germany Smart Card Market

11.2.3.    Italy Smart Card Market

11.2.4.    France Smart Card Market

11.2.5.    Spain Smart Card Market

11.2.6.    Russia Smart Card Market

11.2.7.    Rest Of Europe Smart Card Market

11.3.    Europe Smart Card Market Revenue (US$Mn) and Forecast, By Communication

11.3.1.    Contact

11.3.2.    Contactless

11.4.    Europe Smart Card Market Revenue (US$Mn) and Forecast, By Component 

11.4.1.    Hardware

11.4.2.    Smart Cards

11.4.3.    Readers

11.4.4.    Software

11.4.5.    Services

11.5.    Europe Smart Card Market Revenue (US$Mn) and Forecast, By Application

11.5.1.    Banking, Financial Services, and Insurance (BFSI)

11.5.2.    Government and Healthcare

11.5.3.    Transportation

11.5.4.    Retail

11.5.5.    Others (Enterprises, Entertainment, and Education)

11.6.    Europe Smart Card Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Communication

11.6.3.    By Component 

11.6.4.    By Application

12.    Asia Pacific Smart Card Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Smart Card Market

12.2.2.    India Smart Card Market

12.2.3.    Japan Smart Card Market

12.2.4.    Australia and New Zealand Smart Card Market

12.2.5.    South Korea Smart Card Market

12.2.6.    Rest of Asia Pacific Smart Card Market

12.3.    Asia Pacific Smart Card Market Revenue (US$Mn) and Forecast, By Communication

12.3.1.    Contact

12.3.2.    Contactless

12.4.    Asia Pacific Smart Card Market Revenue (US$Mn) and Forecast, By Component 

12.4.1.    Hardware

12.4.2.    Smart Cards

12.4.3.    Readers

12.4.4.    Software

12.4.5.    Services

12.5.    Asia Pacific Smart Card Market Revenue (US$Mn) and Forecast, By Application

12.5.1.    Banking, Financial Services, and Insurance (BFSI)

12.5.2.    Government and Healthcare

12.5.3.    Transportation

12.5.4.    Retail

12.5.5.    Others (Enterprises, Entertainment, and Education)

12.6.    Asia Pacific Smart Card Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Communication

12.6.3.    By Component 

12.6.4.    By Application

13.    Middle East Smart Card Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Smart Card Market

13.2.2.    Israel Smart Card Market

13.2.3.    Rest Of Middle East Smart Card Market

13.3.    Middle East erica Smart Card Market Revenue (US$Mn) and Forecast, By Communication

13.3.1.    Contact

13.3.2.    Contactless

13.4.    Middle East Smart Card Market Revenue (US$Mn) and Forecast, By Component 

13.4.1.    Hardware

13.4.2.    Smart Cards

13.4.3.    Readers

13.4.4.    Software

13.4.5.    Services

13.5.    Middle East Smart Card Market Revenue (US$Mn) and Forecast, By Application

13.5.1.    Banking, Financial Services, and Insurance (BFSI)

13.5.2.    Government and Healthcare

13.5.3.    Transportation

13.5.4.    Retail

13.5.5.    Others (Enterprises, Entertainment, and Education)

13.6.    Middle East Smart Card Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Communication

13.6.3.    By Component 

13.6.4.    By Application

14.    Africa Smart Card Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries Smart Card Market

14.2.2.    Egypt Smart Card Market

14.2.3.    North Africa Smart Card Market

14.2.4.    Rest of Africa Smart Card Market

14.3.    Africa Smart Card Market Revenue (US$Mn) and Forecast, By Communication

14.3.1.    Contact

14.3.2.    Contactless

14.4.    Africa Smart Card Market Revenue (US$Mn) and Forecast, By Component 

14.4.1.    Hardware

14.4.2.    Smart Cards

14.4.3.    Readers

14.4.4.    Software

14.4.5.    Services

14.5.    Africa Smart Card Market Revenue (US$Mn) and Forecast, By Application

14.5.1.    Banking, Financial Services, and Insurance (BFSI)

14.5.2.    Government and Healthcare

14.5.3.    Transportation

14.5.4.    Retail

14.5.5.    Others (Enterprises, Entertainment, and Education)

14.6.    Africa Smart Card Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Communication

14.6.3.    By Component 

14.6.4.    By Application

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    Gemalto N.V.

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Gemalto N.V.

15.1.3.    Giesecke & Devrient Gmbh (G+D)

15.1.4.    Idemia

15.1.5.    Infineon Technologies AG

15.1.6.    NXP Semiconductors N.V.

15.1.7.    Sony, Samsung Electronics

15.1.8.    HID Global Corporation

15.1.9.    STMicroelectronics N.V.

15.1.10.    Ingenico Group SA

15.1.11.    VeriFone Systems Inc.

16.    Acronyms

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Frequently Asked Questions

The global smart card market is estimated to reach at a value of US$ 11.4 Bn by the end of 2020 and expected to reach at a value of US$ 24.9 Bn by 2028 with a significant CAGR of 10.3%

Increasing demand of secure payment processes and growth in the usage of contactless interfaces among users worldwide are some of the major factors which are expected to fuel the growth of the market

The global smart card market is segmented on the basis of communication, component, application, and regions.

The global smart card market is dominated by Gemalto N.V, Giesecke & Devrient Gmbh (G+D), Idemia, Infineon Technologies AG, NXP Semiconductors N.V., Sony, Samsung Electronics, HID Global Corporation, STMicroelectronics N.V., Ingenico Group SA, VeriFone Systems Inc., Beijing watchdata Co. Ltd.