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Smart Cards Market Contact, Contactless, Dual-interface and Hybrid - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2023

Smart Cards Industry in Contact, Contactless, Dual-interface and Hybrid - Global: Forecasts to 2023

  • January 2016
  • 142 pages
  • ID: 4000059
In this report:
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.
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.

Summary

Table of Contents

Smart cards are IC-based cards that accumulate and retrieve info using several 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 various applications. Additionally, the portability of clever cards enables their comprehensive adoption across distinct applications. Currently, clever cards are widely used across sectors including telecommunications, BFSI, and government. Due to the many advantages they offer, clever cards are increasingly used in the healthcare, government IDs, and retail sectors. Therefore, strong ongoing adoption of clever cards across various sectors is projected to substantially spur the market's growth in the next years.

The business research study titled "Smart Cards Market - Global Industry Analysis, Size, Share, Increase, Forecasts and Estimate, 2016 - 2023" offers detailed study of the segment and related sub-segments. The study strategically focuses on market segments containing distinct types of clever cards and components. Moreover, this business report offers market insights and forecasts of the size and growth of each segment across each of the geographic regions. The analysis includes in-depth analysis of recurrent market trends and profiles of top players. In order to offer superior understanding of competition in the sector, the market research affords ecosystem analysis and opposing landscape. The market research on the overall clever cards market has been conducted with the objective of providing thorough coverage of the underlying technological and socio-economic factors driving the industry.

The clever cards market is forecast to see consistent growth in the next years due to the growing demand for secure and reliable payment transactions across the retail and BFSI sectors. Furthermore, cost-saving schemes for merchants from payments brands including Visa, MasterCard, and Europay is driving the clever card technology innovations. The decreasing prices of subscriber identification module cards and tariff rates are rising the number of mobile subscribers, and thus farther contributing to the growth of the clever cards market. Nevertheless, factors including price pressures and technological challenges together 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 plausible opportunities for the growth of the clever cards market.

This report studies the current scenario as well as the future market potential for clever cards globally. The sector for clever cards has been divided on the basis of three main parameters: card type, components, and area. The main types of clever cards used are contact clever cards, contactless clever cards, hybrid clever cards, and dual-interface clever cards. Based on components, the clever cards market is divided into microcontroller-based clever cards and memory-based clever cards. The industry demand for microcontroller-based clever cards is significantly high owing to the wide adoption of such cards for contactless and dual-interface clever cards. The market value and estimate, in terms of income and quantity, for each of these segments has been provided for the time span from 2013 to 2023, considering 2013 and 2014 as the base years. For 2015, report offers actual data for the first half and estimate for the second half. Also, the industry report offers market value and estimate in terms of quantity for different segments for the above mentioned period. The study also offers the compounded annual increase rate for each segment of the market for the forecast period 2016 to 2023.

Geographically, the industry for overall clever cards has been broken down into four regions: North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe. The analysis also offers a challenging landscape, wherein the market share analysis of leading players in the overall clever cards market for the year 2014, in terms of value percentage, has been discussed. The market research closes with the company profiles section, which offers an overview of the main companies operating in the market including strategies deployed by them to gain ambitious advantage, annual revenue generated by them in the past two years, and main developments in the sector. The firms decribed in this industry report contain the American Express Company, Atos SE, NXP Semiconductors NV, Infineon Technologies AG, Gemalto NV, INSIDE Secure, Giesecke & Devrient GmbH, and Texas Instruments, Incorporated

The overall clever cards market is classified into the following segments:

Smart Cards Market, by category

North America (NA)

Europe (EU)

Asia-Pac

African region & Middle East

Latin America

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