The "Global Smart Card Market (2021-2026) by Type, Interface, Functionality, Access control, Offering, Component, Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Card Market is estimated to be USD 14.4 Bn in 2020 and is expected to reach USD 18.6 Bn by 2025, growing at a CAGR of 5.3%.
Companies Mentioned
- Thales Group
- IDEMIA
- Giesecke + Devrient GmBH
- CPI Card Group
- HID Global Corporation
- Watchdata Group
- Eastcompeace Smart Card Co., Ltd.
- Inteligensa Group
- ABCorp
- CardLogix Corporation
- American Express Company
- Atos SE
- CPI Card Group
- Infineon Technologies AG
- Verimatrix
- NXP Semiconductors NV
- Texas Instruments, Inc
- BrilliantTS
- Identiv Inc.
- Newland Payment Technology
- Rambus Incorporated
- BC Card
- Sony Corporation
- Samsung Electronics Co., Ltd
- STMicroelectronics N.V.
- Watchdata Co. Ltd.
- KONA I Co., Ltd
Some of the factors driving the smart card market are surge demand for contactless payments amid covid 19 due to limited contact & social distancing and the advent of multifunction smart cards which made it convenient to access & store valuable data. The widespread application of smart cards in the retail, healthcare, hospitality, and government sector are mostly driving the global smart card.
New modes of users' information security enabled by blockchain will help banks and another ecosystem, thereby reducing instance cyber thefts. Technological advancements continuously happening in the smart card market propel market growth. Conversion of conventional debit and credit cards into smart cards has made payment and financial transactions easier and more convenient for users.
However, the high infrastructure cost is one of the major factors restraining market growth and security and data theft concerns. Also, this market can face challenges such as the rising proliferation of digital identity cards that make it possible to skip-based paper-based approaches for identification but still it's not easily available.
The Global Smart Card Market is segmented further based on Type, Interface, Functionality, Access control, Offering, Component, Vertical, and Geography.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Smart Card Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using a Competitive Quadrant, the analyst's proprietary competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 A surge in Demand for Contactless Payments
4.2.1.2 The advent of Multifunction Smart Card
4.2.1.3 Easy and Convenient for Users
4.2.1.4 Widespread Applications of Smart Cards
4.2.2 Restraints
4.2.2.1 High Infrastructure Cost Along with Security & Data Theft Concerns
4.2.2.2 The emergence of Mobile Wallets
4.2.3 Opportunities
4.2.3.1 New Mode of Information Security of Users Enabled by Blockchain
4.2.3.2 Technological Advancements such as Smart Cities and IoT
4.2.3.3 Adoption of Smart Cards in Developing Countries
4.2.4 Challenges
4.2.4.1 Risen Proliferation of Digital Identify Cards
4.2.4.2 Lack of Standardization and Increased Security concerns
4.3 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Smart Card Market, By Type
7 Global Smart Card Market, By Interface Type
8 Global Smart Card Market, By Functionality Type
9 Global Smart Card Market, By Offering Type
10 Global Smart Card Market, By Component Type
11 Global Smart Card Market, By Vertical
12 Global Smart Card Market, By Geography
13 Competitive Landscape
13.1 IGR Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/bhvj5q
View source version on businesswire.com: https://www.businesswire.com/news/home/20220110005594/en/
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