Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Smart Card Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The smart card market is expected to register a CAGR of 8% over the forecast period (2020 – 2025).
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Top Companies operating in the Global Smart Card market profiled in the report:– CardLogix Corporation, Watchdata Group, Thales Group (Gemalto NV), Giesecke & Devrient GmbH, HID Global Corporation, IDEMIA France SAS (Oberthur Technologies Finance SAS), Infineon Technologies AG, Rambus Inc., Samsung Electronics Co., Ltd., Sony Corporation
Scope of the Report
A smart card is a pocket-sized card, made of plastic, and embedded with integrated circuits, also known as microchips. They are used for security purposes like authentication, identification, data storage, and application processing. Smart Cards are widely used in sectors such as BFSI, Government, Transportation,and Healthcare. They can be broadly classified into two types: contact-based and contactless. Contactless smart cards are used by employing radio frequency between cards and a reader, that requires no physical insertion. Hence, contactless smart cards have faster applications and are much more user-friendly than contact-based smart cards
Key Market Trends
Extensive Use in Travel Identity and Transportation is Expected to Drive the Market
– The portability, exibility, and convenience of having just one smart card that could hold a range of tickets, other transport products, and third-party services (such as local authority city-card applications or some private-sector applications) have led to the city-based transport sectors across countries actively embracing the technology over the past few years.
– For instance, the State of Delhi in India in 2018 launched the common mobility smart card scheme for over 200 DTC and cluster buses, making the city the first in the country to have introduced such a facility.
– Around November 2018, it was announced that starting 2019, New Yorks Metropolitan Transit Authority will allow the riders to tap their credit or debit card at turnstiles to make payment. In line with this, the countrys largest banks, including American Express and Capital One made the transition to contactless cards that will work with these new systems. This transition made Visa predict a total of 100 million of its cards in the United States to be converted to contactless by the end of 2019.
Global Smart Card Market Split by Product Type and Applications:
Market Segment by Type, covers:
Market Segment by Applications, covers:
IT and Telecommunication
Regional Analysis For Smart Card Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Smart Card Market Report:
-Comprehensive assessment of all opportunities and risk in the Smart Card market.
-Smart Card market recent innovations and major events.
-Detailed study of business strategies for growth of the Smart Card market-leading players.
-Conclusive study about the growth plot of Smart Card market for forthcoming years.
-In-depth understanding of Smart Card market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Smart Card market.
Smart Card Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Card Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
MarketIntelligenceData provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketIntelligenceData provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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