The market for smart cards is expected to develop rapidly, surpassing $22,262.7 million by 2031, with a consistent compound annual growth rate (CAGR) of 5.6% from 2021 to 2031. The market’s growth can be attributed to a number of factors, including smart cards’ increasing acceptance and popularity across a variety of industries, their extensive use in access control and personal identification applications, the growth of international mobile networks, improvements in infrastructure, and the COVID-19 pandemic’s acceleration of the demand for contactless payment solutions.
Due to their adaptability and capacity for secure information processing and storing, Smart Cards Market have become widely used. These cards have several uses in the banking, retail, healthcare, transportation, and government industries, among others. The use of smart cards is being driven by the growing demand for safe and dependable identity, authentication, and data storage solutions. Additionally, the increased use of smart cards in access control systems, which allows for safe entrance and improved security measures, is fostering market expansion.
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The increased demand for mobile services and seamless connectivity has led to a notable expansion of the world’s mobile network infrastructure in recent years. The ability to integrate smart cards into mobile devices has expanded because to these developments in infrastructure. Smart card technology’s integration into smartphones and wearables has transformed how people conduct transactions, access services, and store personal data, spurring industry expansion. Additionally, as consumers look for safer and more hygienic transaction options, the COVID-19 pandemic has accelerated the need for contactless payment solutions, encouraging the adoption of smart cards.
Key industry players are spending in R&D to introduce cutting-edge card technologies and broaden their product lines as the global smart card market continues to change. Please refer to the market research report on the global smart card industry for comprehensive insights and analyses.
Highlighted with 130 tables and 88 figures, this 207-page report “Global Smart Card Market 2021-2031 by Component (Hardware, Software, Services), Interface (Contact-based, Contactless, Dual, Hybrid), Card Type (Memory-based, MPU Microprocessor), Function (Transaction, Communication, Security & Access Control, Others), Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart card market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
View Report Scope and Latest Developments in the Market: https://www.marketwatch.com/press-release/global-smart-card-market-research-report-by-market-data-library-2032-share-size-trends-analysis-2023-06-02?mod=search_headline
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart card market in every aspect of the classification from perspectives of Component, Interface, Card Type, Function, Industry Vertical, and Region.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hardware
- Software
- Services
Based on Interface, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Contact-based Smart Cards
- Contactless Smart Cards
- Dual-interface Smart Cards
- Hybrid Smart Cards
By Card Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Memory-based Smart Cards
- MPU Microprocessor-based Smart Cards
By Function, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Transaction
- Communication
- Security & Access Control
- Other Functions
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- BFSI
- IT and Telecom
- Government
- Transportation
- Healthcare
- Retail Industry
- Education
- Other Industry Verticals
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Interface, Function, and Industry Vertical over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ABCorp (American Banknote Corporation)
Alioth LLC
Bundesdruckerei GmbH
CardLogix Corporation
CPI Card Group Inc.
Eastcompeace Technology Co., Ltd. (Potevio Group)
Fingerprint Cards AB
Gemalto NV (Thales Group)
Giesecke & Devrient GmbH (MC Familiengesellschaft mbH)
HID Global Corporation (Assa Abloy AB)
IDEMIA France SAS
Identiv, Inc.
Infineon Technologies AG
IntelCav
Inteligensa SA de CV
KONA I Co., Ltd.
NXP Semiconductors NV
Samsung Electronics Co., Ltd.
Secura Key
VISA Inc.
Watchdata Technologies
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