Global smart card market expected to reach approximately USD 25.26 billion by 2025, at a CAGR of 8.6% between 2019 and 2025. The rising demand for electronic payment methods is rapidly replacing cash transactions due to its secure and reliable operations.
Smart Card Market
The report covers a forecast and an analysis of the smart card market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the smart card market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart card market on a global level.
In order to give the users of this report a comprehensive view of the smart card market, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the smart card market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The global smart card market is segmented based on type, component, application, and region. The type segment is divided into contact and contact less. The component segment includes hardware, smart card, readers, software, and services. Application segment is sectored into BFSI, government, telecommunication, healthcare, hospitality, transportation, retail, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., France, UK, Germany, China, Japan, India, and Brazil, among others.
Some key participants of the global smart card market include Giesecke & Devrient GmbH, Infineon Technologies AG, Gemalto N.V., IDEMIA France SAS, NXP Semiconductors N.V., Sony Corporation, Samsung Electronics Co., Ltd, STMicroelectronics N.V., Beijing Watchdata Co. Ltd., KONA I Co., Ltd., and OT-Morpho.
This report segments the global smart card market as follows:
Global Smart Card Market: Type Analysis
Global Smart Card Market: Component Analysis
Global Smart Card Market: Application Analysis
Global Smart Card Market: Regional Analysis