EMV® is a trademark established in 1999 which refer to all the specification administered by EMVCo. The company facilitates interoperability and acceptance of secure payment transactions globally and accomplishes this by managing and evolving the EMV® Specifications and related testing processes. The EMVCo is overseen by six-member organization which include American Express, Mastercard, JCB, Discover, UnionPay, and Visa, the organization is further supported by merchants, banks, vendors, among the other stake holders of EMVCo organization.
EMV chip is installed in a card with already set standards meant for debit and credit cards for the proper authentication of chip card transaction. The boosting demand of contactless interfaces for the adoption of smart cards, rising IoT applications, and bolstering advanced technology are some of the major drivers of the EMV chip market to grow in the forecast period.
The growing acceptance of mobile wallets reduce the demand for EMV chip cards, and lack of consumer awareness and standardization some of the factors which may hamper the EMV chip market. However, the mounting technological advancement, growth in need for better security standards, and mounting cashless transactions are creating various opportunities which will increase the demand of EMV chip in the forecast period.
The "Global EMV Chip Market Analysis to 2025" is a specialized and in-depth study of the EMV chip industry with a focus on the global market trend. The report aims to provide an overview of global EMV chip market with detailed market segmentation by type, material type, and geography. The global EMV chip market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the EMV chip market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global EMV chip market based on type, and material type. It also provides market size and forecast till 2025 for overall EMV chip market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The EMV chip market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting the EMV chip market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key EMV chip market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the EMV chip market are Cardzgroup, ABCORP, Gemalto, CPI Card Group, Giesecke & Devrient, Oberthur Technologies, Perfect Plastic Printing, Versatile Card Technology, Morpho, and Toppan Printing Co., Ltd. among others.