The smart card is similar to a credit/debit card embedded with computer chips. The chip of card facilitates functionality to be added into the card which makes an ordinary, plastic card into SMART. The smart card reduces the amount of paperwork while improving storage capacity and record keeping process. The card also enables multiple transactions through one card by ensuring highly encrypted security.MARKET DYNAMICS
The smart card market is anticipated to grow rapidly in the forecast period owing to driving factors such as an increase in the use of contactless interfaces among users is driving the smart card marker. Also, with continuous globalization, demand for smart cards and e-passports is growing at a high pace which is responsible for driving the smart card market. Moreover, retail and e-commerce industry booming exponentially which would raise the demand for a smart card soon and thereby, is anticipated to provide large opportunities to the players operating in the smart card market.MARKET SCOPE
The "Global Smart Card Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the smart card market with detailed market segmentation by component, product, application, and geography. The global smart card market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart card market players and offers key trends and opportunities in the market.
The global smart card market is segmented on the basis of component, type, and application. Based component, the market is segmented into hardware, software, and services. On the basis of product, the smart card market is segmented into contact smart cards and contactless smart cards, and others. The smart card market on the basis of the application is classified into BFSI, transportation, public sector, healthcare, and retail, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart card market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart card market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart card market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the smart card in these regions.MARKET PLAYERS
The reports cover key developments in the smart card market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Smart card market are anticipated to lucrative growth opportunities in the future with the rising demand for smart card in the global market. Below mentioned is the list of few companies engaged in the smart card market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart card market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Atos SE
- CPI Card Group Inc.
- Gemalto NV
- Giesecke+Devrient GmbH
- Identiv, Inc.
- INSIDE SECURE ALL
- Newland Payment Technology
- Watchdata Technologies
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.