Market Overview:
The global banking and payment smart cards market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contactless smart cards, rising adoption of mobile payments, and growing need for information security. Based on type, the global banking and payment smart cards market is segmented into contact-based smart cards and contactless smart cards. The contact-based Smart Cards segment is further sub-segmented into magnetic stripe card, chip card, and EMV card. The Contactless Smart Cards segment is further sub-segmented into proximity card and remote card.
Product Definition:
Banking and Payment Smart Cards are physical or virtual cards that allow users to access their bank accounts and make payments. These cards provide a more secure and convenient way to manage finances, as they can be used for a variety of transactions both in person and online. Banking and Payment Smart Cards can also offer enhanced security features, such as PINs or fingerprints, which can help protect user information.
Contact-based Smart Cards:
Contactless smart cards are electronic cards that use radio frequency identification technology to communicate with the reader without physical contact. They offer several benefits such as high levels of security and efficiency over traditional magnetic-stripe or chip card technologies. The major driving factors for the growth of contactless smart cards include increasing adoption in emerging economies, rising consumer preference for cashless payments, and government mandates pertaining to digitalization in various countries across Europe and Asia Pacific regions.
Contactless Smart Cards:
Smart cards are a series of plastic or electronic cards that contain an integrated circuit and can be used for secure identification and data transmission. The major applications of smart cards include banknotes, ID recognition, transportation tickets, access control systems, mobile phones (pre-paid & post-paid), SIM card authentication and others.
Application Insights:
The financial applications segment accounted for the largest market share in 2017 and is projected to grow at a rapid pace over the forecast period. The growing adoption of these cards in payment systems, such as ATM, credit card processing, e-commerce and others has led to their increased usage in banking transactions. Furthermore, increasing demand for mobile payments using these cards is further driving the growth of this application segment.
The government programs segment was valued at USD 1.5 billion in 2017 owing to an increase in government initiatives related to smart city development along with an increase in spending on public transportation systems and other infrastructure projects that use contactless technology.
Regional Analysis:
The North American regional market dominated the global banking and payment smart cards industry in 2016. The growth can be attributed to the presence of a large number of contact-based and contactless smart card users in the region. The U.S., being a developed economy, has witnessed high adoption of these cards for making payments at various stages, such as online shopping, ATMs/cash machines (ATM), POS terminals, airline ticketing systems, government services among others since they provide convenience to consumers while saving time and effort.
Asia Pacific is expected to emerge as one of the fastest-growing regions over the forecast period owing to increasing demand for electronic money across several countries including China & Japan; India; Australia; Singapore; Thailand among others which are anticipated to drive demand for banking & payment applications on smart cards over next eight years or more.
Growth Factors:
- Increasing demand for contactless cards and mobile payments
- Proliferation of digital banking channels and services
- Rising demand for value-added services such as loyalty programs, rewards, and couponing
- Growing use of smart cards in government ID programs
- Increasing number of card-based transactions in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Banking and Payment Smart Cards Market Research Report
By Type
Contact-based Smart Cards, Contactless Smart Cards
By Application
Financial Applications, Communications Applications, Government Programs, Information Security, Physical Access Control, Transportation, Retail and Loyalty, Healthcare, Student Identification
By Companies
Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, ARM Holdings, Atmel, DataCard, Infineon Technologies, MasterCard, Visa, Banking and Payment Smart Cards, Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Banking and Payment Smart Cards Market Report Segments:
The global Banking and Payment Smart Cards market is segmented on the basis of:
Types
Contact-based Smart Cards, Contactless Smart Cards
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial Applications, Communications Applications, Government Programs, Information Security, Physical Access Control, Transportation, Retail and Loyalty, Healthcare, Student Identification
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gemalto
- Giesecke & Devrient
- Morpho
- Oberthur Technologies
- American Express
- ARM Holdings
- Atmel
- DataCard
- Infineon Technologies
- MasterCard
- Visa
- Banking and Payment Smart Cards
- Electronics
Highlights of The Banking and Payment Smart Cards Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Contact-based Smart Cards
- Contactless Smart Cards
- By Application:
- Financial Applications
- Communications Applications
- Government Programs
- Information Security
- Physical Access Control
- Transportation
- Retail and Loyalty
- Healthcare
- Student Identification
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Banking and Payment Smart Cards Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Banking and payment smart cards are contactless cards that allow customers to make payments at participating merchants. The card has a microchip that stores the customer's account number, expiration date, and security code. When the customer makes a purchase, the merchant reads the chip and authorizes the transaction.
Some of the key players operating in the banking and payment smart cards market are Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, ARM Holdings, Atmel, DataCard, Infineon Technologies, MasterCard, Visa, Banking and Payment Smart Cards, Electronics.
The banking and payment smart cards market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Banking and Payment Smart Cards Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Banking and Payment Smart Cards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Banking and Payment Smart Cards Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Banking and Payment Smart Cards Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Banking and Payment Smart Cards Market Size & Forecast, 2020-2028
4.5.1 Banking and Payment Smart Cards Market Size and Y-o-Y Growth
4.5.2 Banking and Payment Smart Cards Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Contact-based Smart Cards
5.2.2 Contactless Smart Cards
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Financial Applications
6.2.2 Communications Applications
6.2.3 Government Programs
6.2.4 Information Security
6.2.5 Physical Access Control
6.2.6 Transportation
6.2.7 Retail and Loyalty
6.2.8 Healthcare
6.2.9 Student Identification
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Banking and Payment Smart Cards Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Banking and Payment Smart Cards Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Contact-based Smart Cards
9.6.2 Contactless Smart Cards
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Financial Applications
9.10.2 Communications Applications
9.10.3 Government Programs
9.10.4 Information Security
9.10.5 Physical Access Control
9.10.6 Transportation
9.10.7 Retail and Loyalty
9.10.8 Healthcare
9.10.9 Student Identification
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Contact-based Smart Cards
10.6.2 Contactless Smart Cards
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Financial Applications
10.10.2 Communications Applications
10.10.3 Government Programs
10.10.4 Information Security
10.10.5 Physical Access Control
10.10.6 Transportation
10.10.7 Retail and Loyalty
10.10.8 Healthcare
10.10.9 Student Identification
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Contact-based Smart Cards
11.6.2 Contactless Smart Cards
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Financial Applications
11.10.2 Communications Applications
11.10.3 Government Programs
11.10.4 Information Security
11.10.5 Physical Access Control
11.10.6 Transportation
11.10.7 Retail and Loyalty
11.10.8 Healthcare
11.10.9 Student Identification
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Contact-based Smart Cards
12.6.2 Contactless Smart Cards
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Financial Applications
12.10.2 Communications Applications
12.10.3 Government Programs
12.10.4 Information Security
12.10.5 Physical Access Control
12.10.6 Transportation
12.10.7 Retail and Loyalty
12.10.8 Healthcare
12.10.9 Student Identification
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Contact-based Smart Cards
13.6.2 Contactless Smart Cards
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Financial Applications
13.10.2 Communications Applications
13.10.3 Government Programs
13.10.4 Information Security
13.10.5 Physical Access Control
13.10.6 Transportation
13.10.7 Retail and Loyalty
13.10.8 Healthcare
13.10.9 Student Identification
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Banking and Payment Smart Cards Market: Competitive Dashboard
14.2 Global Banking and Payment Smart Cards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto
14.3.2 Giesecke & Devrient
14.3.3 Morpho
14.3.4 Oberthur Technologies
14.3.5 American Express
14.3.6 ARM Holdings
14.3.7 Atmel
14.3.8 DataCard
14.3.9 Infineon Technologies
14.3.10 MasterCard
14.3.11 Visa
14.3.12 Banking and Payment Smart Cards
14.3.13 Electronics
