Market Overview:
The global EMV payment card market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contactless cards, rising adoption of EMV cards by small and medium-sized businesses (SMBs), and growing use of EMV cards for online payments. The contactless card segment is expected to grow at the highest CAGR during the forecast period, followed by the dual interface card segment. This growth can be attributed to the increasing demand for convenience and security among consumers worldwide. In terms of applications, the enterprise use segment is expected to grow at a higher rate than the individual use segment duringthe forecast period.
Product Definition:
An EMV payment card is a type of credit or debit card that contains a microprocessor chip. The chip stores and processes information, making it difficult for fraudsters to counterfeit the card. EMV cards are commonly used in Europe and other parts of the world, but have been slow to catch on in the United States.
Contactless Card:
The global contactless card is a smart card or an integrated circuit chip containing personal information of the user. It does not require any physical contact for processing. The technology used in these cards generates a unique number for each transaction and stores the data on the chip to reduce frauds and increase security level.
Contact Card:
The contact card is a smart card that contains information about the customer and is used for making payments by phone or internet. The contact cards are issued by banks, financial institutions, and retailers. They consist of an embedded microchip with a unique ID number that allows users to make secure transactions via Near Field Communication (NFC) technology in mobile phones or tablets.
Application Insights:
The enterprise use segment dominated the global payment card market in 2017. This can be attributed to the growing adoption of payment cards in various enterprises, such as retail stores, hospitality and entertainment businesses, transportation services and financial institutions. Furthermore, key players have launched their products for corporate usage only; this is expected to further boost the growth of this segment over the forecast period.
The individual use category is anticipated to witness significant growth over the forecast period owing to increased consumer spending on luxury goods and travel activities across various regions including Asia Pacific and Middle East & Africa. The introduction of contactless payments has been a great help in making payments without having physical contact with a reader; however, most banks impose restrictions on using these cards for personal transactions due to security concerns related frauds at POS terminals.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to witness a growth rate of around 6% over the forecast period. This can be attributed to various factors such as early adoption of EMV technology, high demand for mobile payments, and presence of prominent payment card companies in Europe. Moreover, countries such as Germany are anticipated to witness higher penetration rates owing to increased spending on digital transformation initiatives by enterprises and rapid technological advancements across all major industries including retail & e-commerce, transportation & logistics sector among others.
Growth Factors:
- Increased security and reduced fraud: EMV cards are more secure than traditional magnetic stripe cards, as the chip-and-PIN technology makes it difficult for criminals to clone the card or create a counterfeit copy. This has led to a reduction in payment card fraud in countries that have adopted EMV technology.
- Increased convenience and speed: With an EMV card, you don’t have to worry about signing for your purchase – just insert your card into the terminal and enter your PIN. Transactions are also processed faster with EMV cards than with traditional magnetic stripe cards.
- Global standardization:EMV is now a global standard, meaning that merchants around the world will be able to accept payments from EMV cards issued by any bank anywhere in the world. This will make it easier for travelers to use their payment cards abroad and will help reduce cross-border payment processing fees.
Scope Of The Report
Report Attributes
Report Details
Report Title
EMV Payment Card Market Research Report
By Type
Contactless Card, Contact Card, Dual Interface Card
By Application
Enterprise Use, Individual Use
By Companies
Gemalto, OT-Morpho G&D, GoldPac, CPI Card Group, Valid, Giesecke & Devrient, Oberthur Technologies, Eastcompeace, Wuhan Tianyu, Datang, Kona I, Watchdata Systems, Hengbao
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global EMV Payment Card Market Report Segments:
The global EMV Payment Card market is segmented on the basis of:
Types
Contactless Card, Contact Card, Dual Interface Card
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
Enterprise Use, Individual Use
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
- OT-Morpho G&D
- GoldPac
- CPI Card Group
- Valid
- Giesecke & Devrient
- Oberthur Technologies
- Eastcompeace
- Wuhan Tianyu
- Datang
- Kona I
- Watchdata Systems
- Hengbao
Highlights of The EMV Payment Card 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:
- Contactless Card
- Contact Card
- Dual Interface Card
- By Application:
- Enterprise Use
- Individual Use
- 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 EMV Payment Card 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.
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- 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?
EMV is an abbreviation for Europay, Mastercard and Visa. EMV cards are contactless payment cards that use radio-frequency identification (RFID) technology to process payments. EMV chips protect cardholders by increasing the security of transactions and reducing the chances of fraud.
Some of the major players in the emv payment card market are Gemalto, OT-Morpho G&D, GoldPac, CPI Card Group, Valid, Giesecke & Devrient, Oberthur Technologies, Eastcompeace, Wuhan Tianyu, Datang, Kona I, Watchdata Systems, Hengbao.
The emv payment card market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EMV Payment Card 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 EMV Payment Card Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EMV Payment Card 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 EMV Payment Card 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 EMV Payment Card Market Size & Forecast, 2018-2028
4.5.1 EMV Payment Card Market Size and Y-o-Y Growth
4.5.2 EMV Payment Card Market Absolute $ Opportunity
Chapter 5 Global EMV Payment Card 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 EMV Payment Card Market Size Forecast by Type
5.2.1 Contactless Card
5.2.2 Contact Card
5.2.3 Dual Interface Card
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EMV Payment Card 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 EMV Payment Card Market Size Forecast by Applications
6.2.1 Enterprise Use
6.2.2 Individual Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EMV Payment Card 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 EMV Payment Card 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 EMV Payment Card Analysis and Forecast
9.1 Introduction
9.2 North America EMV Payment Card 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 EMV Payment Card Market Size Forecast by Type
9.6.1 Contactless Card
9.6.2 Contact Card
9.6.3 Dual Interface Card
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 EMV Payment Card Market Size Forecast by Applications
9.10.1 Enterprise Use
9.10.2 Individual Use
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 EMV Payment Card Analysis and Forecast
10.1 Introduction
10.2 Europe EMV Payment Card 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 EMV Payment Card Market Size Forecast by Type
10.6.1 Contactless Card
10.6.2 Contact Card
10.6.3 Dual Interface Card
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 EMV Payment Card Market Size Forecast by Applications
10.10.1 Enterprise Use
10.10.2 Individual Use
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 EMV Payment Card Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EMV Payment Card 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 EMV Payment Card Market Size Forecast by Type
11.6.1 Contactless Card
11.6.2 Contact Card
11.6.3 Dual Interface Card
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 EMV Payment Card Market Size Forecast by Applications
11.10.1 Enterprise Use
11.10.2 Individual Use
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 EMV Payment Card Analysis and Forecast
12.1 Introduction
12.2 Latin America EMV Payment Card 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 EMV Payment Card Market Size Forecast by Type
12.6.1 Contactless Card
12.6.2 Contact Card
12.6.3 Dual Interface Card
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 EMV Payment Card Market Size Forecast by Applications
12.10.1 Enterprise Use
12.10.2 Individual Use
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) EMV Payment Card Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EMV Payment Card 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) EMV Payment Card Market Size Forecast by Type
13.6.1 Contactless Card
13.6.2 Contact Card
13.6.3 Dual Interface Card
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) EMV Payment Card Market Size Forecast by Applications
13.10.1 Enterprise Use
13.10.2 Individual Use
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 EMV Payment Card Market: Competitive Dashboard
14.2 Global EMV Payment Card Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto
14.3.2 OT-Morpho G&D
14.3.3 GoldPac
14.3.4 CPI Card Group
14.3.5 Valid
14.3.6 Giesecke & Devrient
14.3.7 Oberthur Technologies
14.3.8 Eastcompeace
14.3.9 Wuhan Tianyu
14.3.10 Datang
14.3.11 Kona I
14.3.12 Watchdata Systems
14.3.13 Hengbao
