Global Smart Card Technologies Market by Type (Contact Card, Contactless Card), By Application (Small and Medium-Sized Enterprises, Large Enterprises, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global smart card technologies 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 cards and the growing adoption of smart cards by small and medium-sized enterprises (SMEs) and large enterprises. In terms of type, the contact card segment is expected to hold the largest share of the global smart card technologies market in 2018, followed by the contactless card segment. The application segments that are expected to witness high growth during the forecast period include SMEs and large enterprises. North America is estimated to account for majority share of global smart card technologies market in 2018, followed by Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA).



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Product Definition:

A smart card is a plastic card that contains an embedded integrated circuit. The chip can store or access data, or perform other operations. Smart cards are used in a wide variety of applications, including identification, financial transactions, health care and telecommunications.

Contact Card:

The global contact card market size was valued at USD 1.6 billion in 2015 and is expected to witness a growth of over 15% by the end of the forecast period. The increasing demand for contactless smart cards or micro-chips based on RFID technology is anticipated to drive industry growth over the next seven years.

Contactless Card:

The contactless card is a smart card which does not have any contact points between the plastic substrate and the magnetic strip. These cards are used in various applications such as transportation, healthcare, retail banking, and ID recognition systems. The growing demand for cashless payments across the globe is expected to drive market growth over the forecast period.

Various government initiatives aimed at promoting cashless transactions coupled with high penetration of smartphones are expected to fuel market growth over the next seven years.

Application Insights:

The large enterprises segment dominated the global smart card technologies market in 2017, accounting for more than half of the revenue share. The segment is expected to retain its dominance over the forecast period owing to factors such as extensive use in access control systems, e-government initiatives and corporate authentication solutions.

Small and medium-sized enterprises (SMEs) are anticipated to emerge as one of the prominent application segments over the forecast period due to increasing penetration of these cards in payment applications across various industries such as healthcare, transportation and utilities among others. The growing need for multifactor authentication solutions by banks and other financial institutions has also driven SMEs adoption of these cards.

Regional Analysis:

North America dominated the global market in 2017. North America has been witnessing a growing adoption of contactless smart cards for various applications, such as access control, identification and digital signature, since past few years. The U.S., in particular, is one of the prominent markets for these products owing to factors such as high internet penetration and rapid technological advancements across all sectors including healthcare & medical; transportation & logistics; and BFSI among others.

Asia Pacific is expected to be the fastest-growing regional market over the forecast period due to increasing government initiatives pertaining to implementation of advanced technologies across various sectors including healthcare & medical; defense & security; public safety etc.; coupled with rising demand for cost-effective solutions that enable secure transactions on a large scale without any hassle or frauds committed using these cards at any place/time/. Moreover, increasing number of retail outlets along with growing e-commerce industry will also drive growth over this period.

Growth Factors:

Increasing demand for secure and convenient transactions
Proliferation of contactless payments
Rising demand for multifunctional cards
Growing popularity of mobile wallets
Advances in card security technologies


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Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Card Technologies Market Research Report
By Type
Contact Card, Contactless Card
By Application
Small and Medium-Sized Enterprises, Large Enterprises, Others
By Companies
Infineon Technologies, NXP Semiconductors, ON Semiconductor, Samsung Electronics, STMicroelectronics NV, CardLogix, Kisi, Dot Origin, Gemalto, Kisi, Infineon Technologies, Atmel, Atos, Citigroup, Cpi Card Group, Eastcompeace Smart Card, Hengbao, Infineon Technologies, Smart Card IT Solutions, ZAZOO
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.

Global Smart Card Technologies Market Report Segments:
The global Smart Card Technologies market is segmented on the basis of:
Types
Contact Card, Contactless 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
Small and Medium-Sized Enterprises, Large Enterprises, Others
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:
Infineon Technologies
NXP Semiconductors
ON Semiconductor
Samsung Electronics
STMicroelectronics NV
CardLogix
Kisi
Dot Origin
Gemalto
Kisi
Infineon Technologies
Atmel
Atos
Citigroup
Cpi Card Group
Eastcompeace Smart Card
Hengbao
Infineon Technologies
Smart Card IT Solutions
ZAZOO



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Highlights of The Smart Card Technologies 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 Card
Contactless Card
By Application:
Small and Medium-Sized Enterprises
Large Enterprises
Others
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 Smart Card Technologies 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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