Press release
Banking and Financial Smart Cards Market to Generate Exponential Growth by 2025 | Future Plans, Strategies by MasterCard, Visa, CardLogix, American Express, Oberthur Technologies, Morpho, Gemalto
Banking and Financial Smart Cards Market 2019
In 2018, the global Banking and Financial Smart Cards market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with more than a CAGR of 10% during 2019-2025.
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In the banking, financial services, and insurance (BFSI) sector, smart cards are used as credit or debit cards, authentication cards for payments, fuel cards, access control cards, and high-security identification cards. They can be used as electronic wallets by loading the smart card with funds that can be transferred to a vending machine or an account using cryptographic protocols.
The key players covered in this study
• Gemalto
• Morpho
• Oberthur Technologies
• American Express
• CardLogix
• MasterCard
• Visa
The strong need to reduce identity duplication will be the key driver for the growth of this market. Due to advances in technology, the number of fraudulent activities and forgeries are increasing. As a result, the cards and payments industry has undergone a digital transformation with the introduction of new payment methods such as EMV chips, personal identification number (PIN) cards, and mobile wallets. Since the data available in smart cards is difficult to decode, they will have a higher adoption rate in the BFSI sector.
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Market segment by Type, the product can be split into
• Magnetic Stripe Card
• Chip Card
• Dual Interface Card
• Others
Market segment by Application, split into
• Commercial
• Personal
• Others
Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
The study objectives of this report are:
To analyze global Banking and Financial Smart Cards status, future forecast, growth opportunity, key market and key players.
To present the Banking and Financial Smart Cards development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Banking and Financial Smart Cards are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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