Global Smart Card Market Intelligence & Future Trends 2017-2026.

Global Smart Card Market was valued at USD XX Billion in the year 2018. Global Smart Card Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2026. Asia Pacific region holds the highest market share in 2018 with Europe region is considered as the fastest growing market in the forecasted period. At a country level, China was the biggest market in 2018 and it is projected to grow at a gradual pace in the coming years.

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American Express Company. (U.S.), Arm Holdings PLC (U.K.), Microchip Technology Inc. (U.S), are some of the key players in the Smart Card market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in recent years.

Drivers:

Data Security for the cards
Flexibility and Multiservice

Restraints:

Cost and Limitations

Opportunities:

New and Innovative Card application

Challenges:

Lack of business case

The Global Smart Card Market is segmented by technology, by component, by application, and by region. In technology type, Contact based smart card is expected to hold the highest market share during the forecast period. On the other hand, by application Telecommunication market for Smart card is expected to grow at the highest CAGR during the year 2018-2026. The driving factors are the strong adoption of subscriber identity module (SIM) cards for mobile phone.

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Key Benefits for Stakeholders

Smart Card Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End-use industries
Regulatory bodies, policy actors, and consumers.

By Technology

Contact Card
Contactless Card
Multi-Component Card

By Component

Memory-Based
Microcontroller-Based

By Application

Banking, Financial Services, and Insurance (BFSI)
Government
Telecommunication
Retail
Healthcare
Hospitality
Transportation
Pay TV
Others

By Region

North America
Europe
Asia-Pacific
ROW

Key Market Players

American Express Company
Arm Holdings Plc.
Microchip Technology Inc. (Atmel Corporation)
Entrust Datacard Corporation
Atos SE
Gemalto N.V.
CPI Card Group Inc
(A brief overview of another 13 companies is also provided)

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Research Methodology:

Mnemonics Market Research follows in-depth Research Methodology focused on reducing deviation in the collected data. Mnemonics Market Research offers the most precise evaluations and projection for the market numbers. Mnemonics Market Research engages following Market Engineering techniques –

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
Mnemonics Market Research has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

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