Press release
Smart Cards Market 2021 Expected to Showcase Extensive Growth, Business Opportunity | Industry Analysis by Major Companies: BrilliantTS Co. Ltd., PAX Global Technology Ltd.
Smart Cards Market
Smart card technology is used in diverse applications and systems requiring smart, secure devices. The smart cards market is growing on account of its surging usage in various applications such as mobile phones, payment transactions, online authentication devices, and portable medical records cards. From student membership cards to driver's license, smart cards are being increasingly used for a broad spectrum of applications for verifying age, identity, and the associated access rights and benefits. The government sector is progressively leveraging smart cards to improve efficiency and transparency. Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver's license.
Competitive Landscape
The global smart cards market is marked by the presence of various players including BrilliantTS Co. Ltd. (South Korea), PAX Global Technology Ltd. (Hong Kong), Rambus Inc. (the U.S.), STMicroelectronics NV (Switzerland), IDEMIA France SAS (France), VALID (Brazil), KONA I Co., Ltd. (South Korea), Fingerprint Cards AB (Sweden), HID Global Corporation (Sweden), Identiv, Inc. (the U.S.), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), Bitel Co. Ltd. (South Korea), VeriFone Systems, Inc. (the U.S.), NXP Semiconductors N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), Sony Corporation (Japan), ZWIPE (Norway), CardLogix Corporation (the U.S.), Samsung Electronics Co., Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Versasec AB (Sweden), CPI Card Group Inc. (the U.S.), Infineon Technologies AG (Germany), and Gemalto N.V. (Netherlands).
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Segmentation
The global smart cards market has been segmented based on type, component, and application.
• By type, the market has been segmented into contact, contactless, hybrid, and dual-interface.
• By component, the market has been segmented into hardware, smart cards, readers, software, and services.
• By application, the market has been segmented into government, healthcare, BFSI, retail, transportation, education, entertainment, and enterprises.
Regional Analysis
The key markets of the global smart cards market include North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is a significant growth pocket for the global smart cards market. The rapid adoption of new technology, the concentration of major players in the region supports the growth of the market. The US Department of Defense uses smart cards in their Common Access Card (CAC) and other cards for two- or three-factor authentication. The Europe market for smart cards is also strong, and the region uses smart cards for various applications. Smart cards are mandated by UK's Department for Transport. Asia Pacific market is driven by the rapid digitization in the region.
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TABLE OF CONTENTS:
1. Market Introduction
2. Research Methodology
3. Market Dynamics
4. Executive Summary
5. Market Factor Analysis
6. Smart Cards Market, By Segments
7. Competitive Analysis
Continued…
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