global smart card market is expected to grow at a CAGR of 8.5% during the forecast period (2019–2026

Smart Card Market

A smart card, a plastic card embedded with a microprocessor chip, is used for information storage, management, and authentication. Card data is transacted through a reader, which is a part of a computing system. Smart cards enhance transaction security and provide tamper-proof storage of user and account identity. There are three types of smart cards, namely contact smart cards, contactless smart cards, and dual-interface smart cards. Increasing use of IoT (Internet of things) technology and mobile phones in the form of SIM cards drives the growth of the smart card market. In addition, the pressing need to ensure transaction security and convenience is a key factor surging the demand for smart cards.

The Major Players Covered in this Report:
Gemalto N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), STMicroelectronics NV (Switzerland), Ingenico Group SA (France), IDEMIA France SAS (France), CPI Card Group Inc. (US), Identiv, Inc. (US), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and HID Global Corporation (Sweden).

The global smart card market is expected to grow at a CAGR of 8.5% during the forecast period (2019–2026.

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By Type, Contact, Contactless, Dual Interface,

By Component, Software, Hardware, Others,

By Access Type, Physical, Logical,

By End Use, Government, Retail, Healthcare, Financial Service, Transportation Service, Others,

Segment Analysis

The smart card market can be segmented by type, component, access type, industry vertical, and geography.

Based on type, the market can be segmented into contact, contactless, and dual-interface smart cards. On the basis of component, the market can be segmented into software, hardware, and others. By access type, the market can be bifurcated into physical and logical. On the basis of end-users, the market can be segmented into government, retail, healthcare, financial service, transportation service, government, and others. Geographically, the global smart card market has been divided into North America, Europe, Asia-Pacific, and LAMEA.

Regional Analysis For Smart Card Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Smart Card are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

Why Buy This Report?

This report provides key insights pertaining to the smart card market with stress on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.

Competitor Analysis
Market Concentration of Top Five Players
Potential Ventures

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