EMV Smart Cards Market Focuses on Growth Factors, Technological Innovation, Growth and Forecast 2021 to 2027 - Gemalto, IDEMIA, Giesecke & Devrient, Perfect Plastic Printing

Market Intelligence Data has released a new report on the global EMV Smart Cards market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the EMV Smart Cards market industry and its framework.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Gemalto, IDEMIA, Giesecke & Devrient, Perfect Plastic Printing, ABCorp, CPI Card, Tianyu, Goldpac, Hengbao, Watchdata Technologies, Valid, Kona I, Eastcompeace

The Global EMV Smart Cards Market Size is Projected to Reach at a CAGR of 11.15% during 2021-2027.

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Covid-19 Impact and Recovery Analysis:

The number one goal of this EMV Smart Cards Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this EMV Smart Cards market document.

EMV Smart Cards market Segmentation By Type:

Fuel Card

Retail Store Card

Meal Voucher Card

Others

EMV Smart Cards market Segmentation By Application:

Contact Form

Contactless Form

Key Market Trends

BFSI is Expected to Drive the Market

The adoption of smart cards in BFSI provides various benefits, such as personal data protection and secure data transaction. In the BFSI sector, smart cards are used as credit or debit cards, authentication cards for payments, and access control 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 banking industry had witnessed the benefits of magnetic stripe card technology for a long time and has migrated towards the memory chip or microprocessor on card technology. However, over the last decade, fraud levels have been on the rise, steeply increasing in 2020 from 2019, driven by the increasing need for smart cards for secured payments.

Regional Analysis:

Asia-Pacific to Witness Highest Growth

China has been one of the pioneers in phasing out checks and introducing contactless payments, leading to the introduction of digital cards. The country has deployed smart cards in various sectors, including the transportation sector.
Further, several Chinese banks are developing digital yuan hard wallets, and the People’s Bank of China confirmed that consumers would be able to store digital currency on both physical and digital wallets. The People’s Bank of China (PBOC) has expanded its central bank digital currency (CBDC) pilot to include a contactless ‘hard wallet’ and NFC wearables that enable consumers to make in-store and transit fare payments with their digital yuan.
In June 2021, China Construction Bank announced that they are piloting a biometric ‘hard wallet’ smart card that lets customers store digital yuan and authenticate payments made using the central bank's digital currency with their fingerprint. The card’s stored value is further secured with advanced fingerprint recognition and authentication.
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Recent Developments

July 2021 - Gemalto NV announced a new card that integrates a biometric sensor, providing users with increased security. The contactless biometric card simplifies proximity payments and provides an essential level of privacy. The cards are fully certified by major EMV payment schemes, like MasterCard and Visa.
June 2020 - Vodafone, Bundesdruckerei, and Giesecke+Devrient have jointly developed a new electronic ID function for smartphones. ID data is stored on the eSIM in a simple and secure manner. It is a solution for all smartphone models and makes in Europe.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of EMV Smart Cards Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of EMV Smart Cards Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the EMV Smart Cards industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the EMV Smart Cards marketplace in the during the forecast period?
Impact of COVID-19:

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the EMV Smart Cards market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization: -

The Global EMV Smart Cards Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.

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