Contactless Smart Cards in Banking Market 2022 Business Scenario- Sony, Infineon Technologies, NXP Semiconductors, CardLogix

Global Contactless Smart Cards in Banking Market 2022 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Contactless Smart Cards in Banking market size, demand and revenue. The current Contactless Smart Cards in Banking market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The smart card market is projected to reach USD 16.9 billion by 2026 from USD 13.9 billion in 2021; it is expected to grow at a CAGR of 4.0% from 2021 to 2026.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Contactless Smart Cards in Banking Market: Gemalto, Giesecke & Devrient, Oberthur Technologies, Safran, Watchdata, Morpho, Sony, Infineon Technologies, NXP Semiconductors, CardLogix, Advanced Card Systems, SpringCard, Secura Key, DataCard, and others.

Recent Developments

In January 2021, IDEMIA signed a four-year agreement with Jyske Bank, the second-largest Danish-owned bank, to introduce the first recycled plastic payment card in Denmark.

In June 2020, The Macao government issued contactless prepaid payment cards pre-loaded with credit to mitigate the economic impact of the COVID-19 pandemic and provide financial support to its citizens. The cards were produced by G+D Mobile Security.

In June 2020, CPI and Visa Inc. launched the Earthwise High Content Card, which is made with up to 98% upcycled plastic. Through an exclusive agreement, the companies will initially provide all Visa-issuing financial institutions worldwide access to the Earthwise High Content Card, which is EMV-compliant and dual interface capable, enabling both contact and contactless payments.

In January 2020, Confidex, a leading designer and supplier of short-range wireless identification solutions, entered into a partnership with Thales to develop a flexible smart media for Calypso-based systems. Confidex used Gemalto’s software solutions to create a new category of microprocessor-based smart media. These products include durable contactless paper cards embedded with a PET layer that reinforces the structure of the card. This makes the product resistant to harsh environments associated with transportation applications.

In January 2018, Gemalto expanded its footprint for access management as a service solution across the European Union. This new facility will help the company respond to the rising demand for its cloud-based authentication and smart cards, and help customers maintain privacy and data sovereignty.

Global Contactless Smart Cards in Banking Market Split by Product Type and Applications:

This report segments the global Contactless Smart Cards in Banking market on the basis of Types are:

RFID

RFIC

On the basis of Application, the Global Contactless Smart Cards in Banking market is segmented into:

Access Control

Payment

Identification

Others

Regional Analysis For Contactless Smart Cards in Banking Market:

North America (The 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.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Influence of the Contactless Smart Cards in Banking Market Report:
-Comprehensive assessment of all opportunities and risks in the Contactless Smart Cards in Banking market.
-The detailed study of business strategies for the growth of the Contactless Smart Cards in Banking market-leading players.
-Conclusive study about the growth plot of the Contactless Smart Cards in Banking market for forthcoming years.
-In-depth understanding of Contactless Smart Cards in Banking market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Contactless Smart Cards in Banking market.

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What are the market fundamentals that are described in this report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Contactless Smart Cards in Banking Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2017 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, researchers throw light on the pinpoint analysis of Global Contactless Smart Cards in Banking. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.

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