Press release
Card Protection Service market is expected to reach USD 53,866.6 Million by 2030: Cognitive Market Research
Card Protection Service market is expected to reach USD 53,866.6 Million by 2030: Cognitive Market Research
Read Full Report with Table of Contents: https://www.cognitivemarketresearch.com/card-protection-service-market-report
Card Protection Service utilized in case of card misfortune, robbery and related extortion. In the event that you lose your cards (credit, charge, ATM), basically make one free call to our 24 hour Helpline, from anyplace on the planet, and will hinder your lost cards. Visa assurance causes you to guarantee your cash back in the event that you utilize your Visa to purchase something and there is an issue with it. It permits you to get a full discount from your credit guarantor on single buys. Card Protection Plan (CPP) is an extensive assistance that shields your check card from burglary, misfortune, extortion, and other comparative crises. This administration, aside from being accessible to charge and MasterCard, can likewise be utilized for the security of PAN card, Aadhaar card, and so forth.
Increasing trend of organizations, towards digitalization of payment processes and adoption of Internet-of-Things (IoT) and advancements in micro-embedded electronics are the major driving factors for the global card protection service market. But, high costs of incorporating chip cards and hesitance of payment merchants. Also, development and manufacturing cost of these machines hampers the growth of the card protection service market. Growing preference of consumers toward cashless payments and increasing adoption of devices, with embedded circuits used in the healthcare, retail, BFSI, and hospitality sectors creates the huge market opportunity for the global card protection service market in forecast period.
Various Segments covered in the report for the Global Card Protection Service
- On the basis of product, the global card protection service market is segmented into contact cards, contactless cards, and multi-component cards. Among them contact cards is projected to be the fastest-growing end-use industry of the global card protection service market during the forecast period. Because of the lower costs of contact-based cards and multi-component type is expected to emerge as the fastest growing segment.
Product Type:
• Contact Cards
• Contactless Cards
• Multi-Component
- On the basis of Application, The global card protection service market is classified into BFSI, government, telecommunication, retail, healthcare, hospitality, and others. After analysis, BFSI is projected as the fastest growing segment in the global card protection service market. Because, of several benefits such as personal data protection and secure data transaction. Telecommunication is expected to dominate the application segment in forecast period.
Applications/ End-User:
• BFSI
• Government
• Telecommunication
• Retail
• Healthcare
• Hospitality
• Others
Global Card Protection Service Market: Major Key Players
• American Express Company
• Atos SE
• CPI Card Group, Inc.
• Gemalto NV
• Giesecke & Devrient (G&D) GmbH
• Infineon Technologies AG
• Inside Secure SA
• NXP Semiconductors NV
• Texas Instruments, Inc.
Related Reports:
• Identity Theft Protection Services- https://www.cognitivemarketresearch.com/identity-theft-protection-services-market-report
• Credit Card- https://www.cognitivemarketresearch.com/credit-card-market-report
• Credit Risk Management Platform- https://www.cognitivemarketresearch.com/credit-risk-management-platform-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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