openPR Logo
Press release

The Global Smart Card Industry Is Likely To Climb To US$ 71.9 Billion By 2031 | Alioth, Cardlogix Corporation, CPI Card Group Inc.

03-31-2023 08:38 AM CET | Media & Telecommunications

Press release from: Global Insight Services

The Global Smart Card Industry Is Likely To Climb To US$ 71.9

The global Smart Card market was valued at USD 40.0 Billion in 2021 and it is anticipated to grow up to USD 71.9 Billion by 2031, at a CAGR of 6.0% during the forecast period.

Download Free Sample of Report -

A smart card is a type of card that has an embedded integrated circuit chip. This chip can be either a microprocessor or a memory chip. The smart card can be either a contact card or a contactless card. The microprocessor chip on the card can be programmed to perform various functions, such as storing data, processing data, and providing security. The data on the card can be either static or dynamic. Static data includes the cardholder's name, account number, and expiration date. Dynamic data includes the cardholders PIN, transaction history, and balance. The smart card can be used for a variety of purposes, such as identification, authentication, and payment. Smart cards are commonly used in credit cards, debit cards, and identity cards.

Read more about Smart Card Market here:

Market Trends and Drivers

The increasing adoption of digital payment techniques that ensure improved convenience and security over traditional cash-based payments will fuel the industry growth. The market will gain traction with an increasing number of consumers using smart cards to avoid the hassle of carrying cash. As smart card-based transactions are highly encrypted, an increasing number of individuals use them to ensure confidentiality and easy management of payment records. These cards include a tamper-proof microprocessor with substantial processing power to protect the stored data and encrypt & implement instructions from specific programs.

Get Customized Report as Per Your Requirement -

Global Smart Card Market Segmentation

By Solution

Smart card
Smart card reader

By Application

SIM & telecom
Government & health
Retail & gas
Access control

Major Players in the Global Smart Card Market

The key players in the market Alioth Llc, Cardlogix Corporation, Cpi Card Group Inc., Giesecke+Devrient GmbH, Idemia, Identiv, Inc., Infineon Technologies AG, NXP Semiconductors NV, Thales, and Watchdata Technologies. among others.

Purchase This Market Research Report -

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Global Smart Card Industry Is Likely To Climb To US$ 71.9 Billion By 2031 | Alioth, Cardlogix Corporation, CPI Card Group Inc. here

News-ID: 2995644 • Views: 426

More Releases from Global Insight Services

Worldwide Sales of Biosurgery are predicted to increase at a rate of 5.5% from 2 …
The global biosurgery market size was USD 12.4 Bn in 2021 and is anticipated to reach USD 21.2 Bn in 2031, growing at a rate of 5.5% from 2022 to 2031. To Remain 'Ahead' Of Your Competitors, Request for A Sample - Biosurgery is a medical procedure that comprises the use of natural, synthetic, or semi-synthetic materials to seal surgical incisions and wounds. It is majorly used for preventing excessive blood
Global Demand For Wearable Healthcare Devices To Surpass USD 45.8 billion by 203 …
The global wearable healthcare devices market was valued at USD 14.3 billion in 2021 and it is anticipated to grow up to USD 45.8 billion by 2031, at a CAGR of 12.4% during the forecast period. To Remain 'Ahead' Of Your Competitors, Request for A Sample - Wearable healthcare devices is any kind of electronic device designed to be worn on the user's body. Such devices can take many different forms,
Increasing Adoption of Light Field Technology in Consumer Electronics Drives the …
Light field is a technology that is used to measure the intensity of light originating from a source in every direction. It is used to describe the behavior of light in terms of both its intensity and its direction. The light field can be used to calculate the path of light through a medium, such as a lens, or it can be used to describe the wavefront of light. Request free
Need for Better Data Management is Driving the Growth of IoT Technology Market
IoT technology refers to the interconnectedness of physical objects and devices that are embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data. The data collected can be used to monitor and control the objects and devices, as well as to make decisions based on the data. The interconnectivity of IoT devices and objects allows for the automation of tasks and processes, as

All 5 Releases

More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as