openPR Logo
Press release

Unleashing the Potential of Powered Smart Cards: Revolutionizing Secure Transactions

05-29-2023 08:50 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Powered Smart Card Market

Powered Smart Card Market

Market Overview:
A powered smart card is a type of smart card that has an embedded microprocessor. This microprocessor allows the card to store and process data, making it more secure and versatile than traditional magnetic stripe cards. Powered smart cards are used in a variety of applications, including payment cards, identity cards, and access control cards.

Market Size and Growth:
As per PMR analysis, the global Powered Smart Card Market is slated to progress at an impressive CAGR of over 9% through 2030. The global powered smart card market is expected to grow from USD 12.5 billion in 2023 to USD 27.5 billion in 2030. The market is driven by the increasing demand for contactless payments, government schemes for national ID cards, and rising e-commerce shopping.

Need More Insights on Competitor Analysis of the report, Request for Sample@ https://www.persistencemarketresearch.com/samples/3878

Market Segmentation:
The global powered smart card market is segmented by type, application, and region.

By type, the market is segmented into contact, contactless, and dual interface. Contact smart cards are the most common type of powered smart card. They require the user to insert the card into a reader in order to make a payment or access a service. Contactless smart cards do not require the user to insert the card into a reader. They can be tapped on a reader in order to make a payment or access a service. Dual interface smart cards can be used as both contact and contactless cards.

By application, the market is segmented into payment, identity, access control, and other applications. The payment segment is the largest segment of the market. Powered smart cards are used in a variety of payment applications, including credit cards, debit cards, and prepaid cards. The identity segment is expected to grow at the fastest rate during the forecast period. Powered smart cards are used in a variety of identity applications, including national ID cards, employee ID cards, and student ID cards.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for powered smart cards. The market in North America is driven by the increasing adoption of contactless payments and the growing demand for national ID cards. The market in Asia Pacific is expected to grow at the fastest rate during the forecast period. The market in Asia Pacific is driven by the growing e-commerce market and the increasing government initiatives for national ID cards.

If You want to Purchase Specific Insights By Segment/Region/Competitor, Request For Customization@ https://www.persistencemarketresearch.com/request-customization/3878

Market Drivers and Challenges:
The growth of the global powered smart card market is driven by a number of factors, including:
• Increasing demand for contactless payments
• Government schemes for national ID cards
• Rising e-commerce shopping

However, the growth of the market is also challenged by a number of factors, including:
• High cost of smart cards
• Security concerns
• Lack of awareness about smart cards

Key Players:
Some of the key players in the global powered smart card market include:
• Gemalto
• Giesecke & Devrient
• Infineon Technologies
• NXP Semiconductors
• Oberthur Technologies
• OTI
• Renesas Electronics
• Samsung
• Thales Group
• Utimaco

Regional Analysis:
The global powered smart card market is segmented into the following regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America is the largest market for powered smart cards. The market in North America is driven by the increasing adoption of contactless payments and the growing demand for national ID cards. The market in Asia Pacific is expected to grow at the fastest rate during the forecast period. The market in Asia Pacific is driven by the growing e-commerce market and the increasing government initiatives for national ID cards.

If You Want To Know The Business Opportunity/Market Value, Purchase The Premium Insight@ https://www.persistencemarketresearch.com/checkout/3878

Market Trends:
Some of the key trends in the global powered smart card market include:
• Increasing adoption of contactless payments
• Growing demand for national ID cards
• Rising e-commerce shopping
• Development of new applications for powered smart cards

Read More Trending "PMR Exclusive Article"-
• Procure To Pay P2P Solutions Market - https://www.persistencemarketresearch.com/market-research/procure-to-pay-p2p-solutions-market.asp

• Healthcare Chatbots Market - https://www.persistencemarketresearch.com/market-research/healthcare-chatbots-market.asp

Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About Us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Unleashing the Potential of Powered Smart Cards: Revolutionizing Secure Transactions here

News-ID: 3070668 • Views:

More Releases from Persistence Market Research

Aseptic Packaging Market Set to Grow to US$136.5 Bn by 2033 Driven by Rising Food & Pharma Demand
Aseptic Packaging Market Set to Grow to US$136.5 Bn by 2033 Driven by Rising Foo …
Introduction: Aseptic Packaging Market Overview and Industry Evolution The aseptic packaging market has emerged as a cornerstone of modern food, beverage, and pharmaceutical preservation systems. As global consumers increasingly seek safe, long-lasting, and convenient packaged products, aseptic packaging solutions have gained substantial importance. This technology allows products to be sterilized separately from packaging materials and filled in a sterile environment, ensuring extended shelf life without refrigeration or preservatives. The rising demand
Gas-Insulated Transmission Line (GIL) Market Expected to See Growth to US$836.9 Mn by 2032, Driven by Grid Modernization
Gas-Insulated Transmission Line (GIL) Market Expected to See Growth to US$836.9 …
Introduction: Rising Demand for Advanced Power Transmission Solutions The global energy landscape is undergoing a major transformation as nations accelerate investments in renewable energy, grid expansion, and reliable electricity distribution networks. With rapid urbanization, industrialization, and digital infrastructure growth, the demand for uninterrupted and efficient power transmission has never been higher. Traditional overhead transmission systems, while widely used, face challenges related to land constraints, environmental exposure, and transmission losses. This has
Dimethyl Sulfide (DMS) Market Anticipated to Reach US$ 251.2 Mn by 2033, Driven by Food & Chemical Demand
Dimethyl Sulfide (DMS) Market Anticipated to Reach US$ 251.2 Mn by 2033, Driven …
Market Overview: Expanding Demand for Dimethyl Sulfide Across Industries The Dimethyl Sulfide (DMS) market is witnessing consistent growth due to its widespread applications across food processing, pharmaceuticals, agriculture, and chemical manufacturing. Dimethyl sulfide is an organosulfur compound known for its distinctive odor and reactive properties, making it a crucial intermediate in multiple industrial processes. In food and beverage applications, it is valued for flavor enhancement, while in chemical manufacturing, it serves
Onyx Stone Market to Surge to Reach US$ 1.8 Bn by 2033 Driven by Construction & Interior Decoration Demand
Onyx Stone Market to Surge to Reach US$ 1.8 Bn by 2033 Driven by Construction & …
Market Overview: Rising Demand for Premium Natural Stones The onyx stone market has gained remarkable prominence in recent years, driven by increasing demand for luxury natural stones in architecture, interior décor, and artistic applications. Onyx, known for its translucent appearance and unique veining patterns, has become a preferred choice for premium residential and commercial projects. The material's ability to elevate aesthetic appeal while maintaining durability has attracted designers, architects, and homeowners

All 5 Releases


More Releases for Powered

Solar-powered EV Charging Stations Market Expands Driven by Solar-powered Infras …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Solar-powered EV Charging Stations Market Size, Share & Trends Analysis Report, By Level of Charging (Level 1, Level 2, and Level 3), By Charger Type (AC Charging Station and DC Charging Station), By Connectivity (On-Grid, Off-Grid, and Hybrid), By Component (Solar Panel Type, Battery Storage, Inverter, Grid-Tied Systems, and Others), By Vehicle Type (Passenger Cars
Foldable Powered Wheelchair & Foldable Powered Scooter Market Grab Fabulous Grow …
Los Angeles, United States - QY Research has unveiled its latest study titled "Global Foldable Powered Wheelchair & Foldable Powered Scooter Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Foldable Powered Wheelchair & Foldable Powered Scooter market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers
Foldable Powered Wheelchair & Foldable Powered Scooter Research: CAGR of 8.5% du …
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Foldable Powered Wheelchair & Foldable Powered Scooter- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for
ALL4 Mining Launches AI-Powered Mobile XRP CloudMining Platform Powered by Renew …
ALL4 Mining has announced the launch of a free mobile XRP cloudmining app, designed to provide users with greater accessibility and efficiency in digital asset mining. ALL4 Mining, one of the world's established cloudmining platforms, has introduced this new application to make cryptocurrency mining more convenient. The platform integrates advanced artificial intelligence computing power scheduling and a 100% renewable energy network, enabling improved efficiency and reduced operational costs. Running autonomously around
Emerging Solar Powered Drones Market Trend 2025-2034: Increasing Focus On Launch …
"How Is the Solar Powered Drones Market Projected to Grow, and What Is Its Market Size? The solar-powered drones market has experienced rapid growth in recent years. It will rise from $2.17 billion in 2024 to $2.6 billion in 2025, at a CAGR of 19.4%. The growth is attributed to growing environmental concerns, a focus on sustainability, military and defense applications, declining solar panel costs, government incentives for renewable energy adoption,
Powered Surgical Handpieces Market Report 2018: Segmentation by Type (Electric-p …
Global Powered Surgical Handpieces market research report provides company profile for Medtronic, Conmed, Smith & Nephew, Zimmer Biomet, De Soutter Medical, Stryker, Johnson & Johnson, B. Braun and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to