Press release
Smart Card IC Market Size Expected to reach US$ 3.9 Billion by 2028 | Anticipating a CAGR of 5.4%
Smart Card IC Market
The global smart card IC market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
What is Smart Card IC?
A smart card integrated circuit (IC) is a small, embedded microchip that stores and processes data securely within a smart card. It comprises hardware and software components that enable various functions, such as authentication, encryption, and data storage, within a compact and tamper-resistant card. It can support multiple applications on a single card, such as payment, access control, identification, and healthcare information storage. It has built-in cryptographic capabilities, which enable secure data encryption and decryption for authentication and privacy. It offers safe storage of sensitive data, such as personal identification, financial information, and access credentials. It is widely used in contactless transit cards and electronic toll collection systems for quick and secure fare payment.
Request a free sample of report: https://www.imarcgroup.com/smart-card-ic-market/requestsample
Global Industry Trends and Drivers:
The increasing digitization of services and processes across various industries, such as finance, healthcare, and government, represents one of the key factors catalyzing the demand for secure smart card ICs to authenticate users and protect sensitive data. Additionally, the rising adoption of contactless payment methods, including Europay, Mastercard, and Visa (EMV) chip cards and mobile wallets, is driving the need for smart card ICs to enhance payment security and enable convenient transactions. Moreover, the governing authorities of several countries are investing in national ID programs and e-Government services, which is driving the demand for secure smart cards for citizen identification, access control, and secure data storage.
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=6737&flag=C
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Pet Type Insights:
• Dog Food
• Cat Food
• Others
Product Type Insights:
• Dry Pet Food
• Wet and Canned Pet Food
• Snacks and Treats
Pricing Type Insights:
• Mass Products
• Premium Products
Ingredient Type Insights:
• Animal Derived
• Plant Derived
Distribution Channel Insights:
• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others
Regional Insights:
• South India
• North India
• West and Central India
• East India
Related Posts:
3D IC Market https://www.digitaljournal.com/pr/news/imarc/3d-ic-market-size-price-trends-top-leader-industry-trends-and-report-2023-2028
Cold Chain Tracking And Monitoring Market https://www.digitaljournal.com/pr/news/imarc/cold-chain-tracking-and-monitoring-market-size-growth-and-report-forecast-2023-2028
Ai In Oil And Gas Market https://www.digitaljournal.com/pr/news/imarc/ai-in-oil-and-gas-market-size-growth-analysis-industry-trends-and-forecast-2023-2028
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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 Smart Card IC Market Size Expected to reach US$ 3.9 Billion by 2028 | Anticipating a CAGR of 5.4% here
News-ID: 3240312 • Views: …
More Releases from IMARC Group
Meat Processing Plant Setup: Key Insights for a Successful Industrial Venture
Setting up a meat processing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Meat Processing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a meat processing plant, covering everything from product overview and processing processes to…
Sanitary Napkin Manufacturing Unit Setup: Business Model & Cost Feasibility
Setting up a sanitary napkin manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Sanitary Napkin Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a sanitary napkin manufacturing plant, covering everything from product overview and…
Drone Photography/Videography Project Report 2025: Market Trends and Business Op …
Drone Photography/Videography Business Plan & Project Report Overview
IMARC Group's "Drone Photography/Videography Business Plan and Project Report 2025" offers a comprehensive framework for establishing a successful drone photography/videography business. The critical areas, including market trends, investment opportunities, revenue models, and financial forecasts, are discussed in this in-depth report and are therefore useful resources to entrepreneurs, consultants and investors. Whether evaluating the viability of a new venture or streamlining an existing one,…
Sustainable Fashion Consulting Business Plan 2025: Costs, Setup, and Profit Pote …
Sustainable Fashion Consulting Business Plan & Project Report Overview
IMARC Group's "Sustainable Fashion Consulting Business Plan and Project Report 2025" offers a comprehensive framework for establishing a successful sustainable fashion consulting business. The critical areas, including market trends, investment opportunities, revenue models, and financial forecasts, are discussed in this in-depth report and are therefore useful resources to entrepreneurs, consultants and investors. Whether evaluating the viability of a new venture or streamlining…
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…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
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…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
