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Smart Cards Market worth $38.69 billion by 2030, growing at a CAGR of 9.20% - Exclusive Report by 360iResearch
Smart Cards Market | 360iResearch
The Global Smart Cards Market to grow from USD 20.88 billion in 2023 to USD 38.69 billion by 2030, at a CAGR of 9.20%.
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The smart card controls access to a resource with an embedded integrated circuit chip, a security token that enables secure login, storage of digital certificates, credentials, authentication of users, passwords, and sensitive data encryption. The use of smart cards is increasing for personal identification and access control purposes in BFSI and the telecommunication sector. The rising need for efficient storage of personal data is accelerating the use of smart cards. However, limited digital infrastructure and privacy and security concerns may adversely impact the utilization of smart cards by end-use industries worldwide. Moreover, the ongoing advancements and increasing investments in smart city projects and infrastructures are expected to provide lucrative opportunities for deploying smart cards in the end-use sectors worldwide.
The smart card market in the Americas is rapidly developing, driven by the existence of well-established card issuers and the growing deployment of digitized access cards across developed economies. Airlines and travel agencies are the major users of smart cards in the Asia-Pacific region, as they offer consumers convenience while ensuring greater flexibility. The rapid expansion of manufacturing sectors and ongoing digitalization of manufacturing facilities have improved the usage of smart cards for communication and access management. With an increasing number of small & medium enterprises (SMEs) in Europe, the region's smart cards mainly cater to small businesses in the retail sector. Collaborative activities are observed between hospitality giants in the rising economies and smart card issuers in the region to serve customers exploring new banking and credit options.
Market Segmentation & Coverage:
This research report categorizes the Smart Cards Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Memory and MPU Microprocessor. The Memory is projected to witness significant market share during forecast period.
Based on Interface, market is studied across Contact, Contactless, Dual-Interface, and Hybrid. The Contact is projected to witness significant market share during forecast period.
Based on Functionality, market is studied across Communication, Security & Access Control, and Transaction. The Transaction is projected to witness significant market share during forecast period.
Based on End-User, market is studied across BFSI, Education, Government & Healthcare, Retail & Consumer Goods, Telecommunications, and Transportation. The Government & Healthcare is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Smart Cards Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Smart Cards Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Smart Cards Market, highlighting leading vendors and their innovative profiles. These include Advanced Card Systems Ltd., Bartronics India Limited, Beijing Watchdata Co. , Ltd., Biotime Technology, Card Tec (India) Pvt. Ltd., CardLogix Corporation, CardPro Solutions Pvt. Ltd., CardServ, Eastcompeace Technology Co Ltd, Entrust Corporation, Giesecke + Devrient GmBH, HID Global Corporation, ID CardWorld Pty. Ltd., IDEMIA Group, Identiv, Inc., Infineon Technologies AG, Inteligensa SA de CV, Newland Payment Technology Co Ltd, NiD SA, Precision Card Services Ltd., S&K Solutions GmbH & Co. KG., SELP, Thales Group, Universal Smart Cards Inc., Watchdata Co., Ltd., and Wizpro Consultech Pvt Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Smart Cards Market, by Type
7. Smart Cards Market, by Interface
8. Smart Cards Market, by Functionality
9. Smart Cards Market, by End-User
10. Americas Smart Cards Market
11. Asia-Pacific Smart Cards Market
12. Europe, Middle East & Africa Smart Cards Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Smart Cards Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Smart Cards Market?
3. What is the competitive strategic window for opportunities in the Smart Cards Market?
4. What are the technology trends and regulatory frameworks in the Smart Cards Market?
5. What is the market share of the leading vendors in the Smart Cards Market?
6. What modes and strategic moves are considered suitable for entering the Smart Cards Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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