openPR Logo
Press release

Smart Card Global Market Report 2024 To 2033 | CardLogix Corporation, CPI Card Group - Colorado Inc., Giesecke & Devrient GmbH, IDEMIA, Infineon Technologies AG

Smart Card Market Size

Smart Card Market Size

The Business Research Company recently released a comprehensive report on the Global Smart Card Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7028&type=smp

According to The Business Research Company's, The smart card market size has grown strongly in recent years. It will grow from $20.94 billion in 2023 to $22.84 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to rising cybersecurity concerns, government initiatives, financial inclusion, contactless payment trends.

The smart card market size is expected to see strong growth in the next few years. It will grow to $32.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to mobile and wearable technology, biometric authentication, smart cities initiatives, e-commerce and online transactions, government-led digital initiatives. Major trends in the forecast period include rapid adoption in healthcare, blockchain integration, green and sustainable smart cards, customization and personalization.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/smart-card-global-market-report

Market Drivers and Trends:

The surged demand for contactless payments is expected to significantly drive the growth of the smart card market. With the increase in social distancing during COVID_19, a rapid shift towards digitalization was seen in all aspects. Due to this sheer development in digitalization and e-commerce services, the movement to contact-less payment from numerous platforms has accelerated. For instance, in June 2021, UK Finance, a UK-based trade association, highlighted contactless payments accounted for 57% of all credit card transactions and 71% of all debit card transactions. Furthermore, in February 2022, nearly 1.2 billion contactless cards were recorded, an increase of 76.3 % from 668 million in February 2021 and 32.4 % from 889 million in February 2020. Hence the increasing demand for contactless payments will drive the growth of the smart card market.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

CardLogix Corporation, CPI Card Group - Colorado Inc., Giesecke & Devrient GmbH, IDEMIA, Infineon Technologies AG, ABCorp Corporation, Bartronics India Limited, BrilliantTS. co. Ltd., Bundesdruckerei GmbH, CardCom Technology, Eastcompeace Smart Card Co. Ltd., Francisco Partners, HID Global Corporation, Identiv Inc., Ingenico SA, Intelcav Cartões Ltda., Inteligensa Group, Kona M Co. Ltd., NXP Semiconductors Austria GmbH Co. & KG, Perfect Plastic Printing Corp., Samsung Electronics Co. Ltd., Secura Key, Sony Corporation, Square Inc., Thales Group, Valid S. A., VeriFone Inc., Watchdata Technologies Ltd., Taglio LLC, Cardzgroup Ltd.

Smart Card Market 2024 Key Insights:

• The smart card market size is expected to see strong growth in the next few years. It will grow to $32.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Surge In Contactless Payments To Drive Market Growth
• Technological Advancements Driving Innovation In The Smart Card Market
• Asia-Pacific was the largest region in the smart card market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7028&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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 Global Market Report 2024 To 2033 | CardLogix Corporation, CPI Card Group - Colorado Inc., Giesecke & Devrient GmbH, IDEMIA, Infineon Technologies AG here

News-ID: 3761104 • Views:

More Releases from The Business research company

Surging Demand For Frozen And Processed Food Boosts Growth In The Industrial Refrigeration System Market: Strategic Insights Driving Industrial Refrigeration Systems Market Momentum in 2025
Surging Demand For Frozen And Processed Food Boosts Growth In The Industrial Ref …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Industrial Refrigeration Systems Market Size By 2025? The market size for industrial refrigeration systems has seen a consistent expansion in recent years. Its value is projected to escalate from $23.27 billion in 2024 to $24.3 billion in 2025, representing a compound annual growth rate (CAGR)
2025-2034 HVAC System Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 HVAC System Market Evolution: Disruptions, Innovations, and Untapped O …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the HVAC System Market Through 2025? The market size of the hvac system has been incrementally increasing over the past few years. It is predicted to expand from a market worth $182.15 billion in 2024 to $189.81 billion in 2025, exhibiting a compound
Gas Phase Filtration Market Poised to Hit $2.69 Billion by 2029 with Accelerating Growth Trends
Gas Phase Filtration Market Poised to Hit $2.69 Billion by 2029 with Acceleratin …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Gas Phase Filtration Market Size Growth Forecast: What to Expect by 2025? The market size for gas phase filtration has seen consistent growth in the last few years. The market is projected to expand from a value of $2.09 billion in 2024 to $2.18 billion in 2025, indicating a
Flue Gas Desulfurization System Market Growth Accelerates: Strategic Forecast Predicts $26.96 Billion by 2029
Flue Gas Desulfurization System Market Growth Accelerates: Strategic Forecast Pr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Flue Gas Desulfurization System Industry Market Size Be by 2025? The market size of the flue gas desulfurization system has experienced consistent growth in the past few years. From $20.61 billion in 2024, it's projected to rise to $21.46 billion in 2025, indicating a compound annual

All 5 Releases


More Releases for Card

Gift Card and Incentive Card Market Set for Explosive Growth | National Gift Car …
A new business intelligence report released by AMA with title "Gift Card and Incentive Card Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Gift Card and Incentive Card Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through
IC Card/Smart Card Market 2022 | Detailed Report
The IC Card/Smart Card research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the IC Card/Smart Card research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force. Download FREE Sample Report
Prepaid Card Market by Card Type (Single-purpose prepaid card, and Multi-purpose …
Higher preference of prepaid cards to bank account cards has attributed to cost-effectiveness and flexibility. Moreover, increase in awareness and convenience of these cards enhance the adoption of prepaid cards. Furthermore, emerging applications & acceptance of these prepaid cards for various transactions and increasing popularity among individuals traveling abroad are expected to boost the market growth in the future. A new report published by Allied Market Research, titled, Prepaid Card Market
Prepaid Card Market by Card Type (Single-purpose prepaid card, and Multi-purpose …
Higher preference of prepaid cards to bank account cards has attributed to cost-effectiveness and flexibility. Moreover, increase in awareness and convenience of these cards enhance the adoption of prepaid cards. Furthermore, emerging applications & acceptance of these prepaid cards for various transactions and increasing popularity among individuals traveling abroad are expected to boost the market growth in the future Prepaid Card Market is projected to grow at a CAGR of 22.7%
Card Intelligent Lock Market Report 2018: Segmentation by Type (Magnetic card Lo …
Global Card Intelligent Lock market research report provides company profile for Tri-circle, Dessmann, Royalwand, Bangpai, ZKTeco, Schlage, KEYLOCK, Yale, Tenon, KAADAS, BE-TECH 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 2025, etc. The report also
Prepaid Card Market Report 2018: Segmentation by Card Type (Single-purpose prepa …
Global Prepaid Card market research report provides company profile for Green Dot Corporation, NetSpend Holdings, Inc., H&R Block Inc., American Express Company, JPMorgan Chase & Co., PayPal Holdings, Inc., BBVA Compass Bancshares, Inc. 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