Central Card Issuance Solutions Market Growth Accelerates: Strategic Forecast Predicts $4.03 Billion by 2029

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What Will the Central Card Issuance Solutions Industry Market Size Be by 2025?
The market size of central card issuance solutions has been significantly expanding in recent years. It's predicted to rise from $2.62 billion in 2024 to $2.87 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.2%. The historical growth is due to factors like heightened demand for secure banking cards, greater acceptance of central card printing systems, upturn in credit and debit card usage, an increase in government-backed ID card programs, a push for effective card personalization, and growth in financial inclusion initiatives.

What's the Long-Term Growth Forecast for the Central Card Issuance Solutions Market Size Through 2029?
Expectations are high for the central card issuance solutions market size to exhibit robust growth in the coming years, with predictions of reaching $4.03 billion by 2029, representing a compound annual growth rate (CAGR) of 8.9%. This expected surge during the forecast period is due, in part, to the rise in digital banking penetration, growing demand for contactless and EMV cards, an uptick in the requirement for quick and secure issuance, heightened outsourcing of card issuance services, and the escalating advancements in fintech. Noteworthy trends projected for the forecast period consist of improvements in chip and biometric card technologies, innovations in issuance automation and robotics, collaborations with cloud-based card management systems, enhanced security measures such as tokenization and encryption, the incorporation of AI in deterrence of fraud, and advancements in environmentally friendly card materials.

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What Are the Key Growth Drivers Fueling the Central Card Issuance Solutions Market Expansion?
The boom in the number of transactions made through cards is set to fuel the expansion of the central card issuance solutions market in the near future. This includes transactions made using debit, credit, and prepaid cards via digital platforms or physical terminals. The surge in such transactions can be attributed to the increasing inclination of consumers towards convenience, as it offers expedient, contactless payments, eliminating the need to handle cash. Central card issuance solutions offer the secure generation of highly personalised cards that carry encrypted account and security information, facilitating speedy activation and hassle-free usage for payments, identity confirmation, and access regulation. For instance, the European Central Bank, a Germany-based central bank, reported in November 2023 that card payments in the European Union spiked by 13.5% in the latter half of 2022, hitting 35.8 billion transactions, an increase from the first half of the year. Hence, the rise in card-based transactions is fuelling the central card issuance solutions market's growth.

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What Are the Key Trends Driving Central Card Issuance Solutions Market Growth?
Key players in the central card issuance solutions market, such as card printers, are aiming to elevate the quality of card personalization and cater to the growing need for secure, high-volume issuance. A card printer is a specialized device that prints and personalizes plastic cards such as ID, payment, access, and membership cards. It accomplishes this by encoding information and adding visual or security features like pictures, text, barcodes, or magnetic stripes. These printers ensure the secure and efficient issuance of cards across several applications. For instance, in September 2024, HID Global Corporation, a company based in the US that provides identity solutions, introduced the FARGO HDP5000e. This next-generation retransfer card printer is designed to deliver high-definition cards and IDs with vibrant colors. It also offers improved reliability, usability, and performance. It provides enhanced card throughput, advanced security features such as AES-256 encryption, and simplified maintenance to reduce downtime. This makes it an ideal choice for universities, businesses, healthcare, and government agencies. The FARGO HDP5000e model establishes a new benchmark in retransfer card printing, boasting sharp, vivid imagery and high printer reliability.

How Is the Central Card Issuance Solutions Market Segmented?
The central card issuance solutions market covered in this report is segmented -

1) By Component: Software, Hardware, Services
2) By Card Type: Credit Cards, Debit Cards, Prepaid Cards, Gift Cards, Corporate Cards
3) By Technology: Europay, MasterCard, And Visa, Magstripe Technology, Contactless Or Secure Near Field Communication Technology, Chip Cards
4) By Application: Residential Use, Commercial Use, Industrial Use, Agricultural Use
5) By End-User: Banking, Financial Services, And Insurance (BFSI), Government, Retail, Healthcare, Other End-Users

Subsegments:
1) By Software: Card Management System, Personalization Software, Europay, MasterCard, And Visa (EMV) Software, Security And Compliance Software, Card Issuance Platform
2) By Hardware: Card Printers, Embossing Machines, Card Dispensers, Encoding Machines, Lamination Equipment
3) By Services: Managed Services, Consulting Services, Integration And Deployment Services, Support And Maintenance Services, Personalization Services

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Which Companies Are Leading the Charge in Central Card Issuance Solutions Market Innovation?
Major companies operating in the central card issuance solutions market are Thales Group, Fiserv Inc., Zebra Technologies, Worldline S.A, IDEMIA, Giesecke+Devrient GmbH, HID Global Corporation, Entrust Corporation, CPI Card Group, Paragon ID, Goldpac Group, Evolis, Tas Group, Matica Technologies Group SA, Watchdata, Atlantic Zeiser, Toppan Gravity Limited, HITI Digital, Wisecard Technology Co. Ltd., CardLogix Corporation

Which Regions Are Leading the Global Central Card Issuance Solutions Market in Revenue?
North America was the largest region in the central card issuance solutions market in 2024. The regions covered in the central card issuance solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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