Global Smart Card Market to Grow at a CAGR Of 8.7% During the Period 2017-2022

Report Highlights

The global market for Smart Card Technologies reached $6.7 billion in 2016. This market is expected to increase from nearly $7.3 billion in 2017 to $11.0 billion in 2022 at a compound annual growth rate (CAGR) of 8.7% for 2017-2022.

Report Includes

-An overview of the global market for smart card security and technology.
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of CAGRs through 2022.
-Description of the various security technologies for smart cards to ensure the goal of keeping security assurance out of reach.
-Discussion on the continued expansion of smart card functions for their integration and use in mobility, the Internet of Things, and new payment and data management methods.
-A look at the opportunities for and obstacles to the capability of smart cards.
-Review of the use of smart cards as tools for identification and authentication, which in turn will raise new growth opportunities for manufacturers and service providers.
-Profiles of major players in the industry.

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The global smart card technologies market has greatly expanded since published its 2012 report. Smart card technologies have become the primary means of payment and authentication for many user segments and applications (apps). In addition to the proliferation of plastic cards bearing smart card technology, mobile phones, tablets and Internet of Things (IoT) devices have also adopted variations of smart card technology to enable transactions.

As an increasingly common means of authentication and storage for personal information, smart card technologies are benefiting from the increased digitization of content and growth of smart mobile devices. At the same time, smart card security has also grown in importance, as access to card data can open up numerous vulnerabilities, including identity or financial system theft.

Study Goals and Objectives

The goal of this report is to update the trends, sizing and forecast for smart card technology. The market opportunity is expressed in terms of potential revenue for the addressable market for the technologies by region, technology type, end-user segment and application. This report serves as an update to research’s previous smart card report (IFT008G) published in 2012.

Reasons for Doing This Study

The purpose of the study is to review the market size and forecasts for smart card technologies. This data will enable manufacturers to determine the most effective research and development (R&D), product packaging, and marketing and sales strategies.

Scope of Report

This report covers the global market for smart card technologies and regional analysis of North America, Latin America, Europe, the Middle East and Africa, and the Asia-Pacific region. Component segments include major smart card technologies, smart card types, platforms, protocols, standards and applications.

From a definition standpoint, this report includes sizing and forecasting for smart card technologies embedded into mobile devices, including subscriber identify modules (SIM), embedded SIM (eSIM), universal integrated circuit cards (UICC) and embedded UICC (eUICC), as well as traditional smart cards, such as national identity, company or government access control and consumer payment, and store or credit cards.

Information Sources

The primary information sources include global manufacturers and suppliers of smart card technologies and associated products, suppliers for these product manufacturers, major users of these products, research organizations, governmental agencies, trade associations and various equipment suppliers. Additional secondary research sources, including databases, trade literature, specialized journals and government statistics, were also researched while compiling this report.

Methodology

Both primary and secondary research methodologies were used in the preparation of this report. Initially, a comprehensive and exhaustive search of the literature on connected medical devices was conducted. These sources include relevant journals and related books, trade literature, marketing literature, other product and promotional literature, annual reports, analyst reports and other publications. Subsequently, telephone interviews and e-mail correspondence were conducted with marketing executives, product sales engineers, international sales managers, application engineers and other personnel of connected medical device companies. Other sources included academics, related suppliers, technical experts and consulting companies.

Regional Breakdown

In this report, the regions considered for market analysis only include:

North America.
Latin America.
Middle East and Africa.
Europe.
Asia-Pacific.

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This release was published on openPR.