Press release
Smart Cards Market: Established Players Are Focusing on Smart Card Products For Telecom Application In Emerging Economies to Gain Better Market Access over Forecast Period
The global smart card market value is anticipated to increase from US$ 7,894.2 Mn in 2015 to US$ 15,050.2 Mn by 2024, expanding at a CAGR of 8.4% during the forecast period.
Obtain Report Details @
https://www.persistencemarketresearch.com/market-research/smart-cards-market.asp
Growth of the global smart card market is majorly driven by increasing adoption of cellular subscriber identity module (SIMs) in the telecom industry. Growth of the global smart card market is also expected to be driven by increased penetration of mobile phones in emerging economies in the Middle East and Asia Pacific.
One of the major restraints for growth of the smart card market is high cost for migration to smart cards. Reluctance in adoption of capital-intensive Point of Sale (PoS) terminals is impacting adoption of smart cards, especially for payment and financial applications.
Restraints for growth of the global smart card market include the presence and development of alternate payment technologies such as contactless and near field communication (NFC) based devices.
Make an Enquiry @
https://www.persistencemarketresearch.com/samples/11149
In 2015, among the different card type segments, contact-based card segment is expected to contribute highest in terms of revenue. The segment was valued at US$ 5,049.7 Mn and is estimated to reach a market value of US$ 8,124.4 Mn by the end of 2024. The micro-controller card segment was valued at US$ 5,626.1 Mn in 2015 and expected to expand at CAGR 8.8% to reach value of US$11,108.0 Mn by 2024 end.
In 2015, the telecommunication segment accounted for 48.7% value share of the overall smart card market in 2015, which is expected to increase to 53.5% by the end of 2024.
In terms of volume, the Asia Pacific smart card market dominated the overall market in 2015, and is expected to sustain its dominance over the forecast period. The smart card market in Asia Pacific is estimated to contribute 49.3% in terms of volume (Mn units) by 2024 end. In 2015, among the different access type, sales of logical access card is expected to reach 10,223 Units by 2024 end exhibiting CAGR of 9.5%.
Key players in the smart card market include NXP Semiconductors N.V., Infineon Technologies AG, Gemalto N.V., Insidesecure SA, CPI Card Group Inc., Morpho SA, Oberthur Technologies, Giesecke, and Devrient GmbH Watchdata Technologies among other players.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
Contact
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
T: +1-646-568-7751
Tollfree: +1 800-961-0353
Website: https://www.persistencemarketresearch.com
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 Cards Market: Established Players Are Focusing on Smart Card Products For Telecom Application In Emerging Economies to Gain Better Market Access over Forecast Period here
News-ID: 724261 • Views: …
More Releases from Persistance Market Research
DNA/RNA Extraction Machine Market to Grow at 7.2% CAGR Through 2031, Says Persis …
The global DNA/RNA extraction machine market is poised for significant expansion, fueled by the rise of molecular diagnostics, the genomics boom, and increasing investments in biomedical research. These machines serve a critical role in isolating and purifying nucleic acids from various biological samples, forming the foundation for downstream applications like PCR, sequencing, and diagnostics.
In 2024, the DNA/RNA extraction machine market is estimated at US$1.4 billion, with forecasts projecting growth…
Quinoa Market Set to Hit US$2.3 Bn by 2031, Riding a Strong 9.8% CAGR
The global quinoa market is poised for remarkable growth in the coming years, with projections estimating a market value of US$2.3 billion by 2031, up from US$1.2 billion in 2024. Driven by increasing consumer demand for nutritious and organic food options, the market is expected to register a CAGR of 9.8% between 2024 and 2031, According to Persistence Market Research.
Request a sample report@ https://www.persistencemarketresearch.com/samples/34798
Key Market Drivers
One of the key drivers…
Evolving Trends in the Insulin Pens Market: A Comprehensive Report
Market Overview:
The Insulin Pens Market has witnessed remarkable growth and innovation over the years. Insulin pens are medical devices used by individuals with diabetes to administer insulin easily and accurately. These devices have become an integral part of diabetes management, offering numerous advantages over traditional insulin delivery methods, such as syringes and vials.
In 2022, the global market for insulin pens brought in US$ 16.2 billion in revenue and is predicted…
Smart Machines Market to register growth at a CAGR of 20.1% throughout 2023-2033
The market for smart machines was valued at US$ 73,456.2 Mn in 2022, and it is expected to grow to US$ 5,44,986.6 Mn by the end of 2033. In 2023, the market for smart machines is expected to be worth US$ 87,045.6 Mn. From 2023 to 2033, the market for Smart Machines is expected to grow at a CAGR of 20.1%.
The market for artificially intelligent machines and systems that can…
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…
