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Latest Report Details on Contactless EMV Cards Market Size & Share, Growth, Trends and Forecast 2017 - 2025

Latest Report Details on Contactless EMV Cards Market Size &

Research Report on "Contactless EMV Cards Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025".

The main objective of this report is to define, describe, and forecast the global “Contactless EMV Cards” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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EMV (Europay, MasterCard and Visa) is a payment technology for smart payment cards such as debit or credit card at POS (Point Of Sale) or ATM (Automated Tellar Machines). Contactless EMV cards are used to make payments without any physical contact with a machine. Contactless EMV cards work on RFID (Radio Frequency Identification) technology. Other than contactless EMV cards other means of contactless payments are NFC (Near Field Communication) phones, jewellery & rings, wristband and smart watches among others. In contactless payment market EMV cards is expected to hold the major share.

Payment through contactless EMV cards are fast, easy and secure for users. Cost of paper ticket or ‘smart’ ticket represents a substantial portion of cost of sale, while cash handling is an issue. After initial infrastructure for contactless payment is outlaid its operation cost is lower than traditional payment methods lowering transport operators cost in the log run. All these factors are leading to rise in demand for contactless EMV cards among card users and transportation authority in various countries. In U.K., leading bus operators have committed to make all buses contactless by 2022 and the U.K. rail industry intends to remove paper ticket by 2025.

Increasing government initiative to adopt contactless EMV cards payment which aims to reduce the overall transportation cost is expected to create growth opportunity for the market during the forecasted period

Global contactless EMV card can be segmented based on type, end-use industry and geography. The market when segmented by type are RFID contactless EMV cards, RFIC (Radio Frequency Integrated Circuit) Contactless EMV cards, RFCPU Contactless EMV cards. By market when segmented by end-use industry are healthcare, government IDs (e-passport), retail sector, transport sector and other end-use industries.

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By geography the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America is expected to be a prominent contactless EMV cards market in the world. The U.S. is expected to be the dominant market in the region followed by Canada and Mexico. Europe has one of the highest adoption of contactless EMV payments and is one of the major markets in the world. The U.K. is expected to be the leading market for contactless EMV cards payment in Europe. Other major markets for contactless EMV cards in Europe are expected to be Germany, France, Italy and Spain. In 2014 contactless payment was first introduced in underground rail services in London, the U.K when an agreement was reached between the U.K. Card Association and Transport of London in 2013. Currently the U.K. as a whole is expected to develop Contactless Transit Framework for different transportation types for the U.K. Thus contactless payment market is anticipated to have a high growth rate during the forecasted period. In Eastern Europe contactless EMV cards payment is also expected to have a high growth rate in Czech Republic, Poland, Hungary and Slovakia. Asia-Pacific is expected to be a significant contactless EMV cards market in the world. Australia is expected to be a leading player in contactless EMV Cards market in Asia Pacific region. Other major markets for contactless EMV cards in Asia-Pacific region expected to have high adoption of contactless payments are Singapore, Taiwan, Japan, South Korea, China and India. Middle East & Africa is expected to be a significant contactless EMV cards market lead by Saudi Arabia, UAE, Turkey, South Africa and others. South America is another significant contactless EMV cards market which includes Brazil and Argentina.

The major players operating in the market are Gemalto N.V., NXP Semiconductors, Infineon Technologies, Giesecke & Devrient, Oberthur Technologies, ABCorp (American Banknote Corporation), Safran, Beijing Watchdata Co. Ltd, American Express, CardLogix among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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