Smart Card Market Majorly Driven By Increasing Adoption Of Cellular SIM Cards In The Telecom Industry
Increasing demand for smart cards in telecommunication, government, and transportation sectors, and for payment applications are key factors fueling growth of the global smart card market. Increasing number of online transactions is raising associated risks of security breach, identity and data theft etc. Smart cards such as EMV (Europay, MasterCard, and Visa) offer enhanced security and help in limiting security risk associated with online payments. 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.
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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.
Top Industry Players:
This report studies the global Smart Card Readers market, analyzes and researches the Smart Card Readers development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, ARM Holdings, Atmel, DataCard, Infineon Technologies, MasterCard, Visa, Staples Inc., IOGEAR, Cherry, HID Global, HP, SIIG, SMK-LINK, DISTUNOW, LEEF, Lenovo, Adesso.
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• Quantitative analysis of the current trends and forecast from 2018 to 2023 are provided to showcase the Smart Card Readers of the market.
• The study provides an in-depth analysis of the global Smart Card Readers market with current and future trends to elucidate the prominent investment pockets for investors.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
• The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
• Porters Five Force model of the industry and SWOT analysis illustrates the potency of the buyers & suppliers participating in the market and the competitive rivalry among them.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
• Dual Interface-based
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
• Government & Public Utilities
Region Coverage (Regional Output, Demand & Forecast by Countries etc.):
• North America
• South America
• Middle East & Africa
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