Global Smart Cards Market is expected to reach USD 15.4 billion by 2025. Smart cards are also termed as integrated circuit card (ICC), or chip card is a security token that has a fixed computer chip that can be a microprocessor or memory type which transacts and stores data. The data is mainly related to either information and value, or both. The card may be a plastic or metal and can connect to a reader by short-range wireless connectivity like near field communication (NFC) or by direct physical contact. The Smart Card Market is estimated to grow at a significant CAGR of 7.9 % over the forecast period as the scope and its applications are rising enormously across the globe.

High demand for online shopping and banking experience, easy access to e-government services, reliable and secure online payments allow consumers to use online payment methods, and rising demand for contactless smart cards are documented as major factors of Smart Cards Market that are estimated to enhance the growth in the years to come. However, aversion of payment dealers to accept capital-intensive point of sale (POS) terminal machinery and high cost of integrating chip cards are the factors that may restrain overall market in the coming years. Smart Cards industry is segmented based on type, component, application, and region.

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Contactless smart card and contact smart card are the types that could be explored in Smart Cards in the forecast period. Contact smart cards sector accounted for the largest market share of Smart Cards and is estimated to lead the overall market in the coming years. This may be because of its use in retail applications, BFSI, and government & healthcare applications. Also, the contactless smart cards sector is estimated to grow at fastest pace in the coming years, as electronic payment systems are speedily swapping carry and cash operations.

Services, hardware, software, smart cards, and readers are the components that could be explored in Smart Cards in the forecast period. Hardware sector accounted for the substantial market share of Smart Cards and is estimated to lead the overall market in the coming years. This may be because of rising acceptance of smart cards by readers in emerging countries. Also, the software sector is estimated to grow at fastest pace in the coming years. Software sector includes databases and management system software.

The market may be categorized based on applications like enterprises, entertainment, and education; banking financial service, and insurance (BFSI); retail; government and healthcare; transportation; and others could be explored in the forecast period.

Globally, Asia Pacific accounted for the substantial market share of Smart Cards and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand mainly in the healthcare, transportation, government, BFSI, and retail sectors. The industries in the emerging countries like Thailand, India, Malaysia, and China are applying smart cards to make the easy process for documentation and payments.

The key players of Smart Card Market are Texas Instruments, Inc., American Express Company, NXP Semiconductors NV, Atos SE, Inside Secure SA, CPI Card Group, Inc., Infineon Technologies AG, and Giesecke & Devrient (G&D) GmbH. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Smart Cards Type Outlook (Revenue, USD Million; 2014 - 2025)
• Contact cards
• Contactless cards
• Multi-component cards

Smart Cards Component Outlook (Revenue, USD Million; 2014 - 2025)
• Memory-based
• Microcontroller-based

Smart Cards Application Outlook (Revenue, USD Million; 2014 - 2025)
• BFSI
• Government
• Telecommunications
• Retail
• Healthcare
• Hospitality
• Others

Smart Cards Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• Europe
• Russia
• Asia Pacific
• Rest of the world

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May 16, 2019: The global smart cards market is predicted to reach USD 15.4 billion by 2025, according to a new study by Grand View Research, Inc. The increasing demand for the product, across various applications, such as payment transactions, cell phones, ID verification & access controls, is presumed to favor the market growth over the forecast period. Smart cards are used in several applications including the retail, healthcare, government, and hospitality sectors, promoting the market demand over the forecast period by providing effective data storage, efficient payment transactions, and faster processing time.

The increasing use of smart cards in the telecommunication and BFSI segments is expected to drive the market over the next nine years. Their implementation in retail applications enables secure transactions and provides new opportunities to the market.

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Smart cards are extensively used to enable secure payment transactions and to promote cashless payments, thereby, enabling cost savings for payment merchants and offering convenience to the consumers. The use of mobile phones and IoT devices has further promoted the use of SIM & data chips thereby driving the demand for the product. These devices are increasingly used in retail applications to enable faster transactions and reduce the checkout time. These advantages are enabling growth of the industry at a significant rate, over the next nine years.

Further key findings from the study suggest:

The telecommunication application segment dominated the overall market in 2015 and accounted for over 46% of the market in the same year

The contact cards segment was a key segment in 2015 and accounted for over 65% of the overall industry revenue

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Contact cards provide ease of transactions, owing to their low costs and low handling-charges. Contactless cards are also expected to grow, significantly, due to the elimination of physical card insertion and better security.

The microcontroller-based segment accounted for over 70% of the overall smart cards market in 2015

The Asia Pacific region is expected to significantly contribute to the industry growth and accounted for over 45% of the global industry revenue in 2015

The key industry participants include American Express Company, Atos SE, CPI Card Group, Gemalto NV, Giesecke & Devrient (G&D) GmbH, Infineon Technologies AG, Inside Secure SA, NXP Semiconductors NV, and Texas Instruments, Inc.

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May 15, 2019: The global smart cards market is predicted to reach USD 15.4 billion by 2025, according to a new study by Grand View Research, Inc. The increasing demand for the product, across various applications, such as payment transactions, cell phones, ID verification & access controls, is presumed to favor the market growth over the forecast period. Smart cards are used in several applications including the retail, healthcare, government, and hospitality sectors, promoting the market demand over the forecast period by providing effective data storage, efficient payment transactions, and faster processing time.

The increasing use of smart cards in the telecommunication and BFSI segments is expected to drive the market over the next nine years. Their implementation in retail applications enables secure transactions and provides new opportunities to the market.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/smart-cards-market/request-sample

Smart cards are extensively used to enable secure payment transactions and to promote cashless payments, thereby, enabling cost savings for payment merchants and offering convenience to the consumers. The use of mobile phones and IoT devices has further promoted the use of SIM & data chips thereby driving the demand for the product. These devices are increasingly used in retail applications to enable faster transactions and reduce the checkout time. These advantages are enabling growth of the industry at a significant rate, over the next nine years.

Further key findings from the study suggest:

The telecommunication application segment dominated the overall market in 2015 and accounted for over 46% of the market in the same year

Browse Full Report With TOC @ https://www.radiantinsights.com/research/smart-cards-market

The contact cards segment was a key segment in 2015 and accounted for over 65% of the overall industry revenue

Contact cards provide ease of transactions, owing to their low costs and low handling-charges. Contactless cards are also expected to grow, significantly, due to the elimination of physical card insertion and better security.

The microcontroller-based segment accounted for over 70% of the overall smart cards market in 2015

The Asia Pacific region is expected to significantly contribute to the industry growth and accounted for over 45% of the global industry revenue in 2015

The key industry participants include American Express Company, Atos SE, CPI Card Group, Gemalto NV, Giesecke & Devrient (G&D) GmbH, Infineon Technologies AG, Inside Secure SA, NXP Semiconductors NV, and Texas Instruments, Inc.

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://ictmarketforecasts.wordpress.com

February 08, 2019: This report studies the global Banking and Financial Smart Cards market status and forecast, categorizes the global Banking and Financial Smart Cards market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.

The major manufacturers covered in this report

• Gemalto
• Giesecke & Devrient
• Morpho
• Oberthur Technologies
• American Express

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• ARM
• Bell ID
• CardLogix
• DataCard
• HID Global
• MasterCard
• Smart Card IT Solutions
• Visa

Browse Full Report With TOC @ https://www.radiantinsights.com/research/global-banking-and-financial-smart-cards-market-research-report-2018

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering

• North America
• Europe
• China
• Japan
• Southeast Asia
• India

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

• Bank
• Finance
• Others

The study objectives of this report are:

• To analyze and study the global Banking and Financial Smart Cards capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
• Focuses on the key Banking and Financial Smart Cards manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Banking and Financial Smart Cards are as follows:

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://electronicsmarketweb.wordpress.com

October 24, 2018: This report focuses on the global Banking and Payment Smart Cards status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Banking and Payment Smart Cards development in United States, Europe and China.

In 2017, the global Banking and Payment Smart Cards market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2018-2025.

The key players covered in this study

• Gemalto
• Giesecke & Devrient
• Morpho
• Oberthur Technologies

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• American Express
• ARM Holdings
• Atmel
• DataCard
• Infineon Technologies
• MasterCard
• Visa
• Banking and Payment Smart Cards
• Electronics

 Read Complete Report With TOC @ https://www.radiantinsights.com/research/global-banking-and-payment-smart-cards-market-size-status-and-forecast-2018-2025

Market segment by Type, the product can be split into

• Contact-based Smart Cards
• Contactless Smart Cards

Market segment by Application, split into

• Financial Applications
• Communications Applications
• Government Programs
• Information Security
• Physical Access Control
• Transportation
• Retail and Loyalty
• Healthcare
• Student Identification

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

The study objectives of this report are:

• To analyze global Banking and Payment Smart Cards status, future forecast, growth opportunity, key market and key players.
• To present the Banking and Payment Smart Cards development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Banking and Payment Smart Cards are as follows:

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://ictmarketforecasts.wordpress.com