Smart Card Market: Summary
The Global Smart Card Market is estimated to reach USD 21.8 Billion in 2024 at a CAGR of 9.8%. Increasing emphasis on promoting cashless economy, increasing adoption of e-passport and e-visa services and rising demand in BFSI sector is expected to drive the smart card market during the forecast period. However, High cost and uncertainty of overseas transaction is expected to restrain the market during the forecast period. Launching of EMV card with fingerprint biometrics opportunity for smart card market.
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Smart card is a physical card that include integrated chip. It is mostly use for security identification, payment application and in digital platform. Some key players in smart card are Gemalto NV, Cardlogix Corporation, Giesecke+Devrient GmbH, Infineon Technologies AG, IDEMIA, NXP Semiconductors, and ASSA ABLOY among other.
Smart Card Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the basis of type, the market is segmented into contact smart cards, contactless smart cards, hybrid smart cards, duel interface cards, memory smart cards and microprocessor smart cards.
- by component, the smart card market is segmented into memory based and microcontroller based.
- by end use industry the market is segmented into BFSI, retail, healthcare, government, IT & telecommunication and others.
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SMART CARD Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
SMART CARD Market, by Type
- Contact Smart Cards
- Contactless Smart Cards
- Hybrid Smart Cards
- Duel Interface Cards
- Memory Smart Cards
- Microprocessor Smart Cards
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SMART CARD Market, by Component
- Memory Based
- Microcontroller Based
SMART CARD Market by, End-Use Industry
- IT & Telecommunication
Read Press Release of Global SMART CARD Market for More Information:
SMART CARD Market by Region
- North America
- Middle East and Africa
- South America
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