Smart Card Market: Top Growth Pockets Promising Market Dominance 2026

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Global Smart Card Market Factors Helping to
Maintain Strong Position Globally 2020-2026
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Industry Overview

• Accordingly, to Global Market Insights research
  report the global smart card Market is projected
  to observe significant expansion over the coming
  years due to the increasing demand for safe and
  secure payment transactions across retail as well
  as transit markets. Cyberattacks pose a high risk
  across transit and retail sectors, which is
  creating the need for smart cards for
  applications like employee identity, citizen
  identity, and healthcare, thereby increasing the
  industry outlook.
• In addition to the increased security, data
  integrity offered by the product would play a
  crucial role in promoting its adoption across
  industries for storing vital information.
  Additionally, smart cards also provide better
  flexibility as they can store multiple types of
  data like credit cards, family and business
  contacts, and identification. This combination of
  flexibility and integrity would allow them to
  stake a claim across a plethora of industry
  verticals.
• Owing, in part, to the aforementioned factors,
  Global Market Insights Inc. estimates, the global
  smart card market is likely to exceed a valuation
  of 75 billion by 2026.

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• Currently, numerous (Point-of-Sale) POS
  manufacturers are combining their products with
  advanced technology, fostering industry
  expansion. POS manufacturers are focusing on
  innovating advanced solutions that are integrated
  functions like employee management, warehouse
  management, as well as sales order management.
  These integrated features allow retailers to
  provide value-added shopping benefits for
  customers. Moreover, this consumer-centric
  approach provided by POS solutions also allows
  retailers to effectively expand their respective
  consumer base, ensuring more growth for smart
  card market.
• With reference to the product segment, the
  consistently growing implementation of hybrid
  cards for control and access applications across
  schools, campuses, offices, and colleges is
  propelling the demand for these cards in the
  market. Hybrid cards have a microprocessor smart
  card Market chip and a contactless RFID proximity
  chip that does not have no interface.
• Geographically, a significant upsurge in the
  number of foreign banks across Latin America is
  slated to push EVM card adoption in the region.
  Regulatory agencies in the region are
  increasingly focusing on rolling out contactless
  technology across local public transportation
  which is further complementing the smart card
  market size.

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Growth Drivers

• Ongoing technological advancements
• Growing adoption in the banking and financial
  sector
• Infrastructure development initiatives stimulate
  smart card demand
• Rising demand in the healthcare sector in Europe
• Increasing investments and developments in Asia
  Pacific

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• Top key player Are
• American Banknote Corporation
• Bartronics India Limited
• Cardcom Technology
• CardLogix Corporation
• CPI Card Group
• Eastcompeace Technology Co. Ltd
• Giesecke Devrient (GD) GmbH
• GOLDPAC Group
• Hengbao Co. Ltd.
• IDEMIA
• Infineon Technologies AG
• Ingenico Group
• Inteligensa Group
• Kona I Co. Ltd.
• NXP Semiconductors N.V.
• Perfect Plastic Printing Corporation
• Identiv Inc.

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