Smart Cards Market Size & Analysis -Forecasts To 2025 - PowerPoint PPT Presentation

About This Presentation
Title:

Smart Cards Market Size & Analysis -Forecasts To 2025

Description:

Global Market Estimates is a market research and business consulting company who has proven track record in serving Fortune 500 companies. Request for a sample copy of the ‘Smart Cards Market’ Market report@: – PowerPoint PPT presentation

Number of Views:35

less

Transcript and Presenter's Notes

Title: Smart Cards Market Size & Analysis -Forecasts To 2025


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Smart Cards
Market. Market Insights The global smart cards
market is anticipated to grow at a high CAGR over
the forecast period. Increased government
emphasis on cashless transactions has
significantly increased the number of online
transactions across the world, thereby augmenting
the demand for smart cards. The market growth
can also be attributed to its increased
application across several verticals including
telecommunications, healthcare, e-commerce
retail, and BFSI among others. The industries
which previously used to rely on other machine
readable technologies have started shifting
their focus to smart cards as the calculated
return on investment is growing per year. The
growing number of security breaches across the
globe has led to an increase in security
awareness thus increasing the demand for smart
cards in the foreseeable future. Their
reliability and enhanced security features are
the best attributes that contribute to the growth
of overall smart cards market. Apart from
information security, smart cards can ensure
greater security of services and equipment by
providing access to only authorized users. Also,
high reliance of consumers on Near Field
Communication, Internet of Things, and e-commerce
among others are likely to augment the market
growth over the years. Moreover, growing trend of
M2M communication along with rising need for
storage and processing capabilities, are further
likely to stimulate the market growth. However,
high migration costs associated with these cards
are likely to hinder the market growth.
Moreover, the payment merchants hesitate to
accept capital-intensive point of sale terminals
which is also likely to affect profitability of
market.
2
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Smart Cards Market Type Insights The market is
segmented into Contact Cards, Contactless Cards,
and Multi Component Cards, based on type. Multi
component card segment is anticipated to grow at
the highest CAGR over the forecast period due to
its effectiveness and advanced security
applications. These cards are for specific
market applications. The segment is further
divided into Vault Cards, Fingerprint Cards, One
time display cards, Bio-Assaying Fluidics Sensor
Cards. Contact cards are the most commonly used
type of smart cards and it accounted for a
significant share in 2016 due to increased level
of processing power, flexibility and
memory. Smart Cards Market Connectivity
Insights By connectivity, the market is divided
into direct physical contact and wireless
connectivity. Wireless connectivity segment is
projected to grow lucratively in the forecast
period due to its easy applicability, increased
mobility, and scalability. The transactions using
direct physical contact has also accounted for a
substantial share in 2016. Smart Cards Market
Chip Type Insights The market is segmented into
memory chips and microcontroller chips, based on
chip type. Memory chips segment is likely to
register steady growth over the coming years due
to its increased application in verticals such
as banking, retail, and healthcare sectors. On
the other hand, microcontroller chips are
advanced and possess enhanced security features.
This, in turn is expected to boost the segment
growth by 2024.
3
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Smart Cards Market Operating System
Insights The market is segregated into Fixed
File Structure Card Operating System, Dynamic
Application Card Operating System. Dynamic
application card operating system successfully
fulfills the ecosystem requirements of security
credentials. The segment is anticipated to grow
at a substantial rate over the years. However,
high cost associated with it might hamper the
demand for the segment. Smart Cards Market
Application Insights Based on application, the
market is segmented into telecommunications,
domestic applications, e- commerce retail,
BFSI, government, healthcare, hospitality,
others. Telecommunication sector is likely to
witness the highest growth rate over the forecast
period due to increased consumption of PCs,
laptops, and smart phones among others across the
world. In 2016, the smart cards accounted for
shipments of 5.4 billion smart cards in
telecommunication sector. BFSI and healthcare
segment are also expected to hold substantial
market share over the coming years. Healthcare
organizations are also incorporating wide usage
of smart cards with varied features and
applications. Smart Cards Market Regional
Insights The market in Asia Pacific is
anticipated to witness an accelerated growth over
the forecast period attributing to the
increasing number of consumer electronics
industries in this region. Demand is primarily
expected to arise from countries such as Japan,
China, and India. Moreover, the increasing
government initiatives such as Digital India are
expected to boost the growth of the smart cards
market in India. Europe also held a significant
market share in 2016 followed by North America.
The regional growth of Europe is attributed to
increased usage of smart cards in health
insurance and banking sectors. Demand is majorly
expected to arise from Germany.
4
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • Smart Cards Market Vendor Landscape
  • The report contains a chapter dedicated to
    vendors operating in the market, covering raw
    material manufactures, equipment developers,
    manufacturers, and distributors. The report
    provides these insights on a regional level.
    This section of the report entails contact
    details, experience, products manufactured/suppli
    ed, and geographical presence of companies.
  • Smart Cards Market Competitive Landscape
  • The global market for smart cards is
    significantly large due to the presence of
    numerous manufacturers. Some of the key players
    profiled in the report include Gemalto NV,
    Infineon Technologies AG, Texas Instruments, NXP
    Semiconductors NV, Arm Holdings PLC, Atmel Corp,
    Datacard Corp, Diebold Inc, Fujitsu Ltd, Giesecke
    Devrient Gmbh, and Inside Secure SA among
    others.
  • The report segments the Smart Cards Market on the
    basis of By Type
  • Contact Cards
  • Contactless Cards
  • Multi Component Cards

5
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • By Connectivity
  • Direct Physical Contact (card dipping)
  • Wireless Connectivity
  • By Chip Type
  • Microcontroller Chip
  • Memory Chip
  • By Operating System
  • Fixed File Structure Card Operating System
  • Dynamic Application Card Operating System
  • By Application
  • Telecommunications

6
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa
  • This article contains text from the Smart
    Cards Market Size Analysis -Forecasts To 2025
    report prepared by Global Market Estimates. For
    more information or to buy the report, please
    visit https//www.globalmarketestimates.com/smar
    t-cards-market/
  • Check our annual research partnership service
    at
  • https//www.globalmarketestimates.com/annual-resea
    rch-partnership-services/
Write a Comment
User Comments (0)
About PowerShow.com