Smart card Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

Smart card Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

  • Published: November 2015
  • ID: SMRC15252

The Global Smart card Market is estimated to be $6,191.4 million in 2014 and is expected to reach $10.32 billion by 2022 growing at a CAGR of 6.6% from 2014 to 2022. Some of the key drivers for the market growth include escalating demand for safe and consistent transactions, growing number of mobile users, rising adoption of smart cards for ticketing, driver's license, telecommunication, toll collection, etc. However, price pressures and technological challenges are inhibiting the growth of Smart card market.

Retail and BFSI industry segments are the fastest growing segments of smart card market. Asia Pacific is anticipated to retain its leading position and is analyzed to be the fastest growing market during the forecast period. From application side, telecom sector mainly 3G dominates the smart card use, while from growth perspective transportation sector remains the most dynamic sector. Payment chip-card market shows an apparent swing towards contactless and converging applications. Contactless payment can be performed with smart cards and with mobile devices. In meticulous, the demand for Dual Interface (DIF) payment cards is growing

The key players in the smart card global market are Siemens IT solutions and services, Sony corp, Samsung Electronics, Ingenico SA, Thales SA, Verifone system Inc, Infineon technologies, Fujitsu ltd, Datacard corp and Renesas Electronics.

Components Covered:

• Microcontroller Cards

• Memory Cards

Applications Covered:

• Healthcare

• Transportation

• Telecommunications

• Banking, Financial Services and Insurance (BFSI)

• Retail

• Others

Types Covered:

• Contact Smart Card

• Contactless Smart Card

• Hybrid Smart Card

• Others

Regions Covered:

• North America

o US

o Canada

• Europe

o Germany

o France

o Italy

o UK 

o Spain       

• Asia Pacific

o Japan       

o China       

o India       

o Australia       

o New Zealand      

o Rest of Asia      

• Rest of the World

o Latin America

o Middle East      

o Africa       

o Others      

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

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