Smart Card Market Share Value Projected to Expand
by 2019-2024
Forencis Research in its report titled, “Smart Card Market Size, Share, Industry - Global Forecast
from 2019 To 2024,” offers comprehensive insights and detailed research on the global Smart Card
market over the forecast period 2019 – 2024. The report covers the key factors that are propelling
the growth of the Smart Card market, untapped lucrative opportunities for manufacturers, latest
trends and latest developments that are shaping the growth of the market and other valuable
insights across different market segments.
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.
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.
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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