Smart Card Market is Estimated to Reach USD 21.8 Billion in
2024 at a CAGR of 9.8%
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.
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 Scope