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Global Contactless Smart Card market size, share, revenue, growth forecast 2026

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Smart cards are used for individual authentication and identification, payments, as a transit ticket, and for authorized access within secured premises.

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Global Contactless Smart Card market size, share, revenue, growth forecast 2026

  1. 1. Copyright © PRUDOUR 2017, All Rights Reserved Global Contactless Smart Card Market Threats, Analysis, Key Players, Growth, and Forecast 2026 July 2017
  2. 2. Overview  Smart cards are pocket-sized cards made of plastic, which can be embedded with microchip or integrated circuits and then process and store data. Smart cards are used for individual authentication and identification, payments, as a transit ticket, and for authorized access within secured premises. Types of smart cards are contact-based smart cards and contactless smart cards. Contactless smart cards function on radio frequency technology for communication between smart cards and smart card reader, while contact-based smart cards need to come in contact with the card reader to function.  Primary factors driving growth of the global contactless smart card market are increasing incidence of forgery and duplication of identity owing to technological advancements in the recent past. In addition, these cards are PIN protected and difficult to decode due to which, they can be used for contactless payments. Increasing adoption in sectors such as BSFI, retail, transportation, hospitality, and government is further boosting demand for contactless smart cards. In addition, governments in several developed countries are making this technology mandatory for passport and drivers licenses. Moreover, use of contactless smart cards for transit application to provide convenient payment option is expected to further fuel growth of the global contactless smart card market. 2 Increasing forgery and identity duplication incidence driving growth of global contactless smart card market, with APAC gaining traction in future. Copyright © PRUDOUR 2017, All Rights Reserved
  3. 3. Contactless Smart Card Market Overview  Factors restraining growth of the global contactless smart card market are that they can still be tampered with or stolen, and these lack user mobility (i.e. they can be used only if a smart card reader is available). Privacy concerns related to financial credentials on metal strip and failure rate of contactless smart card is high as they are made of plastic and micro-chips, which is major challenge in the global contactless smart card market currently.  The global contactless smart card market is segmented on the basis of type, application, and region.  Asia Pacific dominates the market in terms of revenue generation and is expected to further witness significant growth during the forecast period. Demand for contactless smart cards is relatively high in the market in Asia Pacific because of increasing fraud and identity duplication cases in countries in the region. Revenue from the market in Asia Pacific is expected to expand at a CAGR of XX% during the forecast period. Europe is expected to be the second largest market for contactless smart card over the forecast period. 3 Details: Copyright © PRUDOUR 2017, All Rights Reserved
  4. 4.  Proximity Cards  CPU/MPU cards 4 By Type  North America  Europe  Asia Pacific  Latin America  Middle East & Africa By Region  Proximity Cards  CPU/MPU cards By Application Copyright © PRUDOUR 2017, All Rights Reserved
  5. 5. Contactless Smart Card Market Report Includes Regional Growth Rate (CAGR %)  Sample Text  Sample Text  Sample Text  Sample Text  Sample Text North America Contactless Smart Card Market Growth:  North America Contactless Smart Card market was valued at US$ XX billion in 2017. Europe Contactless Smart Card Market Growth: Europe Contactless Smart Card market expected to grow at CAGR of XX% during forecast 2026. Asia-Pacific Contactless Smart Card Market Growth: Asia Pacific Contactless Smart Card market is expected to reach US$ XX billion over the forecast 2026. Middle East Contactless Smart Card Market Growth:  The Middle East & Africa Contactless Smart Card market expected to cross US$ XX billion during the forecast period 2017 to 2026. North America Europe Asia-Pacific Latin America Middle East and Africa XX.XX% XX% XX.XX% XX% XX.XX% XX% XX.XX% XX% XX%XX.XX% Latin America Copyright © PRUDOUR 2017, All Rights Reserved 5
  6. 6. Key Players Profiled Contactless Smart Card Market Include:  ASK  Gemalto  Giesecke & Devrient  Morpho  Oberthur Technologies  Watchdata System  Advanced Card Systems  CardLogix  DataCard  Infineon Technologies  NXP Semiconductors 6 Key Companies Mentioned are: Copyright © PRUDOUR 2017, All Rights Reserved
  7. 7. Research Methodology # includes sources of databases Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution  Market Participants  Key Strengths  Product Portfolio  Mapping as per Value Chain  Key Focus Segments  Key Industry Experts  Channel Study  Developments  Market Changing aspects/ Dynamics  Products  Conclusion  Identifying key opinion leaders  Questionnaire design  In-depth interviews  Coverage across value chain Primary Research# Secondary Research# Paid Publications#  Linkedin  Zoominfo  Salesforce  OneSource  Company Websites  Company Annual Reports  White Papers  Financial Reports  Factiva  GBI  Genios  Meltwater A B C Primary Research Desk Research Company Analysis SOLUTION Copyright © PRUDOUR 2017, All Rights Reserved 7
  8. 8. 8 Thank YouThank You To know more about us, please visit our website: www.market.biz For all sales queries or any customized research requirements email us at: Inquiry@market.biz For other queries contact: Lawrence John (General Manager-Business Development) Address: Survey No. 51/14 First Floor, Vishwa Arcade, Near Navale Lawns, Pune, Maharashtra, India 411 041 Tel.: +1 (857) 2390696 +91 91308 55334 Copyright © PRUDOUR 2017, All Rights Reserved 8

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