Smart Card Market 2021-2031
New Study Reports ” Smart Cards Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2031″ has been Added on MarketResearchFuture.
Report Overview
The report on the smart cards market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2027. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
Market Dynamics
Factors affecting the Smart Cards Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding the Smart Cards Market extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.
The thriving e-commerce and telecommunications sector in Asia-Pacific contributes almost 70% of the demand of the smart card market. The increase in smart card applications for government sector use in India and China is also a major driver of the Asia Pacific smart card market. The North American smart card market is expected to be a relatively less attractive market over the forecast period due to mature demand for new smart cards in the region. However, with the migration to the EMV card, the smart card market is expected to grow in North America, albeit at a slow pace. These are some of the relevant findings from the new report released by Persistence Market Research titled “Smart Card Market: Global Industry Analysis and Forecast 2017 – 2024”. In addition, this research report also contains the various market dynamics that are affecting the growth of the global Smart Card market in the form of drivers, restraints, opportunities and trends. Such in-depth qualitative data helps to understand this lucrative and large market.
According to the figures given in the report, the global smart card market was valued at US $ 9,288.9 million in 2017 and is expected to reach a valuation of US $ 15,050.2 million by the end of 2024. , and reflect a CAGR growth of 7.1% during the 2017-2024 evaluation period.
Request for Free Sample Report of ‘Smart Cards’ Market @ https://www.persistencemarketresearch.com/samples/11149
Key players:
The report profiled some of the prominent prevalent players in the world like – NXP Semiconductors NV, Infineon Technologies AG, Gemalto NV, Inside Secure SA, CPI Card Group Inc., Giesecke & Devrient GmbH, Watchdata Technologies Ltd., BC Card, IDEMIA, CardLogix Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future prospects of Smart Cards.
Full Report Details @ https://www.persistencemarketresearch.com/market-research/smart-cards-market.asp
Global smart card market: dynamic
The SIM cards used by the telecommunications industry are smart cards based on memory chips. The growing number of cell phones has initiated a strong demand for SIM cards. This growing demand for SIM cards is driving the growth of smart card market as the telecommunication applications largely contribute in terms of revenue to the global smart card market. According to a report published by the International Telecommunication Union, the number of mobile subscriptions worldwide has been estimated at more than 7,000 million. Global mobile subscription is expected to exceed 9,000 million by the end of 2020, which will give the global smart card market a huge boost.
However, reluctance to adopt capital-intensive PoS terminals is hampering the adoption of smart cards in merchant stores. According to The New Republic (an American liberal magazine), only 10% of American merchants have switched to new EMV terminals that support contactless and contactless EMV cards as of 2014. Merchants are reluctant to spend money as long as they are ‘they are not sure that banks will issue contacts. and contactless smart cards. Conversely, banks don’t want to spend money on expensive cards until merchants install card readers. These factors may hamper the growth of the global smart card market during the assessment period.
View the table of contents, figures and tables of the report
Global Smart Card Market: Segmentation and Forecast
The global smart card market is segmented on the basis of type, component, end use, access type, and geography.
- The dual interface segment is expected to be valued at US $ 1,884.3 million by the end of 2024, and this segment is expected to gain market share by 2024 compared to 2017.
- The microcontroller card segment was valued at US $ 6,672.2 million in 2017 and is expected to reach a valuation of US $ 11,108 million by the end of 2024.
- Among the product end-use segments, the telecommunications segment is expected to register the highest CAGR during the forecast period. The telecommunications segment was valued at US $ 4,601.2 million in 2017.
- Among the access type segments, the physical access cards segment is expected to be the most attractive market in the global smart card market. This segment was valued at US $ 5,429.8 million in 2017.
- The European smart card market is expected to lose significant market share by 2024 compared to 2017. The European smart card market is expected to contribute 21.2% to the global smart card market by 2024 .
Key Stakeholders Smart Card Market Manufacturers Smart Card Market Distributors / Traders / Wholesalers Market Sub-Component Manufacturers Industry Association Downstream Suppliers
If you have any special requirements, please let us know and we will offer you the report you want.
Key Highlights of Smart Card Market Report:
- The Smart Card Market analysis report offers an in-depth study of the growth opportunities and potential challenges of the market.
- The report delves into the market and explains the dynamic factors that are supporting the growth of the market.
- The report extensively assesses the current and historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the presence of the smart card market in the major regions of the world.
- It determines the production and consumption capacities and the dynamics of supply and demand of each regional market.
- The report further illustrates the intense competition among the major market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key questions addressed in this report.
- What will the market growth rate be in the future?
- What are the key factors driving the global market?
- Who are the main manufacturers in the market space?
- What are the opportunities and threats facing global industry vendors?
- What are the sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer the report as you want and provide you with a table of contents as well.
Click here to purchase this report @ https://www.persistencemarketresearch.com/checkout/11149
Continued…
About PersistenceMarketResearch:
PersistenceMarketResearch is a well-established company with a reputation for serving clients in the information technology (IT), healthcare, and chemicals industries. Our analysts undertake careful primary and secondary research to provide a transparent report with a 360 degree perspective. The data is compared against reputable organizations, reliable databases and international surveys to produce crisp reports backed up by graphical and statistical information.
Media contact:
Persistence market research
305 Broadway, 7th Floor New York City, NY 10007 USA
Call + 1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com