Smart card Market Outlook – Global Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Smart card Market is estimated tbe $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.
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Retail and BFSI industry segments are the fastest growing segments of smart card market. Asia Pacific is anticipated tretain its leading position and is analyzed tbe 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, IngenicSA, Thales SA, Verifone system Inc, Infineon technologies, Fujitsu ltd, Datacard corp and Renesas Electronics.
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Banking, Financial Services and Insurance (BFSI)
Contact Smart Card
Contactless Smart Card
Hybrid Smart Card
Rest of Asia
Rest of the World
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