EMV Smart Cards Market By Type (Debit Card, Credit Card), By Brand (Visa, MasterCard, Others), By Application (Food & Groceries, Health & Pharmacy, Restaurants & Bars, Consumer Electronics, Media & Entertainment, Travel & Tourism, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
EMV payment method is based on a technology standard for smart payment cards, payment terminals, and ATMs that can accept them. EMV stands for Europay, Mastercard, and Visa, the three companies that developed the standard. EMV cards are smart cards, commonly referred to as chip cards, integrated circuit cards, or IC cards. In addition, these cards include magnetic stripes for backward compatibility and store their data on integrated circuit chips. These comprise both contactless cards that can be read at a close range utilizing near-field communication technology as well as cards that need to be manually inserted or dipped into a reader.
The global EMV smart card market is anticipated to witness significant growth during the forecast period. Factors, such as rapid digitalization, surge in cashless transactions, and rise in demand from the healthcare sector, drive the growth of the EMV smart card market. However, high set-up cost, along with data theft & security concern, is a major restraint to the global EMV smart card industry. In addition, new mode of information security for users enabled by blockchain is expected to create opportunities for the smart card industry. EMV smart cards can efficiently manage cryptographic keys, thereby enabling secure & efficient transactions in blockchain applications.
The EMV smart cards market is segmented into type, brand, application, and region. By type, the market is differentiated into debit card and credit card. The debit card segment is further segmented into contact, contactless, and dual. The contactless segment is further segregated into low-frequency cards, high-frequency cards, and ultra-high frequency cards. The credit card segment is further segmented into general purpose credit cards and specialty & other credit cards. Depending on brand, it is fragmented into Visa, MasterCard. and others. The application segment is segmented into food & groceries, health & pharmacy, restaurants & bars, consumer electronics, media & entertainment, travel & tourism, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The EMV smart cards market analysis includes top companies operating in the market such as American Express, CardLogix Corporation, CPI Card Group Inc., Equinox Payments, Giesecke + Devrient GmbH, HID Global Corporation, IDEMIA, Infineon Technologies AG, JPMorgan Chase & Co., NCR Corporation, Perfect Plastic Printing, Samsung, Thales, VeriFone, Versatile Card Technology Pvt. Ltd., Mastercard, and Visa Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the accounting and budgeting software industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global EMV smart cards market along with current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global EMV smart cards market size is provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global EMV smart cards market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Type
Debit Card
Debit Card
Contact
Contactless
Dual
Credit Card
Credit Card
General Purpose Credit Cards
Specialty Other Credit Cards
By Brand
Visa
MasterCard
Others
By Application
Food Groceries
Health Pharmacy
Restaurants Bars
Consumer Electronics
Media Entertainment
Travel Tourism
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Singapore
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
American Express
CardLogix Corporation
CPI Card Group Inc.
Equinox Payments
Giesecke + Devrient GmBH
HID Global Corporation
IDEMIA
Infineon Technologies AG
JPMorgan Chase & Co.
NCR Corporation
Perfect Plastic Printing
SAMSUNG
Thales
VeriFone
Versatile Card Technology Pvt Ltd.
Mastercard
Visa Inc.
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