Global Banking and Financial Smart Cards Market Growth (Status and Outlook) 2023-2029

Global Banking and Financial Smart Cards Market Growth (Status and Outlook) 2023-2029

In the banking, financial services, and insurance (BFSI) sector, smart cards are used as credit or debit cards, authentication cards for payments, fuel cards, access control cards, and high-security identification cards. They can be used as electronic wallets by loading the smart card with funds that can be transferred to a vending machine or an account using cryptographic protocols.

LPI (LP Information)' newest research report, the “Banking and Financial Smart Cards Industry Forecast” looks at past sales and reviews total world Banking and Financial Smart Cards sales in 2022, providing a comprehensive analysis by region and market sector of projected Banking and Financial Smart Cards sales for 2023 through 2029. With Banking and Financial Smart Cards sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Banking and Financial Smart Cards industry.

This Insight Report provides a comprehensive analysis of the global Banking and Financial Smart Cards landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Banking and Financial Smart Cards portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Banking and Financial Smart Cards market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Banking and Financial Smart Cards and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Banking and Financial Smart Cards.

The global Banking and Financial Smart Cards market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The strong need to reduce identity duplication will be the key driver for the growth of this market. Due to advances in technology, the number of fraudulent activities and forgeries are increasing. As a result, the cards and payments industry has undergone a digital transformation with the introduction of new payment methods such as EMV chips, personal identification number (PIN) cards, and mobile wallets. Since the data available in smart cards is difficult to decode, they will have a higher adoption rate in the BFSI sector.

This report presents a comprehensive overview, market shares, and growth opportunities of Banking and Financial Smart Cards market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Magnetic Stripe Card
Chip Card
Dual Interface Card
Others

Segmentation by application
Commercial
Personal
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gemalto
Morpho
Oberthur Technologies
American Express
CardLogix
MasterCard
Visa

Please note: The report will take approximately 2 business days to prepare and deliver.