Global Smart Card Market Size & Share to 2027
Global Smart Card Market Size, Trends & Growth Opportunity, By Type (Contact, and Contac less) By Component (Hardware, Smart Card Readers, Software, and Services), By Application (BFSI, Government, Telecommunication, Healthcare, Hospitality, Transportation, Retail, and Others), By Region and Forecast till 2027
Global Smart Card Market
Smart Card is similar to debit or credit card embedded with computer chips. Card Chip facilitates functionality to be added into the card which makes and ordinary, plastic card into SMART. Smart Cards can reduce the amount of paperwork while improving storage capacity and record keeping process. It can also enable multiple transactions through one card by ensuring highly encrypted security.
Market Drivers
Increase in demand for identification cards to avail government facilities is considered as key driving factor which is expected to boost the global smart card market growth. Furthermore, rise in demand for the product, across various applications like cell phones, payment transactions, ID Verification and access controls, will positively contribute the market growth. Moreover, increase in adoption of smart cards in healthcare industry is expected to propel the market growth. Increase in digitalization in the healthcare industry in recent years, the buzz regarding the future of healthcare has centered on HER. Rise in technology penetration in the healthcare sector has dramatically improved the access, storage, and processing of medical records which is expected to increase the demand for smart cards during this forecast period. Also, rise in use of smart cards in the BFSI, and telecommunications industries is expected to propel the market growth. Their implementation in retail applications enables secure transaction and provides opportunities to the smart card market over the forecast period.
Market Restraints
However, high cost involved in deploying Epos Terminals is the major challenging factor which is expected to hinder the global smart card market growth. Also, rise in adoption of mobile wallets reducing the demand for smart cards as well as security related to contactless technology will affect the market growth during this analysis period.
Market segmentation
Global Smart Card Market is segmented into type such as Contact, and Contac less, by component such as Hardware, Smart Card Readers, Software, and Services. Further, market is segmented into application such as BFSI, Government, Telecommunication, Healthcare, Hospitality, Transportation, Retail, and Others.
Also, Global Smart Card Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Infineon Technologies AG, NXP Semiconductors N.V., Sony Corporation, Samsung Electronics, Stmicroelectronics N.V., Ingenico Group, Verifone Systems Inc., Beijeng Watchdata Co. Ltd.,and Gemalto N.V.
Market Taxonomy
By Type
- Contact
- Contact Less
- Hardware
- Smart Card Readers
- Software
- Services
- BFSI
- Government
- Telecommunication
- Healthcare
- Hospitality
- Transportation
- Retail
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Smart Card Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Smart Card Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Smart Card Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Smart Card Market Share Analysis, By Type
- 5.3 Global Smart Card Market Size and Forecast, By Type
- 5.3.1 Contact
- 5.3.2 Contact Less
- 6 Global Smart Card Market, By Component
- 6.1 Y-o-Y Growth Comparison, By Component
- 6.2 Global Smart Card Market Share Analysis, By Component
- 6.3 Global Smart Card Market Size and Forecast, By Component
- 6.3.1 Hardware
- 6.3.2 Smart Card Readers
- 6.3.3 Software
- 6.3.4 Services
- 7 Global Smart Card Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Smart Card Market Share Analysis, By Application
- 7.3 Global Smart Card Market Size and Forecast, By Application
- 7.3.1 BFSI
- 7.3.2 Government
- 7.3.3 Telecommunication
- 7.3.4 Healthcare
- 7.3.5 Hospitality
- 7.3.6 Transportation
- 7.3.7 Retail
- 7.3.8 Others
- 8 Global Smart Card Market, By Region
- 8.1 Global Smart Card Market Share Analysis, By Region
- 8.2 Global Smart Card Market Share Analysis, By Region
- 8.3 Global Smart Card Market Size and Forecast, By Region
- 9 North America Smart Card Market Analysis and Forecast (2020-2027)
- 9.1 Introduction
- 9.2 North America Smart Card Market Share Analysis, By Type
- 9.3 North America Smart Card Market Size and Forecast, By Component
- 9.4 North America Smart Card Market Size and Forecast, By Application
- 9.5 North America Smart Card Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 EuropeSmart Card Market Analysis and Forecast (2020-2027)
- 10.1 Introduction
- 10.2 Europe Smart Card Market Share Analysis, By Type
- 10.3 Europe Smart Card Market Size and Forecast, By Component
- 10.4 Europe Smart Card Market Size and Forecast, By Application
- 10.5 Europe Smart Card Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Smart Card Market Analysis and Forecast (2020-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Smart Card Market Share Analysis, By Type
- 11.3 Asia Pacific Smart Card Market Size and Forecast, By Component
- 11.4 Asia Pacific Smart Card Market Size and Forecast, By Application
- 11.5 Asia Pacific Smart Card Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Smart Card Market Analysis and Forecast (2020-2027)
- 12.1 Introduction
- 12.2 Latin America Smart Card Market Share Analysis, By Type
- 12.3 Latin America Smart Card Market Size and Forecast, By Component
- 12.4 Latin America Smart Card Market Size and Forecast, By Application
- 12.5 Latin America Smart Card Market Size and Forecast, Country
- 13 Middle East Smart Card Market Analysis and Forecast (2020-2027)
- 13.1 Introduction
- 13.2 Middle East Smart Card Market Share Analysis, By Type
- 13.3 Middle East Smart Card Market Size and Forecast, By Component
- 13.4 Middle East Smart Card Market Size and Forecast, By Application
- 13.5 Middle East Smart Card Market Size and Forecast, By Country
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Infineon Technologies AG
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. NXP Semiconductors N.V
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Sony Corporation
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Samsung Electronics
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Stmicroelectronics N.V
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Ingenico Group
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Verifone Systems Inc
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Beijeng Watchdata Co. Ltd
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Gemalto N.V
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
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