Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) — The “Smart Cards – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Smart Cards is estimated at US$14.5 Billion in 2023 and is projected to reach US$20.7 Billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart cards market is driven by several factors, including the widespread adoption of EMV technology in financial transactions, governmental regulations mandating enhanced security measures for identification documents, and the global push towards digitalization of payment systems. The increasing concern over data breaches and identity theft has also prompted industries to adopt more secure transaction technologies, with smart cards positioned as a premier choice. Furthermore, the expansion of telecommunications infrastructure globally has led to a higher demand for SIM cards, which are a type of smart card.
Consumer behavior that leans towards convenient, quick, and secure transaction methods, such as contactless payments, drives the demand for advanced smart cards. Additionally, the rise in smart city initiatives promoting smart transportation systems and secured access to government services further propels the adoption of smart card technology, demonstrating its growing indispensability in a connected, digital world.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Telecommunication Vertical segment, which is expected to reach US$10.2 Billion by 2030 with a CAGR of a 5.6%. The BFSI Vertical segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.0 Billion in 2023, and China, forecasted to grow at an impressive 6.1% CAGR to reach $5.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bartronics India Ltd., ASSA ABLOY AB, CPI Card Group, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 461 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $14.5 Billion |
| Forecasted Market Value (USD) by 2030 | $20.7 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Cards – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Smart card: Introduction and Overview
- Benefits
- Smart Cards Vs Magnetic Stripe Cards
- Development of Smart Card
- Smart Cards Categorization Based on Mechanism
- Based on Configuration
- Applications and Usage of Smart Cards
- Market Outlook
MARKET TRENDS & DRIVERS
- Chip Shortage Hits Payment Card Manufactures
- Smart Cards Gain Use for Cryptocurrency Management
- Rise in Adoption of Multiple Application Cards
- Smart Card Technology in Network Security
- Smart Cards Outshine Traditional Legacy & Proximity Cards
- Global Card-Based Access Control Systems by Segment (In %)
- Advancements in Smart Card Readers Drive Adoption
- Smart Card EACS Witness Increasing Application as Attendance Management Tool
- Biometric Smart Cards in Spotlight
- Smart Cards in Healthcare Market
- Need to Restrict Unauthorized Access to Sensitive Areas Drive Demand in Healthcare Establishments
- Growing Need for Interoperability of Smart Cards
- Contactless Payments in Financial Services Sector Offers Strong Growth Opportunities
- Mobile POS Push Demand for Contactless Cards amid Pandemic
- EMV Compliance Boosts Financial Sector
- Rising Contactless Share in Government Sector
- Telecom: Solid Gains for e-SIMs
- Persistent Demand for Dual and Hybrid Cards
- Potential Growth of Microprocessors Market
- Optimal Usage of Smart Cards in Telecommunication Sector
- Spurt in Online Transactions and Opportunities Ahead
- Smart City Investments Drive Global Demand for Smart Cards
- Global Smart Cities Market in US$ Billion: 2018-2026
- Future of Secure Smart Cards
- Innovation in Payment Cards
- Higher Education Sector: A Key Contributor to Growth
FOCUS ON SELECT PLAYERS (Total 121 Featured)
- Bartronics India Ltd.
- ASSA ABLOY AB
- CPI Card Group, Inc.
- American Express Company
- CardLogix Corporation
- AVI Infosys LLC
- Activation Power System
- Blue
- Card Cube Group
- Camgian Microsystems
- ABCorp
- Cardmatix
- AdvanIDe
- Austriacard Holdings AG
- BrilliantTS
For more information about this report visit https://www.researchandmarkets.com/r/mulgdh
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- Global Smart Cards Market
