Global Smart Cards Market – Size, Outlook, Trends and Forecast (2024

Global Smart Cards Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Smart Cards refer to the size of credit card embedded with microprocessor chip used to store and process data. This makes the payment process easier and more convenient. Global smart cards market size

Global Smart Cards Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

was valued at $13.21 billion in 2017 and is estimated to reach $XX billion by 2025 with the CAGR of 8.91% during 2019-2025. The market is mainly driven by the integration of contactless interfaces of smart cards, rising demand for identification cards, adoption of smart ticketing, providing safe transactions, offer reusable & more tough and increasing adoption of e-passports and smart cards in the banking system. On the other hand, the growth of the market is restraining from some factors such as rising adoption of mobile wallets, the existence of E-PoS (Point of Sale) terminals associated with high cost, security concern regarding contactless technology and lack of awareness and standardisation. The market has various opportunities such as emerging of blockchain technology, increasing adoption of digital payments in developing economies and emerging collaborations for developing secure access.

Research Study Objectives:

Define, estimate, and forecast the smart cards market statistics by type, component, communication, end users and regions concerning the individual growth drivers, market trends and their contribution to the smart cards market growth
Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the smart cards market analysis report.
Analysis and conclusions on the future smart cards market outlook.

Top-down and bottom-up approaches are used to validate the smart countries into China,

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Global Smart Cards Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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