Global Smart Card Market Size worth over $65bn by 2025

Smart Card Market size is set to exceed USD 65 billion by 2025; according to a new research report by Global Market Insights, Inc. The global smart card shipment is predicted to witness around 9% growth from 2019 to 2025.
 

Technological advancements, such as the development of smart cities, blockchain, biometric technology, etc., are driving the smart card market across the globe. The growing smart city initiatives are encouraging several public & private companies to develop smart connected solutions to efficiently optimize available resources and effectively manage operations and services. Smart cities have been fueling the demand for digital payments in sectors including transportation, retail, government, etc., creating a huge demand for smart cards. Mastercard has been working with several cities across the globe to develop a digital economy. The company recently developed its own Transit Solution Initiative in London, Vancouver, and Sydney. The solution allows residents to use their existing EMV and tap-enabled credit cards to pay for transit. Transport for London (TfL), developed by Mastercard and Cubic Transportation Systems, allows travelers to pay travel fares by simply taping their contactless-enabled card or mobile device.

 

Request Sample Buy NowInquiry Before Buying

 

Several companies in the smart card market have run several successful trials of the fingerprint biometric technology within smart cards in countries including Japan, Cyprus, the U.S., Mexico, the UK, South Africa, etc., creating more opportunities for industry players. The rising number of financial frauds is leading to the need for a secure, personalized, and convenient payment solutions. The integration of biometric technology into smart cards with a microprocessor and contactless interface will eliminate the need for PINs, assuring safer transactions through fingerprint authentication.
 

Smart Card Market

Get more details on this report - Request Free Sample PDF
 

The smart card market will keep growing over the future as they offer enhanced security for card issuers, merchants, banks, and consumers as technology adds a layer of cybersecurity protection. However, security remains a concern as the technology is still vulnerable to cyber-attacks. Therefore, several companies in the payment card market are developing more secure authentication ways than just EMV chips by adding technologies such as biometric authentication.
 

Browse key industry insights spread across 550 pages with 825 market data tables & 33 figures & charts from the report “Smart Card Market Size By Solution (Smart Card [Product {Contact, Contactless, Hybrid, Dual Interface}, Type {Memory Card, Microprocessor Card}], Smart Card Reader [Component {Hardware, Software, Service}, Product {Contact, Contactless}]), By Application (SIM & Telecom, Financial, Government & Health, Retail & Gas, Access Control, Transportation, Loyalty), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey China, India, Japan, Australia, South Korea, Taiwan, Singapore, Malaysia, Thailand, Mexico, Brazil, Argentina, UAE, Saudi Arabia, Qatar, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-card-market
 

With the rapid global recognition of smart card applications, the healthcare sector is embracing the technology to minimize the costs related to administration and labor. Smart cards are used to store patient records such as PINs, biometric data, and photos along with the past medical records. It ensures the safety of patient data and supports the use of digital signatures to prevent medical data theft. Several countries including Germany, France, the U.S., China, India, and Japan have implemented steps to reduce healthcare costs. A major step in this direction has been the adoption of card-based e-health networks. Healthcare cards improvise communication between doctors and enhance the quality of care, reducing frauds and streamlining operations.
 

The France smart card industry will continue to witness significant adoption in the banking & financial sector. The French payment industry is highly advanced and its domestic payment structure, Groupement Cartes Bancaires, has always been crucial in managing the evolution of payments technology. Contactless smart card market has gained significant traction over the years for its speed and convenience. However, while the country continues to adopt contactless cards, the payment sector remains fixated to PINs majorly due to thefts and online frauds. Such issues are making consumers think twice before switching tap and pay mode. Adding an extra layer of security such as biometrics is fueling the adoption of contactless cards in the banking sector.
 

Companies in the smart card market include Gemalto, American Banknote Corporation, Oberthur, IDEMIA, Giesecke & Devrient, Inteligensa Group, VALID, CPI Card Group, Eastcompeace, Goldpac Group, CardLogix Corporation, Perfect Plastic Printing Corporation, Wuhan Tianyu, DATANG, Watchdata, KONA I, HENGBAO, etc. Several companies are partnering with different stakeholders in the ecosystem to expand their presence in the industry. In 2019, IDEX Biometrics ASA, the advanced fingerprint identification and authentication solutions and has a partnership with Sian Intelligent Technology Co., Ltd., a Chinese smart card manufacturer to ensure the successful integration of biometric technology in smart cards.
 

Inquiry Before BuyingRequest Sample
 

The smart card market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in terms of Unit from 2015 to 2025, for the following segments:

Smart Card Market, By Solution

  • Smart card
    • Product
      • Contact
      • Contactless
      • Hybrid
      • Dual Interface
    • Type
      • Memory cards
      • Microprocessor cards
  • Smart card reader
    • Component
      • Hardware
      • Software
      • Services
    • Product
      • Contact
      • Contactless

Smart Card Market, By Application

  • SIM & telecom
  • Financial
  • Government & health
  • Retail & gas
  • Access control
  • Transportation
  • Loyalty
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Turkey
    • Switzerland
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Singapore
    • Malaysia
    • Thailand
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa

Chat With Us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree