Smart Cards Market is Forecast to Cross US$ 14.0 Billion by 2023

The smart cards market is expected to exceed more than US$14 billion by 2023 growing at a CAGR of more than 7% in the given forecast period from 2015 to 2023.

July 30, 2018 —

Market Research Engine has published a new report titled as “Global Smart Cards Market Analysis by Strategy, Application and Geography – Trends and Forecast, 2015 – 2023”.

The smart cards market is segmented on the lines of its component and application. The component segment for smart card includes microprocessor and memory smart cards component. The smart cards market is segmented on the lines of its application like telecommunications, government IDs, healthcare, financial services, retail, pay TV and transportation sector. The smart cards market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The smart cards market is expected to exceed more than US$14 billion by 2023 growing at a CAGR of more than 7% in the given forecast period from 2015 to 2023.

The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Gemalto NV, Giesecke & Devrient (G&D) GmbH, Infineon Technologies AG, and NXP Semiconductors. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

Smart card is a type of chip-card or a plastic card which contains embedded micro chip includes microprocessor or memory type. It stores and manages data used in different applications such as in electronic cash payments, telephone calling and more. Smart card presents data storage, authentication and personal identification; it may have contact less or contact smart card. It provides high security authentication over large organizations. Smart cards can used in different application and occupies large data compare to magnetic stripe. Smart cards which are programmed and contain data are used for different applications. Some smart cards are updated later to include new applications. Smart cards develop the expediency and security of any transaction. They give tamper proof storage of consumer data and account information. It is more reliable compare to other machine readable cards

The Smart cards Market has been segmented as below:

The Smart cards Market is segmented on the Basis of Component Analysis, Application Analysis and Regional Analysis. By Component Analysis this market is segmented on the basis of Microprocessor and Memory smart cards.

By Application Analysis this market is segmented on the basis of Telecommunications sector, Government IDs sector, Healthcare sector, financial services sector, Retail sector, Pay TV sector and Transportation sector. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.

This report provides:
1) An overview of the global market for smart cards and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2023.
3) Identifications of new market opportunities and targeted promotional plans for smart cards
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

The major driving factors of smart cards market are as follows:
Increasing mobile phone subscriber globally
Increasing interest for high capability SIM card
Rising demand for reliability and security
Support multi application by NFC

The restraining factors of smart cards market are as follows:
• Slow appearance of standards
• Cost attrition
• High cost of transfer into smart card friendly readers which minimize the acceptance of smart card.

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Table of Contents
Chapter 1 INTRODUCTION
Chapter 2 Executive Summary
Chapter 3 Global Smart Cards Market Analysis, 2013 – 2023 (US$ Mn & Mn Units)
Chapter 4 North America Smart Cards Market Analysis, 2013 – 2023 (US$ Mn & Mn Units)
Chapter 5 Europe Smart Cards Market Analysis, 2013 – 2023 (US$ Mn & Mn Units)
Chapter 6 Asia Pacific Smart Cards Market Analysis, 2013 – 2023 (US$ Mn & Mn Units)
Chapter 7 Middle East & Africa Smart Cards Market Analysis, 2013 – 2023 (US$ Mn & Mn Units)
Chapter 8 Latin America Smart Cards Market Analysis, 2013 – 2023 (US$ Mn & Mn Units)
Chapter 9 Company Profiles
9.1 American Express Company
9.2 Atos SE
9.3 NXP Semiconductors NV
9.4 Infineon Technologies AG
9.5 Gemalto NV
9.6 INSIDE Secure SA
9.7 Giesecke & Devrient (G&D) GmbH
9.8 Texas Instruments, Inc.

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Release ID: 386205