Smart card market with COVID-19 impact on interface, type, functionality, offer, vertical and region

DUBLIN,, April 8, 2021 / PRNewswire / – “Smart card market influenced by Covid-19 via interface (contact, contactless, dual), type (memory, MPU microprocessor), functionality (transactions, communication, security and access control), offer, vertical and Region – Added is the global forecast until 2026 ” ResearchAndMarkets.com’s offer.

The smart card market is predicted to reach $ 16.9 billion until 2026 from $ 13.9 billion 2021; CAGR growth is expected to be 4.0% from 2021 to 2026.

Asia Pacific (APAC) is the largest market for smart cards. A robust, increasingly digitized financial system and government agencies incorporating smart chips based on better process monitoring systems are forcing several APAC countries to adopt smart card solutions due to growing demand, especially in transportation, BFSI, retail, government and health sectors. Smart cards are used to buy tickets on subways, buses and ferries, among others, in several APAC countries.

china it is projected to witness the highest demand for smart cards in the region thanks to a large consumer base and the presence of numerous smart card manufacturers. The main constraints to market growth are high infrastructure costs, along with security concerns and data theft. The lack of smart card standardization and increased security concerns and the increased proliferation of digital ID cards act as major challenges for market growth.

The security and access control segment is projected to grow at the highest CAGR of the smart card market over the forecast period.

The organization’s smart cards are used to provide authorized access to employees (members of the organization) or other persons in insured areas. In addition, companies and universities also use smart ID cards for all employees and students. Employees have access to certain data, equipment and departments according to their status. Therefore, microprocessor-based multifunction smart cards have access privileges for use in a variety of locations. Moreover, the smart card contains data on the identity of individuals, which are scanned and verified. In addition to information security, smart cards provide greater security of services and equipment by restricting access only to authorized users.

Among the vertical segments, the telecommunications segment occupies the largest share of the smart card market from 2021 to 2026.

A subscriber identity card (SIM) is a type of smart card based on a microcontroller used in mobile phones and other devices. The SIM identifies and authenticates the subscriber to the wireless network of mobile phones. In 2020, the telecommunications segment accounted for a maximum share of 42% of the smart card market. The expansion of the global mobile network and improvements in its infrastructure are driving market growth. In addition, COVID-19 has led to increased demand for connectivity. The current crisis has given impetus to the trend of digitalization of business and private communication with cellular technology, along with the generalization of digital conferences. Moreover, the penetration of high-end SIM card technologies, such as LTE, 5G, M2M, eSIM and SWP, is expected to increase market growth in the coming years.

APAC is projected to maintain the largest share of the smart card market in 2020.

A robust, increasingly digitized financial system and government agencies incorporating smart chips based on better process monitoring systems are forcing several APAC countries to adopt smart card solutions due to growing demand, especially in transportation, BFSI, retail, government and health sectors. Smart cards are used to buy tickets on subways, buses and ferries, among others, in several APAC countries. china it is projected to witness the highest demand for smart cards in the region thanks to a large consumer base and the presence of numerous smart card manufacturers. Properly implemented smart cards in all sectors have proven to be very effective in combating theft and fraud. Government projects, such as the Aadhar card in India, increase the demand for smart cards for use in a number of sectors. Moreover, security issues, especially in the public sphere, are expected to spur growth in the APAC smart card market.

Key topics:

1. Introduction

2 Research methodology

3 Summary
3.1 Smart card market: A realistic scenario
3.2 Smart card market: An optimistic scenario
3.3 Smart card market: a pessimistic scenario

4 Premium insights
4.1 Attractive growth opportunities in the smart card market
4.2 Smart card market, by type
4.3 Smart card market in APAC, by vertical and country
4.4 Smart Card Market in North America, interface
4.5 Smart card market, by region

5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Too high demand for contactless payment (touch and play) in the middle of COVID-19
5.2.1.2 Proliferation of smart cards in healthcare, transportation and Bfsi verticals
5.2.1.3 Increased penetration of smart cards in applications for access control and personal identification
5.2.1.4 The great advantage offered by smart cards in the form of multifunctionality and flexibility
5.2.1.5 Easy access to e-government services and increased demand for online shopping and banking
5.2.2 Restrictions
5.2.2.1 High infrastructure costs, along with security concerns and data theft
5.2.2.2 The emergence of mobile wallets affecting the demand for smart cards
5.2.3 Opportunities
5.2.3.1 A new way of user information security enabled by Blockchain
5.2.3.2 Adoption of smart cards in populated APAC countries
5.2.3.3 The emergence of smart cities and IoT to open up new opportunities for latent growth
5.2.4 Challenges
5.2.4.1 Lack of standardization on smart cards and increased security issues
5.2.4.2 Increased popularity of digital ID cards
5.3 Value Chain Analysis
5.4 Ecosystem analysis
5.5 Price trend analysis
5.6 Regulatory updates
5.7 Porter’s analysis of five forces
5.7.1 Level of competition
5.7.2 Threat of substitutions
5.7.3 Bargaining power of customers
5.7.4 Supplier Negotiating Power
5.7.5 Threat to new entrants
5.8 Landscape patents
5.9 Trade Analysis
5.1 Technology analysis
5.11 Case study analysis
5.11.1 Implemented bank of farmers and traders [email protected] CPI Card Group solution
5.11.2 Used fingerprint biometric cards for payments for the first time in the UK
5.11.3 The Great Giants team up to launch biometric cards in Asia

6 Smart card market, by interface
6.1 Introduction
6.2 Contact
6.2.1 Contacting smart cards must be physically connected to the reader to ensure proper transmission of information
6.3 Contactless
6.3.1 Contactless smart cards provide users with simplicity, speed and convenience
6.4 Dual interface
6.4.1 Dual interface chip cards provide greater benefits for payment processing

7 Smart card market, by type
7.1 Introduction
7.2 Memory
7.2.1 Memory-based smart cards are primarily used in applications where storage, faster processing and security are the lowest priority.
7.3 MPU microprocessor
7.3.1 Mpu microprocessor smart cards are predominantly used in the Bfsi sector

8 Smart card market, by functionality
8.1 Introduction
8.2 Transaction
8.2.1 Benefits such as ease of use, confidentiality and portability for the adoption of smart cards for transaction purposes
8.3 Communication
8.3.1 Communication with the account for a large market share during the forecast period
8.4 Security and access control
8.4.1 Smart cards are used for security and access control in companies and educational institutions

9 Smart card market, offering
9.1 Introduction
9.2 Smart cards
9.2.1 The need for efficient storage of personal data is expected to increase the adoption of smart cards during the forecast period
9.3 Smart Card Readers
9.3.1 Increasing adoption of identity and management tools for fuel demand for smart card readers

10 Smart Card Market, Vertical
10.1 Introduction
10.2 Telecommunications
10.2.1 Smart card market with vertical LED telecommunications in 2020
10.3 Banking, Financial Services and Insurance (Bfsi)
10.3.1 Implementation of Emv standards for enhanced adoption of smart cards in Bfsi
10.4 Government and Health
10.4.1 Government and Health Segment to register the highest CAGR during the forecast period
10.5 Transport
10.5.1 Smart cards are used for transit prices, car parking, washing, servicing and payment of fuel in vertical transport
10.6 Education
10.6.1 APAC is expected to account for the largest share of the education smart card market during the forecast period
10.7 Retail
10.7.1 Smart cards help retailers build stronger customer relationships and ensure customer loyalty
10.8 Other

11 Smart card market, by region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 APAC
11.5 red

12 Competitive landscape
12.1 Overview
12.2 Market share analysis
12.3 Key strategies adopted by smart card players
12.3.1 Product portfolio
12.3.2 Regional focus
12.3.3 Organic / inorganic growth strategies
12.4 Five-year revenue analysis of leading companies
12.5 Company Evaluation Quadrant, 2020
12.5.1 Star
12.5.2 New leader
12.5.3 Permeable
12.5.4 Participant
12.6 Competitive benchmarking
12.7 Startup / Sme Evaluation Matrix, 2020
12.7.1 Progressive Company
12.7.2 Responsible company
12.7.3 Dynamic company
12.7.4 Starting a block
12.8 Competitive scenario
12.8.1 Product Launch
12.8.2 Offers

13 company profiles
13.1 Key players
13.1.1 Thales Group (Gemalto)
13.1.2 CPI Card Group
13.1.3 Giesecke & Devrient (G + D)
13.1.4 Idemia
13.1.5 Intelligence
13.1.6 Cardlogix
13.1.7 Surveillance data
13.1.8 Eastcompeace
13.1.9 Hid Global
13.1.10 Abcorp
13.2 Other players
13.2.1 Cardcom technology
13.2.2 Ingenico
13.2.3 Identiv, Inc.
13.2.4 Kona I Co. Ltd.
13.2.5 Valid
13.2.6 Verifone
13.2.7 Brilliantts Co. Ltd.
13.2.8 Perfect printing on plastic
13.2.9 Infineon
13.2.10 Bartronics India Limited

14 Appendix
14.1 Other insights of industry experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available adjustments
14.5 Related reports
14.6 Information about the author

For more information on this report visit https://www.researchandmarkets.com/r/hdhczc

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