Global Smart Card Market-New Research Report Announced with business priorities in order to assist companies to realign their business strategies.
Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- QY Research has recently published a report on the niche yet rapidly growing market, titled, " Global Smart Card Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application ," for the projected period of 6-years, i.e. between 2019 and 2025. According to this report, the global Smart Card market is expected to show exponential Compound Annual Growth Rate during the projected period.
China's Smart Card industry is still in the development stage. China is a large population country, there are only few manufacturers which can produce the Smart Card product. Most of Smart Card products are still relying on import. With the People's Bank of China (PBOC) have announced all banking cards in China would migrate to smart cards,the demand for smart card have a rapid development in recent two years. At present, there is still a wide gap in the market size, the capital , marketing, product development or technical studies between China domestic enterprises and foreign enterprises , especially in some high-end technology field.
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In the coming years, Smart Card market is expected to witness the highest growth rate in the Asia-Pacific region. Although Smart Card brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The global Smart Card market was 7550 million US$ in 2018 and is expected to 11200 million US$ by the end of 2025, growing at a CAGR of 5.0% between 2019 and 2025.
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This report studies the Smart Card market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Smart Card in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Giesecke & Devrient
CPI Card Group
Watchdata Systems Co. Ltd
By the product type, the market is primarily split into
CPU/MPU Microprocessor Multifunction Cards
By the end users/application, this report covers the following segments
Secure identity applications
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