Deerfield Beach, FL -- (SBWIRE) -- 12/14/2015 -- The Global Smart card Market is estimated tbe $6,191.4 million in 2014 and is expected treach $10.32 billion by 2022 growing at a CAGR of 6.6% from 2014 t2022. Some of the key drivers for the market growth include escalating demand for safe and consistent transactions, growing number of mobile users, rising adoption of smart cards for ticketing, driver's license, telecommunication, toll collection, etc. However, price pressures and technological challenges are inhibiting the growth of Smart card market.

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Retail and BFSI industry segments are the fastest growing segments of smart card market. Asia Pacific is anticipated tretain its leading position and is analyzed tbe the fastest growing market during the forecast period. From application side, telecom sector mainly 3G dominates the smart card use, while from growth perspective transportation sector remains the most dynamic sector. Payment chip-card market shows an apparent swing towards contactless and converging applications. Contactless payment can be performed with smart cards and with mobile devices. In meticulous, the demand for Dual Interface (DIF) payment cards is growing

The key players in the smart card global market are Siemens IT solutions and services, Sony corp, Samsung Electronics, IngenicSA, Thales SA, Verifone system Inc, Infineon technologies, Fujitsu ltd, Datacard corp and Renesas Electronics.

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Components Covered:

Microcontroller Cards
Memory Cards

Applications Covered:

Healthcare
Transportation
Telecommunications
Banking, Financial Services and Insurance (BFSI)
Retail
Others

Types Covered:

Contact Smart Card
Contactless Smart Card
Hybrid Smart Card
Others

Regions Covered:

North America
US
Canada
Europe
Germany
France
Italy
UK
Spain
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia
Rest of the World
Latin America
Middle East
Africa
Others