Smart card is a type of chip card that functions as a security token with compiled embedded computer-chip

Portland, OR -- (SBWire) -- 07/24/2017 --Smart card is a type of chip card that functions as a security token with compiled embedded computer-chip. The computer chip installed in a smart card can either be microcontroller- or memory based, that stores and transit the data. Smart cards are made of plastic materials such as polyvinyl chloride, polyethylene terephthalate based polyesters, polycarbonate, and other materials. They are used in various applications in different disguise such as ATM cards, authorization cards, fuel cards in financial sector, as SIM cards in mobile phones, as authentication cards, as a security token in computer applications, and others. Smart cards offer flexibility, security, portability, increase in data storage capacity, and reliability.

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Based on product type, the smart cards market is segmented into contact cards, contact-less cards, hybrid smart cards, and dual-interface smart cards. As per component the market is segmented into microcontroller-based and memory-based smart card. By industry vertical smart cards market is divided into IT & telecommunication, BFSI, retail & consumer goods, media & entertainment, and others. The market is further analyzed across four geographic regions including North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Increase in need for improved security and reliability in online transactions

Growing acceptance for high capacity SIM cards

Increase in investments for smart cards projects

Rise in number of smartphone users

Restraints:

High initial costs to alter the card reader infrastructure to make it compatible with the new versions

Market Players:

The key industry leaders in the global smart cards market include Smart Card IT Solutions Limited, Infineon Technologies AG, Morpho S.A.S., Oberthur Technologies, Watchdata Technologies, CPI Card Group Inc, Gemalto N.V., Atmel Corporation, Fujitsu Limited, Thales SA, and STMicroelectronics N.V.

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MARKET LANDSCAPE

By Product Type

Contact Cards
Contact-less Cards
Hybrid Smart Cards
Dual Interface Smart Cards

By Component

Microcontroller-based
Memory-based

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe

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Table Of Contents:

1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
4. Global smart cards market by product type
4.1. Contact cards
4.1.1. Historical market size by region, 2014-2016
4.1.2. Market forecast by region, 2017-2025
4.2. Contact-less cards