This report studies the current scenario as well as the future market potential for smart cards globally. The market for smart cards has been segmented based on four major parameters, namely, card type, components, applications and geography. The major types of smart cards used are contact smart cards, contactless smart cards, hybrid smart cards and dual-interface smart cards.
Albany, NY -- (SBWIRE) -- 10/29/2015 -- Smart cards refer to IC based cards that accumulate and retrieve information using various computer systems. Smart cards consist of central processing units and different memory units. Portability of smart cards enables their extensive utilization across various applications. Smart cards primarily act as a cost-effective way to store, manage and maintain credentials for end-users.
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The research study titled "Smart Cards (Contact, Contactless, Dual Interface and Hybrid) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments including different types of smart cards and their applications across various sectors. In addition, this report provides market insights and forecast about the size and growth of each segment across each of the geographic regions. The report includes detailed analysis of prevalent market trends and competitive profiles of key players. To provide better understanding of competition in the market, the report offers value chain analysis, Porter's five forces analysis and market attractiveness analysis. The study on the global smart cards market has been conducted with the objective of providing thorough coverage of the underlying technological and socio-economic factors driving the market.
The smart cards market is expected to see consistent growth in the coming years due to the increasing demand for secure and reliable payment transactions across the retail and BFSI industry. Moreover, cost saving schemes for merchants from payments brands such as Visa, MasterCard and Europay is driving the smart card technology innovations. The decreasing prices of Subscriber Identification Module (SIM) cards and tariff rates are increasing the number of mobile subscribers, and thus further contributing to the growth of the smart cards market. However, factors such as price pressures and technological challenges along with cost of migrating to smartcard compatible readers affect the adoption of smartcards. Conversely, technology advancements, reducing prices and introduction of high-end SIMs offer potential opportunities for the growth of the smart cards market.
On the basis of components, the smart cards market is segmented as microcontroller based smart cards and memory based smart cards. The demand for microcontroller based smart cards is significantly high owing to wide adoption of such cards for contactless and dual-interface smart cards. The applications segment is classified into high-end applications and low-end applications. The high-end applications are further segmented as per its uptake across wide range of sectors including Government, Telecommunication, Transportation, Healthcare, Financial services, Retail and Loyalty, and pay TV. The market for these applications has been extensively analyzed on the basis of factors such as technology used, geographic presence and smart cards type. The market size and forecast in terms of revenue (USD million*) for each of these segments has been provided for the period 2012 to 2020, considering 2013 as the base year and 2012 as historic data. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2014 to 2020.
Geographically, the market for global smart cards has been segmented into four regions, namely North America, Europe, Asia Pacific and Rest of the World. The report also provides a competitive landscape, wherein the market share analysis of leading players in the global smart cards market for the year 2013, in terms of value percentage, has been discussed.
The Smart Cards Market Segmentation:
Smart Cards Market, by Type
Contact Smart Card
Contactless Smart Card
Hybrid Smart Card
Dual-interface Smart Cards
Smart Cards Market, by Components
Smart Cards Market, by Applications
Pay TV Sector
Financial Services, Retail and Loyalty Sector
Smart Cards Market, By Geography
Rest of the World (Africa, Middle East and Latin America)
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