Smart Card Market Trend, Growth, Analysis, Forecast 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Smart Card by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/smart-card-global-market-report

According to The Business Research Company’s Smart Card, The smart card market size has grown strongly in recent years. It will grow from $20.94 billion in 2023 to $22.84 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%.  The  growth in the historic period can be attributed to rising cybersecurity concerns, government initiatives, financial inclusion, contactless payment trends.The smart card market size is expected to see strong growth in the next few years. It will grow to $32.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.

Technological advancement is a key trend gaining popularity in the smart card market. Major companies in the smart card market are actively focused on providing technologically advanced products to strengthen their market positions. These companies are incorporating next-generation smart card technologies into their products, including memory technology, RFID, NFC, integrated circuits, Bluetooth tags, Wi-Fi RTLS, and others. The integration of these features and advancements enhances security, confidentiality, and convenience for users.

As an illustration, in July 2021, Thales, a France-based technology company, introduced an EMV card with a fingerprint, known as a Biometrics Sensor Payment card (BSPC). The BSPC fingerprint sensor card offers improved security and usability, eliminating contactless payment limits. This card replaces the traditional PIN with an on-card fingerprint sensor, and it does not require modifications to existing POS (Point of Sale) payment terminals

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The smart card market covered in this report is segmented –
1) By Type: Contact, Contactless, Hybrid, Dual-Interface
2) By Access: Physical, Logical
3) By Component: Memory-Based, Microcontroller-Based
4) By End Use: Government, Healthcare, Transportation, Telecommunication, Financial Services, Retail And Loyalty, Entertainment, Energy And Utility

Top Major Players

CardLogix Corporation,

CPI Card Group – Colorado Inc.,

Giesecke & Devrient GmbH,

IDEMIA,

Infineon Technologies AG 

The smart card market report table of contents includes:
             1. Executive Summary

2. Smart Card Market Characteristics
3. Smart Card Market Trends And Strategies
4. Smart Card Market – Macro Economic Scenario
5. Global Smart Card Market Size and Growth
6. Smart Card Market Segmentation
7. Smart Card Market Regional And Country Analysis

……..

33. Key Mergers And Acquisitions In The Smart Card Market
34. Smart Card Market Future Outlook and Potential Analysis
35. Appendix

    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Smart Card Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Smart Card Market, Segmentation By Access, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Smart Card Market, Segmentation By Componenet, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

…………..

Table 75: CardLogix Corporation Financial Performance

Table 76: CPI Card Group – Colorado Inc. Financial Performance

Table 77: Giesecke & Devrient GmbH Financial Performance

Table 78: IDEMIA Financial Performance

Table 79: Infineon Technologies AG Financial Performance 

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