Mobile Payment SD Card is a mobile accessory which help in secure mobile payments. An SD controller is used to recognise external equipment access to the SD card, and a Flash memory bank is used to provide memory space for the SD card in the mobile payment SD card. Both the SD controller and the Flash memory bank are linked. The SD card is even equipped with SWP protocol interface, which allows for remote payment access. The growing popularity of the mobile based payment gateways and mechanisms has accelerated the market of the mobile payment SD card market. Although low expansion of the product outside as well as highly complex technology restrains the market to certain regions. Growing penetration of Internet as well as rising adoption of modern tech solutions by business will significantly bolster the market. Currently, China in Asia Pacific region and North America are two major markets of the mobile payment SD Card.
AMA Research have segmented the market of Global Mobile Payment SD Card - market by Type, Application and Region.
On the basis of geography, the market of Mobile Payment SD Card - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Financial Area Accounts for Larger Market Share
Growing Popularity of Mobile Based Payment Mechanism due to Easy Convenience and Advancement in Payment and SD Card Technology
Asia Pacific Region has Huge Potential due to Presence of Emerging Economies in the Region
- Low Expansion of the Technology outside China and Certain Western Markets
- Disruptions in Global Supply of Semiconductor
In addition to the aforementioned factor, Growing Popularity of Mobile Based Payment Mechanism due to Easy Convenience
is expected to propel the growth of the market over the forecast period.
Rising popularity of the mobile based payment mechanisms has led to growth of the mobile payment SD cards market. Although complexities in technology along with global disruptions in semiconductor supply has significantly hampered the growth prospectus of regions outside already established markets. Currently, China in Asia Pacific region is the fastest growing market.
The key Players profiled in the study are NBS Technologies (United States), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Entrust Corporation (United States), Atmel Corporation (United States), Giesecke & Devrient (Germany), Shanghai Fudan Microelectronics Group Co. Ltd. (China), Gemalto (Netherlands), Rambus Inc. (United States) and Goldpac Group (China).