Scope of the Study
Banking smart card is a physical electronic authorization device used to control access to a resource. It is typically a plastic card with an embedded integrated circuit. It includes a pattern of metal contacts to electrically connect to the internal chip. It can provide personal identification, authentication, data storage and application processing. It works in zero-error and the life of the card. These cards may also be used as electronic wallets and can be loaded with funds to pay parking meters, vending machines or merchant.
The market study is being classified by Type (Magnetic Stripe Card, Chip Card, Dual Interface Card and Others), by Application (Commercial, Personal and Others) and major geographies with country level break-up.
Gemalto (Netherlands), Giesecke+Devrient (Germany), IDEMIA (France), Visa Inc. (United States), American Express (United States), Mastercard Incorporated (United States), Arm Holdings (United Kingdom), Rambus Incorporated (United States), CardLogix Corporation (United States) and HID Global (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Infineon Technologies (Germany).
AdvanceMarketAnalytics has segmented the market of Global Banking Smart Cards market by Type, Application and Region.
On the basis of geography, the market of Banking Smart Cards 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in the Convenience of Banking Transactions
- Reduction in Chances of Fraudulence
- Increase in Zero Error Functioning
- High Cost of Initial Implementation for Banks
- Growing Banking Sector Worldwide
- Technological Advancements in the Banking Process
- Lack of Awareness about Banking Smart Card Technology
Market Leaders and their expansionary development strategies
In October 2019, IDEMIA, a French-based firm that specializes in augmented identity, has acquired X-Core Technologies' metal payment card business and associated patents.
On 4th January 2018, Gemalto, the world leader in digital security, has launched the world's first EMV biometric dual interface payment card for both chip and contactless payments.
Key Target AudienceBanking Smart Card Providers, Research Professionals, Emerging Companies, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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