Scope of the Study
A smart card is made of plastic with an integrated circuits which are called microchips. It is used for authentication, identification, application processing and others. In addition, the smart cards are used in various industries such as government, transportation and healthcare. The smart cards are classified into contactless and contact based. Due to the advantages of contactless card such as speed, versatility and ease of use, it is gaining the popularity as compared to contact based cards. These factors are increasing the market growth.
The market study is being classified by Type (Contactless IC Card, Contact IC Card and Dual Interface IC Card) and major geographies with country level break-up.
American Banknote Corporation (United States), Giesecke & Devrient (Germany), Bartronics (India), Cardcom Technology (United States), CardLogix Corporation (United States), CPI Card Group (United States), Gemalto (Netherlands), Oberthur Technologies (France), Morpho (France) and Eastcompeace (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Eastcompeace Technology Co. Ltd (China) and Goldpac Group (China).
The market of Smart IC Card consists of major players who are focusing on the expansion by merger and acquisition. The emerging economies are to estimate positive growth due to the factors such as government initiatives and increasing popularity in upcoming years. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart IC Card market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Smart IC Card market by Type, Application and Region.
On the basis of geography, the market of Smart IC 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Usage of Contactless Smartcards is Fuelling the Market Growth
- Integration of smart cards with block chain is increasing the market growth. The ICs which are embedded with the microprocessors are increasing the need of integration with the block chain. This integration fulfils the security requirements to store and manage the cryptographic keys. Hence, it protects the data in microprocessors, RAMs and others which are fuelling the market growth.
- Increase in Competition among the Major Players
- Technological Advancements are boosting the Market Growth
- Favorable Government Regulations are affecting the Market Positively
- Security Concerns may hinder the Market
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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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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