What is Contact Smart Cards?
Contact smart cards are placed into a sensible card reader, having physical contact with the reader. Advantages of getting open-end credit larger memory, High levels of security, reduced fraud, organized information, Reliability, Upper management information, Information Security, and simple use without need for connections online or via telephone. Examples of smart cards are contactless payment cards, transit cards, health ID cards, employee ID badges, medical records cards.
The market study is broken down by Type (Memory Card, Microprocessor Card and Smart Card Reader) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Contact Smart Cards market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thales Group (France), IDEMIA (France), Giesecke + Devrient GmBH (Germany), CPI Card Group (United States), HID Global Corporation (United States), Watchdata (China), Eastcompeace (China), Inteligensa (United States), ABCorp (United States) and CardLogix (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Contact Smart Cards market by Type, Application and Region.
On the basis of geography, the market of Contact 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). If we see Market by Sales, the sub-segment i.e. Direct Channel will boost the Contact Smart Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. SIM & Telecom will boost the Contact Smart Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2020, Confidex, a leading designer and supplier of short-range wireless identification solutions, entered into a partnership with Thales to develop a flexible smart media for Calypso-based systems. Confidex used Gemalto’s software solutions to create a new category of microprocessor-based smart media. These products include durable contactless paper cards embedded with a PET layer that reinforces the structure of the card. This makes the product resistant to harsh environments associated with transportation applications.
- Increasing large consumer base and the presence of a number of smart card manufacturers from Asia Pacific Region, Majorly from China
- Increasing adoption in the banking & financial sector
- Lack of awareness of using smart card
- High cost and high infrastructure
- Increasing demand for identity cards
Key Target AudienceManufactures, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Thales Group (France), IDEMIA (France), Giesecke + Devrient GmBH (Germany), CPI Card Group (United States), HID Global Corporation (United States), Watchdata (China), Eastcompeace (China), Inteligensa (United States), ABCorp (United States) and CardLogix (United States) etc.
2. Can we have customized study for Contact Smart Cards Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Contact Smart Cards Market by 2026?
Analysts at AMA estimates Contact Smart Cards Market to reach USD Million by 2026.