Global Dual Interface Smart Card Market Overview:
A dual interface chip card is a credit or debit card that contains a single embedded chip that allows it to be used in both contact and contactless transactions. The "contactless" part refers to the presence of an RFID or NFC chip, which allows it to obtain the card's identifying information and make payments via radio-frequency identification (RFID) or near-field communication (NFC) technologies. The "contact" part indicates that it can be used with physical readers, either through a traditional magnetic stripe or by dipping the chip into an EMV reader. A dual interface chip card is a type of smart card that contains an embedded chip that allows for both contact and contactless transactions (aka tap-and-pay). A contactless card, which has a hidden antenna, allows users to pay for an item by waving their card in front of a reader.
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|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- The Growing Adoption in the Banking Sector has Been Driving the Market Growth.
- Security Related Concerns are Restraining the Market Growth.
- Infrastructure Development Initiatives in AIML And Iot Shall Bring More Growth Opportunities in Smart Card Demand.
- The Semiconductor Supply Chain Disruption has Been Challenging for Market Growth.
To entice more end users, market players are focusing on providing Dual interface smart cards with advanced and innovative technology while adhering to all regulatory standards. In the global Dual interface smart card market, there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Dual interface smart card market is currently expanding due to the rapid advancement of technology and the increased adoption in the finance and banking sectors. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions.
Some of the key players profiled in the report are 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). Analyst at AMA Research see United States Players to retain maximum share of Global Dual Interface Smart Card market by 2026. Considering Market by Embedded chip, the sub-segment i.e. Microprocessor will boost the Dual Interface Smart Card market. Considering Market by Subtract, the sub-segment i.e. PVC will boost the Dual Interface Smart Card market. Considering Market by Component, the sub-segment i.e. Hardware will boost the Dual Interface Smart Card market.
Latest Market Insights:
Soracom, Inc., a global provider of advanced IoT connectivity, July 2022 announced a partnership with IDEMIA, a leading company in identity technologies, to offer innovative SMBs, SMEs, and enterprises in North America and Europe expanded embedded universal integrated circuit card capabilities based on IDEMIA’s IoT-optimized DAKOTA SMART eSIM technology. The offering is the first deployment of DAKOTA SMART in the United States.
In February 2022, Rocker launches Rocker Touch: the first biometric payment card in Sweden. The Swedish banking challenger teams up with IDEMIA and IDEX to launch biometric payment cards as one of the first in the world to deploy to consumers.
Smart card technology is currently recognized as the most appropriate technology for identity applications that must meet critical security requirements. Countries around the world use smart cards for secure identity, payment, and healthcare applications. In addition, public corporations use smart employee ID cards to secure access to physical facilities and computer systems, and networks. The U.S. Federal government has standardized smart cards for employee and contractor identification cards and is also specifying smart cards in new identity programs for citizens, transportation workers, and first responders.
What Can be Explored with the Dual Interface Smart Card Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dual Interface Smart Card Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dual Interface Smart Card
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dual Interface Smart Card market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dual Interface Smart Card market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Semiconductor manufacturers, Smart card manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.