GLOBAL SMART CARD MARKET was valued at USD 9.47 Billion in the year 2017. Global Smart Card Market is further estimated to grow at a CAGR of 9.55% from 2018 to reach USD 16.36 Billion by the year 2023. Asia Pacific region holds the highest market share in 2017 with Europe region is considered as the fastest growing market in the forecasted period. At a country level, China was the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.
American Express Company. (U.S.), Arm Holdings PLC (U.K.), Microchip Technology Inc. (U.S), are some of the key players in the Smart Card market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in recent years.
Download Free Sample Report @ https://bit.ly/2LtCSXJ
Drivers:
Data Security for the cards
Flexibility and Multiservice
Restraints:
Cost and LiDownload Free Sample Report @ mitations
Opportunities:
New and Innovative Card application
Challenges:
Lack of business case
The Global Smart Card Market is segmented by technology, by component, by application, and by region. In technology type, Contact based smart card is expected to hold the highest market share during the forecast period. On the other hand, by application Telecommunication market for Smart card is expected to grow at the highest CAGR of X.X during the year 2017-2022. The driving factors are the strong adoption of subscriber identity module (SIM) cards for mobile phone.
Get 20% Discount on Full Customized Report @ https://bit.ly/2LtlaUb
Key Benefits for Stakeholders
Smart Card Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End-use industries
Regulatory bodies, policy actors, and consumers.
By Technology
Contact Card
Contactless Card
Multi-Component Card
By Component
Memory-Based
Microcontroller-Based
By Application
Banking, Financial Services, and Insurance (BFSI)
Government
Telecommunication
Retail
Healthcare
Hospitality
Transportation
Pay TV
Others
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
American Express Company
Arm Holdings Plc.
Microchip Technology Inc. (Atmel Corporation)
Entrust Datacard Corporation
Atos SE
Gemalto N.V.
CPI Card Group Inc.
Read Report Overview with Full TOC @ https://bit.ly/2GQhd8m