Smart
cards refer to IC based cards that accumulate and retrieve
information using various computer systems. Smart cards consist of
central processing units and different memory units. Portability of
smart cards enables their extensive utilization across various
applications. Smart cards primarily act as a cost-effective way to
store, manage and maintain credentials for end-users.
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Smart Cards Market Report with Full TOC at
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The
research study titled “Smart Cards (Contact, Contactless, Dual
Interface and Hybrid) Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020” provides in-depth
analysis of the market and related sub-segments. The report
strategically focuses on market segments including different types of
smart cards and their applications across various sectors. In
addition, this report provides market insights and forecast about the
size and growth of each segment across each of the geographic
regions. The report includes detailed analysis of prevalent market
trends and competitive profiles of key players. To provide better
understanding of competition in the market, the report offers value
chain analysis, Porter’s five forces analysis and market
attractiveness analysis. The study on the global smart cards market
has been conducted with the objective of providing thorough coverage
of the underlying technological and socio-economic factors driving
the market.
The
smart cards market is expected to see consistent growth in the coming
years due to the increasing demand for secure and reliable payment
transactions across the retail and BFSI industry. Moreover, cost
saving schemes for merchants from payments brands such as Visa,
MasterCard and Europay is driving the smart card technology
innovations. The decreasing prices of Subscriber Identification
Module (SIM) cards and tariff rates are increasing the number of
mobile subscribers, and thus further contributing to the growth of
the smart cards market. However, factors such as price pressures and
technological challenges along with cost of migrating to smartcard
compatible readers affect the adoption of smartcards. Conversely,
technology advancements, reducing prices and introduction of high-end
SIMs offer potential opportunities for the growth of the smart cards
market.
This
report studies the current scenario as well as the future market
potential for smart cards globally. The market for smart cards has
been segmented based on four major parameters, namely, card type,
components, applications and geography. The major types of smart
cards used are contact smart cards, contactless smart cards, hybrid
smart cards and dual-interface smart cards.
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On
the basis of components, the smart cards market is segmented as
microcontroller based smart cards and memory based smart cards. The
demand for microcontroller based smart cards is significantly high
owing to wide adoption of such cards for contactless and
dual-interface smart cards. The applications segment is classified
into high-end applications and low-end applications. The high-end
applications are further segmented as per its uptake across wide
range of sectors including Government, Telecommunication,
Transportation, Healthcare, Financial services, Retail and Loyalty,
and pay TV. The market for these applications has been extensively
analyzed on the basis of factors such as technology used, geographic
presence and smart cards type. The market size and forecast in terms
of revenue (USD million*) for each of these segments has been
provided for the period 2012 to 2020, considering 2013 as the base
year and 2012 as historic data. The report also provides the
compounded annual growth rate (CAGR) for each segment of the market
for the forecast period 2014 to 2020.
Geographically,
the market for global smart cards has been segmented into four
regions, namely North America, Europe, Asia Pacific and Rest of the
World. The report also provides a competitive landscape, wherein the
market share analysis of leading players in the global smart cards
market for the year 2013, in terms of value percentage, has been
discussed.
The
Smart Cards Market Segmentation:
Smart
Cards Market, by Type
- Contact Smart Card
- Contactless Smart Card
- Hybrid Smart Card
- Dual-interface Smart Cards
Smart
Cards Market, by Components
- Memory Cards
- Microcontroller Cards
Smart
Cards Market, by Applications
High-End
Applications
- Government Sector
- Healthcare Sector
- Transportation Sector
- Telecommunications Sector
- Pay TV Sector
- Financial Services, Retail and Loyalty Sector
Low-End
Applications
Smart
Cards Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (Africa, Middle East and Latin America)
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