According to Stratistics MRC, the Global Smart Card Market is estimated to be $7.4 billion in 2015 and is expected to reach $13.1 billion by 2022 growing at a CAGR of 8.5% from 2015 to 2022. Factors such as growing demand for secure & reliable payments, technology advancement, rising number of mobile phone subscribers and increasing penetration of mobile phones in emerging economies are driving the market growth. However, price pressures and technological challenges are inhibiting the growth of Smart card market.
Browse the report: http://www.orbisresearch.com/reports/index/smart-card-global-market-outlook-2016-2022
Retail and BFSI industry segments are the fastest growing segments of smart card market. Asia Pacific is anticipated to retain its leading position and is analyzed to be the fastest growing market during the forecast period. From application side, telecom sector mainly 3G dominates the smart card use, while from growth perspective transportation sector remains the most dynamic sector. Payment chip-card market shows an apparent swing towards contactless and converging applications. Contactless payment can be performed with smart cards and with mobile devices. In meticulous, the demand for Dual Interface (DIF) payment cards is growing.
The key players in the global smart card market are Siemens IT solutions and services, Sony corp, Datacard corp, Renesas Electronics, Arm Holdings PLC, Atmel Corporation, Diebold Corporation, Fujitsu Ltd., Gemalto NV, Giesecke & Devrient GMBH, Infineon Technologies AG, Ingenico SA, Inside Contactless S.A, MORPHO (SAGEM ORGA), Oberthur Technologies Group, Samsung Electronics, Stmicroelectronics N.V., Thales SA, Verifone System INC, Watchdata System CO., LTD, American Express Company, Atos SE, NXP Semiconductors NV, Texas Instruments, Inc. and CPI Card Group Inc.,
Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/215654
Components Covered:
Microcontroller Cards
Memory Cards
Applications Covered:
Healthcare
Transportation
Telecommunication
Banking, Financial Services and Insurance (BFSI)
Retail
Government ID
Pay TV
Other Applications
Types Covered:
Contact Smart Card
Contactless Smart Card
Hybrid Smart Card
Dual-interface Smart Card
Other Types
Buy the report @ http://www.orbisresearch.com/contact/purchase/215654
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Media Contact
Company Name: Orbis Research
Contact Person: Hector Costello
Email: sales@orbisresearch.com
Phone: +1 (214) 884-6817
Address:4144N Central Expressway, Suite 600
City: Dallas
State: Texas
Country: United States
Website: http://www.orbisresearch.com/reports/index/smart-card-global-market-outlook-2016-2022