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Global smart card IC market explored in latest research

IT Market Research

This report profiles the key players in the global smart card IC market: Infineon Technologies, NXP Semiconductors, SAMSUNG, and STMicroelectronics.

The latest industry research report on Smart Card IC by MRC provides a thorough analysis of the  Smart Card IC market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc.

over the predicted time frame. This report provides 360 Degree perspective of the Smart Card IC industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.

Prominent Vendors in the market are: Atmel, EM Microelectronic-Marin, ON Semiconductor, Renesas Electronics, and Shanghai HuaHong Integrated Circuit.

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Commenting on the report, an analyst from MRC’s team said: “One trend in the market is SIM cards for M2M communication. An M2M SIM card is the technology that allows devices and machines to communicate with each other.

In simpler terms, it is a SIM card that has been designed for machine use. Devices need to be equipped with interchangeable protocols that are necessary to receive and send data between devices.”

According to the report, one driver in the market is increase in number of financial frauds. The major driver for the global smart card IC market is the increasing number of financial across several countries.

Most debit and credit cards use magnetic tapes to store data. These magnetic tapes are easily tampered, leading to insecure monetary transactions and monetary loss for users.

Magnetic stripe cards can be subjected to frauds like card skimming. Card skimming is a technique wherein the details of the customer are stolen from the magnetic strip on the cards.

This information can be used to forge duplicate cards and hence be used to make fraudulent transactions.

Further, the report states that one challenge in the market is growth of net banking and mobile wallets. The growth of the online marketplace has compelled customers to opt for net banking and mobile wallets.

Customers find net banking convenient and safe to transfer money online. Multiple users find it convenient to transfer money online using internet banking, as it is the safest way to make transactions.

Banks provide these services with high levels of security, and most of B2B transactions are done through the internet banking at present. Several large companies use online payment methods to make bank transfers and not cards to make a payment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments.

It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.

Key Topics Covered in the Report:

  • Comprehensive overview of parent market with market definition, classification
  • Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
  • Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
  • Value Chain Analysis, Strategic insights, and market estimations
  • Technology, trends, developments, and changing market dynamics of the Cannabis Testing industry
  • Facts, stats, historical data, market size forecast regarding volume and value
  • Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
  • Insights on prospective opportunities and challenges, success and risk

The report brings to your attention analysis of the Smart Card IC market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions.

It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.

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Market Scope

The research report takes different facets into consideration to scrutinize the  Smart Card IC industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.

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