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Smart Card Industry and it’s growth outlook 2018-2025 published by leading research firm

Smart Card

Global Smart Card Industry was valued at USD 9.47 Billion in the year 2017. Global Smart Card Industry is further estimated to grow at a CAGR of 9.54% from 2018 to reach USD 19.63 Billion by the year 2025.

Asia Pacific region holds the highest Industry share in 2017 with Europe region is considered as the fastest growing Industry in the forecasted period. At a country level, China was the biggest Industry in 2017 and it is projected to grow at a gradual pace in the coming years.

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The major players in Smart Card Industry are American Express Company, Arm Holdings Plc., Microchip Technology Inc. (Atmel Corporation), Entrust Datacard Corporation, Atos SE, Gemalto N.V., CPI Card Group Inc.

Other 13 company’s detailed information is provided in research report). 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.

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SWOT Analysis of Smart Card Industry

Strength

             Data Security for the cards

             Flexibility and Multiservice

Weakness

             Cost and Limitations

Opportunities

             New and Innovative Card application

Threats

             Lack of business case

The Global Smart Card Industry is segmented by technology, by component, by application, and by region. In technology type, Contact based smart card is expected to hold the highest Industry share during the forecast period.

On the other hand, by application Telecommunication Industry for Smart card is expected to grow at the highest CAGR during the year 2018-2025. The driving factors are the strong adoption of subscriber identity module (SIM) cards for mobile phone.

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

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

News From

Alexa ReportsAlexa Reports
Category: Market Research Publishers and RetailersCompany about: Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Till date, we have collaborated and partnered with well-known publishers in specialized domain to offer our clients with comprehensive market analysis. Over the past few years, we have been ab ...
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