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[ 英語タイトル ] Smart Card Market by Communication (Contact and Contactless), Component (Hardware, Software, and Services), Application (BFSI, Government and Healthcare, Transportation, Retail, and Others) and Geography - Global Forecast to 2023


Product Code : MNMSE00109934
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Semiconductor and Electronics
Study Area : Global
Report format : PDF
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[Report Description]

“The global smart card market is expected to grow at a CAGR of 8.7% between 2018 and 2023.”
The smart card market is expected to reach USD 21.57 billion by 2023 from USD 14.22 billion in 2018, at a CAGR of 8.7% between 2018 and 2023. Use of smart cards in the BFSI sector has also been rising, supported by the transition of magnetic cards to EuroPay, MasterCard, and Visa (EMV) standard (chip and PIN) cards. EMV standards mandate the use of smart cards such as credit/debit/ATM and prepaid cards in financial transactions. The major factors driving the growth of the smart card market include increasing use of online payment methods enabling consumers to make secure and reliable payments. In line with this, the use of contactless smart cards has gained remarkable consideration as electronic payment methods are rapidly replacing cash and carry operations. However, factors such as initial costs associated with the deployment of contactless EPOS terminals and increasing adoption of mobile wallets are restraining the growth of the market.

“The market for contactless smart cards is expected to grow at a high rate between 2018 and 2023.”
The market for contactless smart card is expected to grow at a high rate during the forecast period. The BFSI sector is expected to witness a high adoption of contactless smart cards in the coming years. Further, the transition of smart cards in the US to EMV standard is driving the growth of the market for contactless smart cards. The market for contactless smart cards has been subsegmented into microprocessors and memory-based smart cards.

“The smart card market for software is expected to register the fastest growth during the forecast period.”
The smart card market for software is expected to grow significantly during the forecast period. This market comprises management system software and databases. Increasing demand for data analysis and management is expected to support the growth of the market.
Smart card companies provide technology consulting services to design smart card systems and solutions. These services help in managing business transformation programs and delivering robust models to help clients achieve strategic objectives through technical and business improvements. Further, the adoption of cybersecurity services by smart card players is expected to positively impact the market for services in the coming years.

“BFSI applications is expected to hold the largest share of the smart card market in 2018.”
BFSI applications is expected to hold the largest share of the smart card market in 2018. Smart cards are primarily used in BFSI applications to implement Europay, MasterCard, and Visa (EMV) standards across several countries. The demand for smart cards is high in the BFSI sector as many credit/debit card issuers are switching to the EMV standard. Further, signature verification removal in the US is expected to boost the demand for smart cards in the coming years.
“Asia Pacific is likely to hold the largest market share in 2018, and the market in this region is expected to grow at the highest rate during the forecast period.”
The smart card market in Asia Pacific is expected to grow at the highest rate during the forecast period owing to the increasing demand in developing countries such as India, China, Malaysia, and Thailand, which are increasingly implementing smart cards in the transportation, BFSI, retail, government, and healthcare sectors. Companies in these countries are implementing smart cards to make the process of payments and other documentations easy for consumers.
Break-up of the profiles of primary participants:
• By Company Type: Tier 1 – 52%, Tier 2 – 21%, and Tier 3 – 27%
• By Designation: C-Level Executives – 37% and Managers – 63%
• By Region: North America – 21%, Europe – 40%, Asia Pacific – 15%, and Rest of the World – 24%
The report includes profiles of market players such as Gemalto N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), IDEMIA France SAS(France), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), HID Global Corporation (Sweden), STMicroelectronics NV (Switzerland), Ingenico Group SA (France), VeriFone Systems, Inc. (US), Beijeng Watchdata Co. Ltd. (China), Rambus Inc. (US), CPI Card Group Inc. (US), Identiv, Inc. (US), KONA I Co., Ltd. (South Korea), VALID (Brazil), Fingerprint Cards AB (Sweden), BrilliantTS Co. Ltd. (South Korea), Bitel Co. Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), PAX Global Technology Ltd. (Hong Kong), CardLogix Corporation (US), ZWIPE (Norway), and Versasec AB (Sweden).
Research Coverage:
This research report categorizes the global smart card market based on communication, component, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the market; and includes value chain analysis and market ranking analysis.
Reasons to Buy the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the smart card market comprehensively and provides the closest market size estimation for subsegments across different regions.
2. The report would help stakeholders understand the pulse of the market and provide them the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain insights to improve their positions in the market. The competitive landscape section studies competitor ecosystem, product launches, acquisitions, partnerships, expansions, contracts, and collaborations.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 GEOGRAPHIC SCOPE 15
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 List of major secondary sources 19
2.1.1.2 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES FOR SMART CARD MARKET 31
4.2 SMART CARD MARKET, BY COMMUNICATION TYPE 31
4.3 SMART CARD MARKET, BY APPLICATION 32
4.4 SMART CARD MARKET, BY COMPONENT 32
4.5 SMART CARD MARKET, BY GEOGRAPHY 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 Growing demand for identification cards to avail government facilities 35
5.2.1.2 Contactless interfaces to boost adoption of smart cards 36
5.2.1.3 Globalization driving the adoption of ePassports and smart cards in banking systems 37
5.2.2 RESTRAINTS 40
5.2.2.1 High costs involved in deploying EPOS terminals 40
5.2.2.2 Increasing adoption of mobile wallets reducing the demand for smart cards 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Blockchain technology enhancing security features 40
5.2.4 CHALLENGES 41
5.2.4.1 Security related to contactless technology 41
5.2.4.2 Lack of standardization and consumer awareness 41
5.3 VALUE CHAIN ANALYSIS 41
6 SMART CARD MARKET, BY COMMUNICATION 43
6.1 INTRODUCTION 44
6.2 CONTACT SMART CARDS 45
6.3 CONTACTLESS SMART CARDS 48
6.4 MICROPROCESSOR-BASED SMART CARDS 51
6.5 MEMORY-BASED SMART CARDS 53
7 SMART CARD MARKET, BY COMPONENT 56
7.1 INTRODUCTION 57
7.2 HARDWARE 58
7.2.1 SMART CARDS 58
7.2.2 SMART CARD READERS 59
7.3 SOFTWARE 63
7.4 SERVICES 64
8 SMART CARD MARKET, BY APPLICATION 67
8.1 INTRODUCTION 68
8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 69
8.3 GOVERNMENT AND HEALTHCARE 69
8.4 TRANSPORTATION 70
8.5 RETAIL 71
8.6 OTHERS 72
9 GEOGRAPHIC ANALYSIS 73
9.1 INTRODUCTION 74
9.2 NORTH AMERICA 75
9.3 EUROPE 77
9.4 APAC 79
9.5 ROW 81
10 COMPETITIVE LANDSCAPE 84
10.1 OVERVIEW 84
10.2 MARKET RANKING ANALYSIS 85
10.3 COMPETITIVE SCENARIO 86
10.3.1 PRODUCT LAUNCHES AND DEVELOPMENTS 86
10.3.2 10 MOST RECENT PARTNERSHIPS, CONTRACTS, ACQUISITIONS, AND AGREEMENTS 88
11 COMPANY PROFILES 89
11.1 KEY PLAYERS 89
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
11.1.1 GEMALTO N.V. 89
11.1.2 GIESECKE & DEVRIENT GMBH 94
11.1.3 IDEMIA 98
11.1.4 INFINEON TECHNOLOGIES AG 103
11.1.5 NXP SEMICONDUCTORS N.V. 106
11.1.6 SONY CORPORATION 110
11.1.7 SAMSUNG ELECTRONICS CO. LTD 113
11.1.8 HID GLOBAL CORPORATION/ASSA ABLOY AB 115
11.1.9 STMICROELECTRONICS N.V. 119
11.1.10 INGENICO GROUP SA 122
11.1.11 VERIFONE SYSTEMS INC. 126
11.1.12 BEIJENG WATCHDATA CO. LTD. 129
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS 131
11.2.1 RAMBUS INC. 131
11.2.2 CPI CARD GROUP INC. 132
11.2.3 IDENTIV, INC. 132
11.2.4 KONA I CO., LTD. 133
11.2.5 VALID 133
11.2.6 FINGERPRINT CARDS AB 134
11.2.7 BRILLIANTTS CO., LTD. 134
11.2.8 BITEL CO. LTD 135
11.2.9 FUJIAN NEWLAND PAYMENT TECHNOLOGY CO., LTD 135
11.2.10 PAX GLOBAL TECHNOLOGY LTD. 136
11.2.11 CARDLOGIX CORPORATION 136
11.2.12 ZWIPE AS 137
11.2.13 VERSASEC AB 137
12 APPENDIX 138
12.1 INSIGHTS OF INDUSTRY EXPERTS 138
12.2 DISCUSSION GUIDE 139
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 141
12.4 AVAILABLE CUSTOMIZATIONS 143
12.5 RELATED REPORTS 143
12.6 AUTHOR DETAILS 144

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