Smart Card Market Insights and Growth by 2031
The smart card is similar to a credit/debit card embedded with computer chips. The chip of card facilitates functionality to be added into the card which makes an ordinary, plastic card into SMART. The smart card reduces the amount of paperwork while improving storage capacity and record keeping process. The card also enables multiple transactions through one card by ensuring highly encrypted security.
MARKET DYNAMICS
The smart card market is anticipated to grow rapidly in the forecast period owing to driving factors such as an increase in the use of contactless interfaces among users is driving the smart card marker. Also, with continuous globalization, demand for smart cards and e-passports is growing at a high pace which is responsible for driving the smart card market. Moreover, retail and e-commerce industry booming exponentially which would raise the demand for a smart card soon and thereby, is anticipated to provide large opportunities to the players operating in the smart card market.
MARKET SCOPE
The "Global Smart Card Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the smart card market with detailed market segmentation by component, product, application, and geography. The global smart card market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart card market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global smart card market is segmented on the basis of component, type, and application. Based component, the market is segmented into hardware, software, and services. On the basis of product, the smart card market is segmented into contact smart cards and contactless smart cards, and others. The smart card market on the basis of the application is classified into BFSI, transportation, public sector, healthcare, and retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart card market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart card market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart card market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart card in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart card market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart card market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart card market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart card in these regions.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Smart Card Market - By Component
- Smart Card Market - By Type
- Smart Card Market - By Application
- Smart Card Market - By Region
o By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART CARD MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. SMART CARD MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SMART CARD MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART CARD - GLOBAL MARKET OVERVIEW
6.2. SMART CARD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. SMART CARD MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. SMART CARD MARKET REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. CONTACT SMART CARDS
8.3.1. Overview
8.3.2. Contact Smart Cards Market Forecast and Analysis
8.4. CONTACTLESS SMART CARDS
8.4.1. Overview
8.4.2. Contactless Smart Cards Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SMART CARD MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. TRANSPORTATION
9.4.1. Overview
9.4.2. Transportation Market Forecast and Analysis
9.5. PUBLIC SECTOR
9.5.1. Overview
9.5.2. Public Sector Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. RETAIL
9.7.1. Overview
9.7.2. Retail Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. SMART CARD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Smart Card Market Overview
10.1.2. North America Smart Card Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Component
10.1.4. North America Market Forecasts and Analysis - By Type
10.1.5. North America Market Forecasts and Analysis - By Application
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US market
10.1.6.1.1. US Market by Component
10.1.6.1.2. US Market by Type
10.1.6.1.3. US Market by Application
10.1.6.2. Canada market
10.1.6.2.1. Canada Market by Component
10.1.6.2.2. Canada Market by Type
10.1.6.2.3. Canada Market by Application
10.1.6.3. Mexico market
10.1.6.3.1. Mexico Market by Component
10.1.6.3.2. Mexico Market by Type
10.1.6.3.3. Mexico Market by Application
10.2. EUROPE
10.2.1. Europe Smart Card Market Overview
10.2.2. Europe Smart Card Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Component
10.2.4. Europe Market Forecasts and Analysis - By Type
10.2.5. Europe Market Forecasts and Analysis - By Application
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France market
10.2.6.1.1. France Market by Component
10.2.6.1.2. France Market by Type
10.2.6.1.3. France Market by Application
10.2.6.2. Germany market
10.2.6.2.1. Germany Market by Component
10.2.6.2.2. Germany Market by Type
10.2.6.2.3. Germany Market by Application
10.2.6.3. Italy market
10.2.6.3.1. Italy Market by Component
10.2.6.3.2. Italy Market by Type
10.2.6.3.3. Italy Market by Application
10.2.6.4. Russia market
10.2.6.4.1. Russia Market by Component
10.2.6.4.2. Russia Market by Type
10.2.6.4.3. Russia Market by Application
10.2.6.5. UK market
10.2.6.5.1. UK Market by Component
10.2.6.5.2. UK Market by Type
10.2.6.5.3. UK Market by Application
10.2.6.6. Rest of Europe market
10.2.6.6.1. Rest of Europe Market by Component
10.2.6.6.2. Rest of Europe Market by Type
10.2.6.6.3. Rest of Europe Market by Application
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Smart Card Market Overview
10.3.2. Asia Pacific Smart Card Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Component
10.3.4. Asia Pacific Market Forecasts and Analysis - By Type
10.3.5. Asia Pacific Market Forecasts and Analysis - By Application
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea
10.3.6.1.1. South Korea Market by Component
10.3.6.1.2. South Korea Market by Type
10.3.6.1.3. South Korea Market by Application
10.3.6.2. China market
10.3.6.2.1. China Market by Component
10.3.6.2.2. China Market by Type
10.3.6.2.3. China Market by Application
10.3.6.3. India market
10.3.6.3.1. India Market by Component
10.3.6.3.2. India Market by Type
10.3.6.3.3. India Market by Application
10.3.6.4. Japan market
10.3.6.4.1. Japan Market by Component
10.3.6.4.2. Japan Market by Type
10.3.6.4.3. Japan Market by Application
10.3.6.5. Australia market
10.3.6.5.1. Australia Market by Component
10.3.6.5.2. Australia Market by Type
10.3.6.5.3. Australia Market by Application
10.3.6.6. Rest of APAC market
10.3.6.6.1. Rest of APAC Market by Component
10.3.6.6.2. Rest of APAC Market by Type
10.3.6.6.3. Rest of APAC Market by Application
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Smart Card Market Overview
10.4.2. Middle East and Africa Smart Card Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Component
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Type
10.4.5. Middle East and Africa Market Forecasts and Analysis - By Application
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa market
10.4.6.1.1. South Africa Market by Component
10.4.6.1.2. South Africa Market by Type
10.4.6.1.3. South Africa Market by Application
10.4.6.2. Saudi Arabia market
10.4.6.2.1. Saudi Arabia Market by Component
10.4.6.2.2. Saudi Arabia Market by Type
10.4.6.2.3. Saudi Arabia Market by Application
10.4.6.3. UAE market
10.4.6.3.1. UAE Market by Component
10.4.6.3.2. UAE Market by Type
10.4.6.3.3. UAE Market by Application
10.4.6.4. Rest of MEA market
10.4.6.4.1. Rest of MEA Market by Component
10.4.6.4.2. Rest of MEA Market by Type
10.4.6.4.3. Rest of MEA Market by Application
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Smart Card Market Overview
10.5.2. South America Smart Card Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Component
10.5.4. South America Market Forecasts and Analysis - By Type
10.5.5. South America Market Forecasts and Analysis - By Application
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil market
10.5.6.1.1. Brazil Market by Component
10.5.6.1.2. Brazil Market by Type
10.5.6.1.3. Brazil Market by Application
10.5.6.2. Argentina market
10.5.6.2.1. Argentina Market by Component
10.5.6.2.2. Argentina Market by Type
10.5.6.2.3. Argentina Market by Application
10.5.6.3. Rest of SAM market
10.5.6.3.1. Rest of SAM Market by Component
10.5.6.3.2. Rest of SAM Market by Type
10.5.6.3.3. Rest of SAM Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. SMART CARD MARKET, KEY COMPANY PROFILES
12.1. ATOS SE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Types & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BRILLIANTTS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Types & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CPI CARD GROUP INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Types & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GEMALTO NV
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Types & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GIESECKE+DEVRIENT GMBH
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Types & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. IDENTIV, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Types & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.7. INSIDE SECURE ALL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Types & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NEWLAND PAYMENT TECHNOLOGY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Types & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. RAMBUS.COM
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Types & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. WATCHDATA TECHNOLOGIES
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Types & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Atos SE
2. BRILLIANTTS
3. CPI Card Group Inc.
4. Gemalto NV
5. Giesecke+Devrient GmbH
6. Identiv, Inc.
7. INSIDE SECURE ALL
8. Newland Payment Technology
9. Rambus.com
10. Watchdata Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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