Global Smart Card Market Research Report

As per the research conducted by GME, the Smart Card Market will grow with a CAGR value of 7.9percent by 2026. The growing market preference for cashless transactions as well as the increased penetration of products with integrated circuits in the healthcare, retail, BFSI, and hospitality business, are projected to have a positive effect on the market Furthermore, technical advancements have resulted in the introduction of novel strategies such as contactless and multi-component chip services.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Smart Card Market - Forecast to 2026"

https://www.globalmarketestimates.com/market-report/global-smart-card-market-3059

By Interface (Contact, Contactless, and Dual), By Type (Memory and MPU Microprocessor), By Functionality (Transaction, Communication, and Security & Access Control), By Offering (Smart Card and Smart Card Readers), By Vertical (BFSI, Telecommunications, Government and Healthcare, Education, Retail, Transportation, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Key Market Insights

Despite the progressively changing environment in the aftermath of the COVID-19 pandemic, smart cards are seeing increased implementation in a variety of end-user sectors.
Contactless is leading in the interface segment, due to the surge in the populaces of consumers adopting the safe and robust mode of transactions.
MPU microprocessor is leading in the type segment because it enables secure payment, identification, and data processing.
The transaction is leading in the functionality segment because it enables fast and protected transactions without physical interaction.
The smart card is leading in the offering segment because they are primarily being used as a stored value tool, especially in loyalty programs.
Telecommunication is leading in the vertical segment because COVID-19 boosted the need for connectivity.
Asia Pacific region is the market leader because of the rising need for safer payment options among end-users.
Thales Group, IDEMIA, Giesecke + Devrient GmBH, CPI Card Group, HID Global Corporation, Watchdata, Eastcompeace, Inteligensa, ABCorp, CardLogix are among others are the top players in the Smart Card Market.

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Interface Outlook (Revenue, USD Billion, 2021-2026)