(Telecom-NewsWire.Net, March 20, 2017 ) According to Publisher, the Global Smart Card Market is estimated to be $7.4 billion in 2015 and is expected to reach $13.1 billion by 2022 growing at a CAGR of 8.5% from 2015 to 2022. Factors such as growing demand for secure & reliable payments, technology advancement, rising number of mobile phone subscribers and increasing penetration of mobile phones in emerging economies are driving the market growth. However, price pressures and technological challenges are inhibiting the growth of Smart card market.
Retail and BFSI industry segments are the fastest growing segments of smart card market. Asia Pacific is anticipated to retain its leading position and is analyzed to be the fastest growing market during the forecast period. From application side, telecom sector mainly 3G dominates the smart card use, while from growth perspective transportation sector remains the most dynamic sector. Payment chip-card market shows an apparent swing towards contactless and converging applications. Contactless payment can be performed with smart cards and with mobile devices. In meticulous, the demand for Dual Interface (DIF) payment cards is growing.
The key players in the global smart card market are Siemens IT solutions and services, Sony corp, Datacard corp, Renesas Electronics, Arm Holdings PLC, Atmel Corporation, Diebold Corporation, Fujitsu Ltd., Gemalto NV, Giesecke & Devrient GMBH, Infineon Technologies AG, Ingenico SA, Inside Contactless S.A, MORPHO (SAGEM ORGA), Oberthur Technologies Group, Samsung Electronics, Stmicroelectronics N.V., Thales SA, Verifone System INC, Watchdata System CO., LTD, American Express Company, Atos SE, NXP Semiconductors NV, Texas Instruments, Inc. and CPI Card Group Inc.,
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
Company Profiling 10.1 Siemens IT solutions and services 10.2 Sony corp 10.3 Datacard corp 10.4 Renesas Electronics 10.5 Arm Holdings PLC 10.6 Atmel Corporation 10.7 Diebold Corporation 10.8 Fujitsu Ltd. 10.9 Gemalto NV 10.10 Giesecke & Devrient GMBH 10.11 Infineon Technologies AG 10.12 Ingenico SA 10.13 Inside Contactless S.A 10.14 MORPHO (SAGEM ORGA) 10.15 Oberthur Technologies Group 10.16 Samsung Electronics 10.17 Stmicroelectronics N.V. 10.18 Thales SA 10.19 Verifone System INC 10.20 Watchdata System CO., LTD 10.21 American Express Company 10.22 Atos SE 10.23 NXP Semiconductors NV 10.24 Texas Instruments, Inc. 10.25 CPI Card Group Inc.,
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