Market Research Reports

Smart Cards (Contact, Contactless, Dual Interface and Hybrid) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

133pages
Published Date: 2014-12-04
 

Description


Smart cards refer to IC based cards that accumulate and retrieve information using various computer systems. Smart cards consist of central processing units and different memory units. Portability of smart cards enables their extensive utilization across various applications. Smart cards primarily act as a cost-effective way to store, manage and maintain credentials for end-users.

The research study titled “Smart Cards (Contact, Contactless, Dual Interface and Hybrid) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments including different types of smart cards and their applications across various sectors. In addition, this report provides market insights and forecast about the size and growth of each segment across each of the geographic regions. The report includes detailed analysis of prevalent market trends and competitive profiles of key players. To provide better understanding of competition in the market, the report offers value chain analysis, Porter’s five forces analysis and market attractiveness analysis. The study on the global smart cards market has been conducted with the objective of providing thorough coverage of the underlying technological and socio-economic factors driving the market. 

The smart cards market is expected to see consistent growth in the coming years due to the increasing demand for secure and reliable payment transactions across the retail and BFSI industry. Moreover, cost saving schemes for merchants from payments brands such as Visa, MasterCard and Europay is driving the smart card technology innovations. The decreasing prices of Subscriber Identification Module (SIM) cards and tariff rates are increasing the number of mobile subscribers, and thus further contributing to the growth of the smart cards market. However, factors such as price pressures and technological challenges along with cost of migrating to smartcard compatible readers affect the adoption of smartcards. Conversely, technology advancements, reducing prices and introduction of high-end SIMs offer potential opportunities for the growth of the smart cards market. 

This report studies the current scenario as well as the future market potential for smart cards globally. The market for smart cards has been segmented based on four major parameters, namely, card type, components, applications and geography. The major types of smart cards used are contact smart cards, contactless smart cards, hybrid smart cards and dual-interface smart cards. 

On the basis of components, the smart cards market is segmented as microcontroller based smart cards and memory based smart cards. The demand for microcontroller based smart cards is significantly high owing to wide adoption of such cards for contactless and dual-interface smart cards. The applications segment is classified into high-end applications and low-end applications. The high-end applications are further segmented as per its uptake across wide range of sectors including Government, Telecommunication, Transportation, Healthcare, Financial services, Retail and Loyalty, and pay TV. The market for these applications has been extensively analyzed on the basis of factors such as technology used, geographic presence and smart cards type. The market size and forecast in terms of revenue (USD million*) for each of these segments has been provided for the period 2012 to 2020, considering 2013 as the base year and 2012 as historic data. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2014 to 2020. 

Geographically, the market for global smart cards has been segmented into four regions, namely North America, Europe, Asia Pacific and Rest of the World. The report also provides a competitive landscape, wherein the market share analysis of leading players in the global smart cards market for the year 2013, in terms of value percentage, has been discussed. 
The Smart Cards Market Segmentation:

Smart Cards Market, by Type
  • Contact Smart Card 
  • Contactless Smart Card 
  • Hybrid Smart Card 
  • Dual-interface Smart Cards 
Smart Cards Market, by Components
  • Memory Cards 
  • Microcontroller Cards 
Smart Cards Market, by Applications
  • High-End Applications
    • Government Sector
    • Healthcare Sector
    • Transportation Sector
    • Telecommunications Sector
    • Pay TV Sector
    • Financial Services, Retail and Loyalty Sector
  • Low-End Applications 
Smart Cards Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Africa, Middle East and Latin America)

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation: Global Smart Cards Market
1.3 Research Methodology
      1.3.1 Sources
              1.3.1.1 Secondary Research
              1.3.1.2 Primary Research

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Smart Cards Market, 2013 & 2020
2.2 Global Smart Cards Market Revenue, 2012 – 2020 (USD Million) and Y-o-Y Growth (%)
      2.2.1 Global Smart Cards Market, by Type, 2013 (USD Million)
      2.2.2 Global Smart Cards Market, by Components, 2013 (USD Million)
      2.2.3 Global Smart Cards Market, by Application, 2013 (USD Million)
      2.2.4 Global Smart Cards Market, by Geography, 2013 (USD Million)

Chapter 3 Global Smart Cards Market Overview
3.1 Introduction and Market Definition
3.2 Impact Analysis
      3.2.1 Impact Analysis of NFC Technology
              3.2.1.1 Global NFC Enabled Smart Phone Shipment Market Volume and Forecast, 2014 – 2018 (Million Units)
      3.2.2 Impact Analysis of M2M Communication on the Smart Card Market
              3.2.2.1 Global utilities market (Electricity, Water & Gas) M2M, Volume and Forecast, 2011 – 2016 (Million Units)
      3.2.3 Impact Analysis of Direct Antenna Attach Technology on Smart Cards Market
              3.2.3.1 Global Smart Cards Y-o-Y Revenue Growth (USD Million) and Global Contactless Card Revenue Contribution (%).
3.3 Market Trends and Future Outlook
3.4 Technology Overview
      3.4.1 Comparative Analysis of Smart Card Technologies
      3.4.2 Comparative Analysis of Smart Card Components
3.5 Market Dynamics
      3.5.1 Drivers
              3.5.1.1 Demand for secured and reliable payment transactions across the retail and BFSI industry drives smart card technology innovations
                        3.5.1.1.1 Global Mobile Payments Transaction, Revenue and Forecast, 2010 – 2017 (USD Billion)
              3.5.1.2 Cost savings scheme for merchants from payments brands such as Visa, MasterCard and Europay
              3.5.1.3 Decreasing prices of Subscriber Identification Module (SIM) cards and tariff rates are increasing the number of mobile subscribers
                        3.5.1.3.1 Mobile Subscribers Worldwide: 2011 – 2014
                        3.5.1.3.2 Mobile Subscribers Worldwide, by developed and developing nations : 2014
                        3.5.1.3.3 Mobile Subscribers Worldwide, by regions : 2014
      3.5.2 Restraints
              3.5.2.1 Initial high cost to migrate to smartcard compatible readers affects the adoption of smartcards
      3.5.3 Opportunities
              3.5.3.1 Switching business (for smart card vendors) from being an only physical smart card provider to end to end provider by offering complete solutions including software and services related to smart cards.
              3.5.3.2 Introduction of high-end SIMs in terms of NFC capability and LTE providers
3.6 Value Chain Analysis: Global Smart Cards Market
      3.6.1 Raw Material Suppliers
      3.6.2 Smart IC Manufacturers
      3.6.3 Solution Providers
      3.6.4 OEMs
      3.6.5 End-users
3.7 Porter’s Five Forces Analysis: Global Smart Cards Market
      3.7.1 Bargaining Power of Suppliers
      3.7.2 Bargaining Power of Buyers
      3.7.3 Threat of New Entrants
      3.7.4 Threat of Substitutes
      3.7.5 Degree of Competition
3.8 Market Attractiveness Analysis: Smart Cards Market, by Geography
3.9 Competitive Landscape
      3.9.1 Summary
      3.9.2 Market Share Analysis, by Key Players, 2013 (Value %)
      3.9.3 Challenges
              3.9.3.1 Price pressures and increasing commoditization

Chapter 4 Global Smart Cards Market Revenue, by Type
4.1 Overview
      4.1.1 Global Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
      4.1.2 Comparative Analysis: Global Smart Cards Market Revenue, by Type, 2013 and 2020 (Revenue %)
4.2 Contact Smart Cards
      4.2.1 Global Contact Smart Cards Market Revenue, 2012 – 2020 (USD Million)
4.3 Contactless Smart Cards
      4.3.1 Global Contactless Smart Cards Market Revenue, 2012 – 2020 (USD Million)
4.4 Dual-interface Smart Cards
      4.4.1 Global Dual-interface Smart Cards Market Revenue, 2012 – 2020 (USD Million)
4.5 Hybrid Smart Cards
      4.5.1 Global Hybrid Smart Cards Market Revenue, 2012 – 2020 (USD Million)

Chapter 5 Global Smart Cards Market Revenue, by Components
5.1 Overview
      5.1.1 Global Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
      5.1.2 Comparative Analysis: Global Smart Cards Market Revenue, by Components, 2013 and 2020 (Revenue %)
5.2 Microcontroller Based Smart Cards
      5.2.1 Global Microcontroller Based Smart Cards Market Revenue, 2012 – 2020 (USD Million)
5.3 Memory (Chip) Based Smart Cards
      5.3.1 Global Memory Cards (Chip) based Smart Cards Market Revenue, 2012 – 2020 (USD Million)

Chapter 6 Global Smart Cards Market Revenue, by Applications
6.1 Overview
      6.1.1 Global Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
6.2 High-end Applications
      6.2.1 Global Smart Cards Market Revenue, by High-end Applications, 2012 – 2020 (USD Million)
      6.2.2 Comparative Analysis: Global Smart Cards Market Revenue, by High-end Applications, 2013 and 2020 (Revenue %)
      6.2.3 Government Sector
              6.2.3.1 Global Smart Cards Market Revenue for Government Sector, 2012 – 2020 (USD Million)
      6.2.4 Healthcare Sector
              6.2.4.1 Global Smart Cards Market Revenue for Healthcare Sector, 2012 – 2020 (USD Million)
      6.2.5 Transportation Sector
              6.2.5.1 Global Smart Cards Market Revenue for Transportation Sector, 2012 – 2020 (USD Million)
      6.2.6 Telecommunications Sector
              6.2.6.1 Global Smart Cards Market Revenue for Telecommunications Sector, 2012 – 2020 (USD Million)
      6.2.7 Financial Services, Retail and Loyalty Sector/Service
              6.2.7.1 Global Smart Cards Market Revenue for Financial Services, Retail and Loyalty Sector, 2012 – 2020 (USD Million)
      6.2.8 Pay TV Sector
              6.2.8.1 Global Smart Cards Market Revenue for Pay TV Sector, 2012 – 2020 (USD Million)
6.3 Low-end Applications
      6.3.1.1 Global Smart Cards Market Revenue, by Low-end Applications 2012 – 2020 (USD Million)

Chapter 7 Global Smart Cards Market Revenue, by Geography
7.1 Overview
      7.1.1 Global Smart Cards Market Revenue, by Geographies, 2012 – 2020 (USD Million)
      7.1.2 Comparative Analysis: Global Smart Cards Market Revenue, by Geographies, 2013 and 2020 (Revenue %)
7.2 North America
      7.2.1 North America Smart Cards Market Revenue, 2012 – 2020 (USD Million)
      7.2.2 North America Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
      7.2.3 North America Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
      7.2.4 North America Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
7.3 Europe
      7.3.1 Europe Smart Cards Market Revenue, 2012 – 2020 (USD Million)
      7.3.2 Europe Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
      7.3.3 Europe Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
      7.3.4 Europe Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
7.4 Asia Pacific
      7.4.1 Asia Pacific Smart Cards Market Revenue, 2012 – 2020 (USD Million)
      7.4.2 Asia Pacific Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
      7.4.3 Asia Pacific Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
      7.4.4 Asia Pacific Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
7.5 Rest of the World (RoW)
      7.5.1 Rest of the World Smart Cards Market Revenue, 2012 – 2020 (USD Million)
      7.5.2 Rest of the World Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
      7.5.3 Rest of the World Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
      7.5.4 Rest of the World Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)

Chapter 8 Company Profiles
8.1 Ingenico Group
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Business Strategies
      8.1.4 Recent Developments
8.2 American Express Company.
      8.2.1 Company Overview
      8.2.2 Financial Overview
      8.2.3 Business Strategies
      8.2.4 Recent Developments
8.3 Atos SE (Societas Europaea)
      8.3.1 Company Overview
      8.3.2 Financial Overview
      8.3.3 Business Strategies
      8.3.4 Recent Developments
8.4 NXP Semiconductors N.V.
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Business Strategies
      8.4.4 Recent Developments
8.5 Infineon Technologies AG
      8.5.1 Company Overview
      8.5.2 Financial Overview
              8.5.2.1 Infineon Technologies AG’s Chip Card & Security Segment Revenue, by Geography, 2013
      8.5.3 Business Strategies
      8.5.4 Recent Developments
8.6 Gemalto NV
      8.6.1 Company Overview
      8.6.2 Financial Overview
      8.6.3 Business Strategies
      8.6.4 Recent Developments
8.7 INSIDE Secure
      8.7.1 Company Overview
      8.7.2 Financial Overview
      8.7.3 Business Strategies
      8.7.4 Recent Developments
8.8 Giesecke & Devrient (G&D) GmbH
      8.8.1 Company Overview
      8.8.2 Financial Overview
      8.8.3 Business Strategies
      8.8.4 Recent Developments
8.9 Texas Instruments, Inc.
      8.9.1 Company Overview
      8.9.2 Financial Overview
      8.9.3 Business Strategies
      8.9.4 Recent Developments

List of Figures

FIG. 1 Market Segmentation: Global Smart Cards Market
FIG. 2 Global Smart Cards Market Revenue, 2012 – 2020 (USD Million) and Y-o-Y Growth (%)
FIG. 3 Global Smart Cards Market, by Type, 2013 (USD Million)
FIG. 4 Global Smart Cards Market, by Components, 2013 (USD Million)
FIG. 5 Global Smart Cards Market Adoption, by Application, 2013 (USD Million)
FIG. 6 Global Smart Cards Market, by Geography, 2013 (USD Million)
FIG. 7 Global NFC Enabled Smart Phone Shipment Market Volume and Forecast, 2014 – 2018 (Million Units)
FIG. 8 Global Mobile Payments Transaction Market and Forecast, by Technology, 2009 – 2016 (USD Million)
FIG. 9 Global utilities market (Electricity, Water & Gas) M2M, Volume and Forecast, 2011 – 2016 (Million Units)
FIG. 10 Global Smart Cards Y-o-Y Revenue Growth (USD Million) and Global Contactless Card Revenue Contribution (%).
FIG. 11 Global Mobile Payments Transaction, Revenue and Forecast, 2010 – 2017 (USD Billion)
FIG. 12 Value Chain: Global Smart Cards Market
FIG. 13 Porter’s Five Forces Analysis: Global Smart Cards Market
FIG. 14 Market Attractiveness Analysis: Global Smart Cards Market, by Card Type
FIG. 15 Market Share Analysis, by Key Players, 2013 (Value %)
FIG. 16 Comparative Analysis: Global Smart Cards Market Revenue, by Type, 2013 and 2020 (Revenue %)
FIG. 17 Global Contact Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 18 Global Contactless Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 19 Global Dual-interface Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 20 Global Hybrid Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 21 Comparative Analysis: Global Smart Cards Market Revenue, by Components, 2013 and 2020 (Revenue %)
FIG. 22 Global Microcontroller Based Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 23 Global Memory Cards (Chip) based Smart Card Market Revenue, 2012 – 2020 (USD Million)
FIG. 24 Comparative Analysis: Global Smart Cards Market Revenue, by High-end Applications, 2013 and 2020 (Revenue %)
FIG. 25 Global Smart Cards Market Revenue for Government Sector, 2012 – 2020 (USD Million)
FIG. 26 Global Smart Cards Market Revenue for Healthcare Sector, 2012 – 2020 (USD Million)
FIG. 27 Global Smart Cards Market Revenue for Transportation Sector, 2012 – 2020 (USD Million)
FIG. 28 Global Smart Cards Market Revenue for Telecommunications Sector, 2012 – 2020 (USD Million)
FIG. 29 Global Smart Cards Market Revenue for Financial Services, Retail and Loyalty Sector, 2012 – 2020 (USD Million)
FIG. 30 Global Smart Cards Market Revenue for Pay TV Sector, 2012 – 2020 (USD Million)
FIG. 31 Global Smart Cards Market Revenue, by Low-end Applications, 2012 – 2020 (USD Million)
FIG. 32 Comparative Analysis: Global Smart Cards Market Revenue, by Geographies, 2013 and 2020 (Revenue %)
FIG. 33 North America Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 34 Europe Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 35 Asia Pacific Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 36 Rest of the World Smart Cards Market Revenue, 2012 – 2020 (USD Million)
FIG. 37 Ingenico Group: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 38 American Express Company: Revenues (Net of Interest Expense), 2011 – 2013 (USD Billion)
FIG. 39 Atos SE: Annual Revenues, 2011 – 2013 (USD Billion)
FIG. 40 NXP Semiconductors N.V. Annual Revenue, 2011 – 2013 (USD Billion)
FIG. 41 Infineon Technologies AG: Annual Revenues, 2011 – 2013 (USD Billion)
FIG. 42 Infineon Technologies AG’s Chip Card & Security Segment Revenue, by Geography, 2013
FIG. 43 Gemalto NV: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 44 INSIDE Secure: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 45 Giesecke & Devrient (G&D) GmbH: Annual Revenue, 2011 – 2013 (USD Billion)
FIG. 46 Texas Instruments, Inc.: Annual Revenue, 2011 – 2013 (USD Billion)

List of Tables

TABLE 1 Market Snapshot: Global Smart Cards Market, 2013 & 2020
TABLE 2 Current Market Trends and Future Outlook
TABLE 3 Comparative Analysis of Smart Card Technologies
TABLE 4 Comparative Analysis of Smart Card Components
TABLE 5 Mobile Subscribers Worldwide: 2011 – 2014
TABLE 6 Mobile Subscribers Worldwide, by Geography: May 2014
TABLE 7 Mobile Subscribers Worldwide, by Geography: May 2014
TABLE 8 Global Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
TABLE 9 Global Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
TABLE 10 Global Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
TABLE 11 Global Smart Cards Market Revenue, by High-end Applications, 2012 – 2020 (USD Million)
TABLE 12 Global Smart Cards Market Revenue, by Geographies, 2012 – 2020 (USD Million)
TABLE 13 North America Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
TABLE 14 North America Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
TABLE 15 North America Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
TABLE 16 Europe Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
TABLE 17 Europe Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
TABLE 18 Europe Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
TABLE 19 Asia Pacific Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
TABLE 20 Asia Pacific Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
TABLE 21 Asia Pacific Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
TABLE 22 Rest of the World Smart Cards Market Revenue, by Type, 2012 – 2020 (USD Million)
TABLE 23 Rest of the World Smart Cards Market Revenue, by Components, 2012 – 2020 (USD Million)
TABLE 24 Rest of the World Smart Cards Market Revenue, by Applications, 2012 – 2020 (USD Million)
TABLE 25 Gemalto NV Market Revenue, by business segments, 2013 (USD million)

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A smart card is basically a chip card that integrates an embedded chip. The embedded chip can be a memory chip or microcontroller/microprocessor. The smart card based on memory card are used to store memory and are least secured among all types of smart cards. The smart card based on microcontroller is used for storing credential information which is processed within the card's chip. The added functionality such as security, convenience, speed and ease of use offered by smart cards are driving its adoption worldwide. Smart cards are classified based on type as contact based smart cards, contactless smart cards, dual interface smart cards and hybrid smart cards. Contact smart cards are powered by the reader and are generally used in low-end SIM cards in the telecommunication industry. Contactless smart cards are self-powered device and offer enhanced security over contact smart cards. Dual interface smart cards are combination of contact and contactless smart cards. With high expected reliability, dual interface smart cards have witnessed wide adoption in banking and government applications such as credit/debit and government IDs. Hybrid cards contain more than one chip (smart) card inside it having no interface with each other and are basically multifunction cards used for several applications. Increasing security threats and growth in the fraudulent activities is propelling the adoption of smart cards globally. Industries that were traditionally served by various machine readable card technologies, such as magnetic stripe and barcode have commenced adoption of smart cards to cater to their requirements.

Decreasing cost of SIM cards and decline in the tariff rates is one of the key factors fueling the growth of smart cards market. Growth traction in online payments has enhanced vulnerability to security risks for banking and finance industry. This has surged the demand for secured and reliable payment transactions across the retail and BFSI industry, which in turn is driving the smart card technology innovations. Europay, MasterCard and Visa (EMV) chip technologies are becoming the global standards for debit card and credit card payments. EMV cards combat fraud activities and guard insightful payment data stored in the cards. Contactless smart cards and dual interface smart cards help to enhance security, reduce frauds, and allow future value-added applications to the end-user industries including banking, telecommunication, and government. However, initial high cost to migrate to smartcard compatible readers is affecting the adoption of smartcards in many countries. Contactless smart cards accounted for 16.5% of the total market revenue in 2013. 

The smart cards market is segmented into high-end and low-end applications. High-end applications include the government, health care, transportation, telecommunications, financial services, retail and loyalty and pay TV sectors. The high-end applications dominated the market by accounting for a major chunk of total market revenue in 2013. The growth in the adoption of Europay, MasterCard and Visa (EMV) smart cards is fueling the market growth. The rising application of electronic national identity (e-ID) in various countries globally is also contributing to the growth of the market. The low-end applications of smart cards, such as deployment into smart meters and other electronic devices is anticipated to witness promising growth with rising trend of automation and worldwide deployment of internet services.

In 2013, Asia Pacific held the largest market share and accounted for 47.2% revenue share of the total smart cards market in 2013. The growth of this market was mainly attributed to the increase in adoption of Cellular SIM in the telecommunication industry. Proliferation in the adoption of EMV cards in banking and financial industry and growth in the adoption of eIDs for government and transportation application is also sustaining the smart cards market growth in Asia Pacific. The Rest of the World market is anticipated to witness promising growth over the forecast period. The growth would be primarily driven by Latin America and the Middle Eastern countries. The growth rate across these geographies is attributed to several government initiatives for issuing personal identification cards and growth traction in the adoption of SIM in telecommunication industry.
smart-cards-market


The global smart cards market is highly concentrated with players such as Gemalto NV, Giesecke & Devrient (G&D) GmbH, and Oberthur Technologies dominating the market. Other companies in the ecosystem of this market include Ingenico Corp. (Delaware), American Express Co., Atos SE (Societas Europaea), NXP Semiconductors, Infineon Technologies Ag, INSIDE Secure and Texas Instruments, Inc.
 

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