Global Powered Smart Card Market to reach USD 5749.8 million by 2025 | CAGR:60.4%
Global Powered Smart Card Market is valued USD 2062.2 million in 2016 is anticipated to grow USD 5749.8 million with the compounded annual growth of 60.4% over the forecast period 2017-2025.
New York 1 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Powered Smart Card industry is poised to raise USD 5749.8 million by 2025. The driving factor for powered smart card market is the Growing demand for secure and reliable payment transactions, improved security for offices and residential and commercial buildings, and a rising number of mobile phone connection subscribers worldwide these leads would generate a large sum for the demand for the global powered smart card market. To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Powered Smart Card Market Size Estimates and By Type (Contact smart card, Contactless smart card, Hybrid and Dual interface smart card, (By Components, Microprocessor, Memory smart cards) By Application (Telecommunications sector, Government IDs and healthcare sector, Financial services, retail, and loyalty sector, Pay TV sector, Transportation sector) and by Region (North America, Europe, Asia Pacific, Latin America and Rest of the World) 2017-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Safran Identity and Security (Morpho SA), Oberthur Technologies, Gemalto NV, Giesecke & Devrient GmbH, Eastcompeace Technology Co. Ltd., Watchdata Technologies Ltd., Datang Telecom Technology Co. Ltd., Wuhan Tianyu Information Industry Co. Ltd., Infineon Technologies AG, NXP Semiconductors N.V New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region estimated for dominating the Powered Smart Card market during the forecast period.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Latin America Powered Smart Card market is estimated to grow at the highest CAGR during the forecast period.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- By Type
- Contact smart card
- Contactless smart card
- Hybrid and Dual interface smart card
- By Components
- Memory smart cards
- By Application
- Telecommunications sector
- Government IDs and healthcare sector
- Financial services, retail, and loyalty sector
- Pay TV sector
- Transportation sector
- North America
- Asia Pacific
- Latin America
- Rest of the World