Smart card Global Market Key Developments, Outlook, 2016 Analysis & Forecast to 2022

(IT-NEWSWIRE.COM, 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.

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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.,

Components Covered:
- Microcontroller Cards
- Memory Cards

Applications Covered:
- Healthcare
- Transportation
- Telecommunication
- Banking, Financial Services and Insurance (BFSI)
- Retail
- Government ID
- Pay TV
- Other Applications

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Types Covered:
- Contact Smart Card
- Contactless Smart Card
- Hybrid Smart Card
- Dual-interface Smart Card
- Other Types

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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Smart card Global Market Key Developments, Outlook, 2016 Analysis & Forecast to 2022