Smart Cards Market to Reach $15.4 Billion by 2025 - Analysis By Type, Component, Application & Region - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Smart Cards Market, 2014-2025" report to their offering.

The global smart cards market is predicted to reach USD 15.4 billion by 2025.

The increasing demand for the product, across various applications, such as payment transactions, cell phones, ID verification & access controls, is presumed to favor the market growth over the forecast period. Smart cards are used in several applications including the retail, healthcare, government, and hospitality sectors, promoting the market demand over the forecast period by providing effective data storage, efficient payment transactions, and faster processing time.

The increasing use of smart cards in the telecommunication and BFSI segments is expected to drive the market over the next nine years. Their implementation in retail applications enables secure transactions and provides new opportunities to the market.

Smart cards are extensively used to enable secure payment transactions and to promote cashless payments, thereby, enabling cost savings for payment merchants and offering convenience to the consumers. The use of mobile phones and IoT devices has further promoted the use of SIM & data chips thereby driving the demand for the product. These devices are increasingly used in retail applications to enable faster transactions and reduce the checkout time. These advantages are enabling growth of the industry at a significant rate, over the next nine years.

Companies Mentioned

  • American Express Company
  • Atos SE
  • CPI Card Group
  • Gemalto N.V.
  • Giesecke & Devrient (G&D) GmbH
  • Infineon Technologies AG
  • INSIDE Secure SA
  • NXP Semiconductor Inc.
  • Texas Instruments Inc.

Key Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 Smart Cards Industry Outlook

4 Smart Cards Type Outlook

5 Smart Cards Component Outlook

6 Smart Cards Application Outlook

7 Smart Cards Regional Outlook

8 Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/v49fb2/smart_cards

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Smart Cards

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Smart Cards