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Global Contactless Smart Card Market Threats, Analysis, Key Players, Growth, and Forecast 2026July 2017

Overview

Smart cards are pocket-sized cards made of plastic, which can be embedded with microchip or integrated circuitsand then process and store data. Smart cards are used for individual authentication and identification, payments,as a transit ticket, and for authorized access within secured premises. Types of smart cards are contact-basedsmart cards and contactless smart cards. Contactless smart cards function on radio frequency technology forcommunication between smart cards and smart card reader, while contact-based smart cards need to come incontact with the card reader to function.

Primary factors driving growth of the global contactless smart card market are increasing incidence of forgery andduplication of identity owing to technological advancements in the recent past. In addition, these cards are PINprotected and difficult to decode due to which, they can be used for contactless payments. Increasing adoption insectors such as BSFI, retail, transportation, hospitality, and government is further boosting demand for contactlesssmart cards. In addition, governments in several developed countries are making this technology mandatory forpassport and drivers licenses. Moreover, use of contactless smart cards for transit application to provideconvenient payment option is expected to further fuel growth of the global contactless smart card market.

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Increasing forgery and identity duplication incidence driving growth of global contactless smart card market, with APAC gaining traction in future.

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Contactless Smart Card Market Overview

Factors restraining growth of the global contactless smart card market are that they can still be tampered with orstolen, and these lack user mobility (i.e. they can be used only if a smart card reader is available). Privacy concernsrelated to financial credentials on metal strip and failure rate of contactless smart card is high as they are made ofplastic and micro-chips, which is major challenge in the global contactless smart card market currently.

The global contactless smart card market is segmented on the basis of type, application, and region.

Asia Pacific dominates the market in terms of revenue generation and is expected to further witness significantgrowth during the forecast period. Demand for contactless smart cards is relatively high in the market in AsiaPacific because of increasing fraud and identity duplication cases in countries in the region. Revenue from themarket in Asia Pacific is expected to expand at a CAGR of XX% during the forecast period. Europe is expected to bethe second largest market for contactless smart card over the forecast period.

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Details:

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Proximity Cards

CPU/MPU cards

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By Type

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

By Region

Proximity Cards

CPU/MPU cards

By Application

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Contactless Smart Card Market Report Includes Regional Growth Rate (CAGR %)

Sample Text Sample Text Sample Text Sample Text Sample Text

North America Contactless Smart Card Market Growth: North America Contactless Smart Card

market was valued at US$ XX billion in 2017.

Europe Contactless Smart Card Market Growth: Europe Contactless Smart Card market expected to grow at CAGR of XX% during forecast 2026.

Asia-Pacific Contactless Smart Card Market Growth: Asia Pacific Contactless Smart Card market is expected to reach US$ XX billion over the forecast 2026.

Middle East Contactless Smart Card Market Growth: The Middle East & Africa Contactless Smart

Card market expected to cross US$ XX billion during the forecast period 2017 to 2026.

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

XX.XX% XX%

XX.XX% XX%

XX.XX% XX%

XX.XX% XX%

XX%XX.XX%

Latin America

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Key Players Profiled Contactless Smart Card Market Include:

ASK

Gemalto

Giesecke & Devrient

Morpho

Oberthur Technologies

Watchdata System

Advanced Card Systems

CardLogix

DataCard

Infineon Technologies

NXP Semiconductors

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Key Companies Mentioned are:

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Research Methodology

# includes sources of databases

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Market Participants

Key Strengths

Product Portfolio

Mapping as per Value Chain

Key Focus Segments

Key Industry Experts

Channel Study

Developments

Market Changing aspects/ Dynamics

Products

Conclusion

Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Primary Research# Secondary Research# Paid Publications#

Linkedin Zoominfo Salesforce OneSource

Company Websites Company Annual

Reports White Papers Financial Reports

Factiva GBI Genios Meltwater

A B

C

Primary Research

Desk Research

Company Analysis

SOLUTION

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