Contactless Smart Card Market Update – Stimulus, Recovery Hopes May Boost Future – BIZNEWS

Contactless smart cards are pocket-sized cards that contain integrated circuits and can be used for individual identification and authentication by organizations across various sectors. The prospects for growth in this market will be driven by factors like the high convenience of contactless smart cards and the augmented utilization of contactless smart cards by governments to address their rising need for security. The rising need for a tamper-resistant system will be the key driver for the growth of this market. Contactless smart cards with magnetic strips have the capability to store financial information about end-users. However, these cards can easily be tampered with, which will result in the loss of personal information or data. Since contactless smart cards with PIN codes are difficult to tamper with, they are increasingly being adopted to bolster the safety of the cardholder accounts.

AMA Research added a comprehensive research document of 200+ pages on ‘Contactless Smart Card’market  with detailed insights on growth factors and strategies. The study segments key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume* and value related cross segmented information by each country. Some of the important players from a wide list of coverage used under bottom-up approach are Gemalto (Netherlands),Infineon Technologies AG (Germany),Paragon Group Limited (United Kingdom),Morpho (IDEMIA) (France),Oberthur (France),Giesecke & Devrient (Germany),CardLogix Corporation (United States),Advanced Card Systems (ACS) (Hong Kong),Watchdata Technologies (Singapore),SpringCard (United States)

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Market Segmentation & Scope

Study by  Application (Transportation, Contactless Bank Cards, Corporate Identification, Other), Industry Verticals (BASF, Healthcare, Travel and Tourism, Education Industry, Others), Technology (RFID (Radio-frequency Identification), NFC, MIFARE, Memory Card), Distribution Channels (Online, Offline), Material (PVC, PET or ABS)

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Market Influencing Trends:

The growing use of Contactless Smart Card in Transportation and Eateries

Adoption of Advanced Features and Benefits

Growth Drivers

Rising Need For Safety and Security while Digital Transaction or Identification

Increasing Demand for Cashless Secured Payments

Challenges that Market May Face:

Regulatory Standards and Norms Regarding Smart Card Technology

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Country level Break-up includes:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Spain, Italy, Netherlands, Switzerland, Nordic, Others)

Asia-Pacific (Japan, China, Australia, India, Taiwan, South Korea, Middle East & Africa, Others)

Strategic Points Covered in Table of Content of Contactless Smart Card Market:

Chapter One: Global Contactless Smart Card Market Industry Overview

1.1 Contactless Smart Card Industry

1.1.1 Overview

1.1.2 Products of Major Companies

1.2 Contactless Smart Card Market Segment

1.2.1 Industry Chain

1.2.2 Consumer Distribution

1.3 Price & Cost Overview

Chapter Two: Global Contactless Smart Card Market Demand

2.1 Segment Overview



2.1.3 Other

2.2 Global Contactless Smart Card Market Size by Demand

2.3 Global Contactless Smart Card Market Forecast by Demand

Chapter Three: Global Contactless Smart Card Market by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 Contactless Smart Card Market Size by Type

3.3 Contactless Smart Card Market Forecast by Type

Chapter Four: Major Region of Contactless Smart Card Market

4.1 Global Contactless Smart Card Sales

4.2 Global Contactless Smart CardRevenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion

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