Smart Card Market size worth $ 30.71 Billion, Globally, by 2030 at 7.69% CAGR

Verified Market Research - Seite 2

Increasing investment in smart card technology is one of the key factors which is offering the key opportunities for the vendors in the market. The government and transportation authorities across the globe are focusing on safe and sustainable public transportation infrastructure. These efforts also include investment in smart card technology for public transport users across the globe. For instance, in April 2021, The City and County of Honolulu's Department of Transportation Services (DTS) replaced their old paper passes with new HOLO smart cards for The Bus passengers. The smart card helps to eliminate the queue system while collecting tickets in the transportation sector.

Key Developments

• In January 2020, Thales has entered into a partnership with Confidex. The aim of this partnership is to develop smart media for calypso-based systems. A new type of microprocessor-based smart media will be used in Confidex and Gemalto's software solutions.
• In February 2019, Verimatrix a software company specialized in content security for digital television services has been acquired by Inside Secure for the amount of USD 145 million. The acquisition will provide end-to-end security solutions for the internet of things (IoT) and connected cars market.
• In June 2020, The Macao government in partnership with G+D Mobile Security has launched a contactless prepaid payment card. The aim of launching this card is to provide financial assistance and alleviate the covid-19 impact on its citizens.

Key Players

The major players in the market are Inside Secure SA, Atos SE, CPI Card Group, Inc., American Express Company, Gemalto NV, Giesecke & Devrient (G&D) GmbH, NXP Semiconductors N.V., Infineon Technologies AG, ABCorp, Texas Instruments, Inc.

Verified Market Research has segmented the Global Smart Card Market On the basis of Component, Communication, Application, and Geography.

• Smart Card Market, By Component
• Microcontroller
• Memory Cards
• Smart Card Market, By Communication
• Contact
• Contactless
• Smart Card Market, By Application
• Banking, Financial Services, and Insurance (BFSI)
• Government and Healthcare
• Transportation
• Retail
• Others
• Smart Card Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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