Contactless Smart Card Market Analysis and Value Forecast Snapshot by End-use Industry 2017-2023

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2023
Contactless Smart Card Market Global Industry
Analysis, Trends, Market Size Forecasts to 2023
Infinium Global Research
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The latest report on Contactless Smart Card
Market by Infinium Global Research gives complete
coverage of the Contactless Smart Card Market by
applications (ID, transit, payment, access
control), region (North America, Europe,
Asia-Pacific) in terms of key trends, market
size, forecast and CAGR growth over the period
of 2017 to 2023. In addition, the study covers
deep dive into key product and applications
trends in the regional markets of Contactless
Smart Card such as North America, Europe,
Asia-Pacific and Latin America over the short run
and long run. Get a Sample Request https//www.in
finiumglobalresearch.com/reports/sample_request/10
89 Market Insights The global contactless smart
card market was sized over USD 20.60 billion in
2015. The global contactless smart card market
is projected to grow with a CAGR of 35.3 during
2017-2023. User- friendly interface, increased
use of electronic purses, need to reduce identity
duplication, and demand for tamper-resistant
systems remains the key factor driving the growth
of global contactless smart card market.
Moreover, lack of awareness, high implementation
costs, complexity of technology and growing
price-based competition are the key factors
restraining the growth of this market. Growing
adoption of smart cards, increased popularity of
e-commerce is likely to bring more opportunities
to this market. Segments Covered The report
segments the contactless smart card market by
applications. Market segmentation based on
application includes government ID, transit,
payment and access control. Among the segment,
the government ID sector will have largest market
share during the forecast period.
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Make an Enquiry https//www.infiniumglobalresearch
.com/reports/enquiry/1089 Geographic Coverage
and Analysis The report provides regional
analysis covering geographies such as North
America, Europe, Asia- Pacific, and Rest of the
World. In this section the key trends and market
size for each geography is provided over the
period of 2015 2023. Asia Pacific was the
largest market among the geographies in terms of
revenue and unit shipments due to early
implementation of contactless smart cards by the
Government sector. Furthermore, Asia Pacific is
expected to witness slow growth during the
forecast period. Following the Asia Pacific
region, Europe were also accounted to have a
strong hold on global Contactless smart card
market. Furthermore, Europe and North America are
expected to have a moderate growth rate over the
forecast period owing to their serial recovery
from the economic slowdown. Moreover, Latin
America (covered in ROW region) is expected to
grow with the highest CAGR over the forecast
period. Brazil is the leading revenue-
contributing country in this geography. Companies
Profiled The companies covered in the report
include DataCard, Advanced Card Systems Ltd,
SpringCard, NXP Semiconductors, Secura Key,
Infineon Technologies, Sony FeliCa, and
CardLogix. Click the Below Full Report
Link https//www.infiniumglobalresearch.com/ict_se
miconductor/global_contactless_smart_card_ market
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Report Highlights The report provides deep
insights on demand forecasts, market trends and
micro and macro indicators. In addition, this
report provides insights on the factors that are
driving and restraining the demand of
contactless smart card globally as well as
regionally. Moreover, IGR-Growth Matrix analysis
given in the report brings an insight on the
investment areas that existing or new market
players can consider. The report provides
insights into the market using analytical tools
such as Porters five forces analysis and value
chain analysis of contactless smart
card. Moreover, the study highlights current
market trends and provides forecast from 2017 to
2023. We also have highlighted future trends in
the contactless smart card market that will
impact the demand during the forecast period.
Moreover, the competitive analysis given in each
regional market brings an insight on the market
strategies of the leading players. This report
will help manufacturers, suppliers and
distributors of the contactless smart card market
to understand the present and future trends in
this market and formulate their strategies
accordingly. Contact Us Website
https//www.infiniumglobalresearch.com E-mail
sales_at_infiniumglobalresearch.com