23 wonderful Smart Cards Applications

According to the new market research report on the "Smart Card Market by Communication (Contact and Contactless), Component (Hardware, Software, and Services), Application (BFSI, Government and Healthcare, Transportation, Retail, and Others) and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to reach USD 21.57 billion by 2023 from USD 14.22 billion in 2018, at a CAGR of 8.7% between 2018 and 2023.

Use of smart cards in the BFSI sector has also been rising, supported by the transition of magnetic cards to EuroPay, MasterCard, and Visa (EMV) standard (chip and PIN) cards.

In line with this, the use of contactless smart cards has gained remarkable consideration as electronic payment methods are rapidly replacing cash and carry operations.

Consulting, support, and maintenance services play a vital role in implementing smart card systems.

The transportation sector is operating in compliance with EMV, which is an open-standard specification for smart card payments.

EMV-based solutions are deployed in parking infrastructure to avoid fraud and complications.

The smart card market has been segmented based on communication, component, application, and geography.

In line with this, the use of contactless smart cards has gained remarkable consideration as electronic payment methods are rapidly replacing cash and carry operations.

However, factors such as initial costs associated with the deployment of contactless EPOS terminals and increasing adoption of mobile wallets are restraining the growth of the market.Ask for PDF:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=285The increasing adoption of biometric-enabled smart cards is expected to be a game changer for the smart card market over the coming years.Companies such as IDEMIA France SAS, Gemalto N.V., Ingenico Group SA, KONA I Co., Ltd. Fingerprint Cards AB, and ZWIPE AS have launched a range of bio-metric-enabled smart cards for various end-use applications.

Further, these companies are also exploring applications of block chain technology to transform the smart card market.A contactless smart card includes an embedded smart card, secure microcontroller or equivalent intelligence, internal memory, and a small antenna; it communicates with a reader through a contactless radio frequency (RF) interface.

Companies such as Gemalto N.V., Giesecke & Devrient GmbH, and IDEMIA France SAS are offering customized solutions using embedding contactless technology to their end users.Further, chip manufacturing players such as Infineon Technologies AG, NXP Semiconductors N.V., and Sony Corp. are offering new contactless enabled chips owing to their increased demand.

The BFSI and transportation sectors are expected to witness a high adoption of contactless smart cards in the coming years.Speak to Analyst:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=285The smart card market in the Rest of the World (RoW) comprises South America, and the Middle East and Africa (MEA).

Report Scope:This report covers the global market for smart card technologies and regional analysis of North America, Latin America, Europe, the Middle East and Africa, and the Asia-Pacific region.

Component segments include major smart card technologies, smart card types, platforms, protocols, standards and applications.From a definition standpoint, this report includes sizing and forecasting for smart card technologies embedded into mobile devices, including subscriber identify modules (SIM), embedded SIM (eSIM), universal integrated circuit cards (UICC) and embedded UICC (eUICC), as well as traditional smart cards, such as national identity, company or government access control and consumer payment, and store or credit cards.

:Ask for Report Brochure of Smart Card Technologies Market @ http://orbisresearch.com/contacts/request-sample/2093873The global Smart Card Technologies Market report has been strategically curated to fulfil the needs of the customer through in-depth analysis of the Smart Card Technologies Market that can assist the customer in gaining actionable insights regarding the Smart Card Technologies Market.Smart Card Technologies Market Report Includes:An overview of the global market for smart card security and technology.Analyses of global market trends, with data from 2016, estimates for 2017, and projections of CAGRs through 2022.Description of the various security technologies for smart cards to ensure the goal of keeping security assurance out of reach.Discussion on the continued expansion of smart card functions for their integration and use in mobility, the Internet of Things, and new payment and data management methods.A look at the opportunities for and obstacles to the capability of smart cards.Review of the use of smart cards as tools for identification and authentication, which in turn will raise new growth opportunities for manufacturers and service providers.Profiles of major players in the industry.Companies Mentioned in the Smart Card Technologies Market report are  American Express Co.Atmel Corp.AtosCitigroup Inc.Cpi Card GroupCubic Corp.Datang MicroelectronicsEastcompeace Smart Card Co. Ltd.E-Data Corp.Gemalto NvGiesecke & DevrientHengbao Co. Ltd.Hypercom Corp.Infineon Technologies AgIngenico CorpInsidesecure Corp.Keycorp Lasercard Corp.Lifestream Technologies IncMastercard Inc.Nxp SemiconductorsOberthur TechnologiesPublicard Inc.Rsa Security Inc.Sagem OrgaShenzhen Chuangtong Intelligence Equipment Co. Ltd.Siemens Corp.Texas Instruments IncVisa InternationalWatchdata TechnologiesWuhan TianyuPurchase a single user copy of Global Smart Card Technologies Market @ http://orbisresearch.com/contacts/enquiry-before-buying/2093873Major points from Table of Contents:Chapter 1: IntroductionStudy Goals and Objectives-Reasons for Doing This StudyScope of ReportInformation SourcesMethodologyRegional BreakdownChapter 2: Summary and HighlightsChapter 3: Market and Technology BackgroundHistory of the Smart CardWhat is a Smart CardSmart Card PartsSIM Card Form FactorsIntegrated Circuit ComponentsMicro-moduleChapter 4: Market Breakdown by Technology TypeContact Card MarketMemory CardsOptical Memory CardsMicroprocessor and Multifunction CardsCryptographic Coprocessor CardsContactless Card MarketProximity and Active CardsVicinity of Passive CardsHybrid and Dual-Interface Card MarketChapter 5: Market Breakdown by End UserConsumersEnterprisesGovernment and NonprofitChapter 6: Market Breakdown by ApplicationSIM CardsPayment and Loyalty CardsS.

Payment CardsSingle European Payment AreaAPAC Payment CardsGovernment CardsS.

National ID CardsNational ID Cards for CanadaEurope National ID CardsAsia-Pacific National ID CardsAccess Control CardsPay TV CardsRetail CardsTransportation CardsTransit Payment Trends in the U.S.European Transportation Smart CardsAsia-Pacific Transportation Smart CardsHealthcare CardsS.

Healthcare Smart CardsCanada Healthcare Smart CardsEuropean Healthcare Smart CardsAsia-Pacific Healthcare Smart CardsOther Card ApplicationsSantander Group Smart CardUniversity of Minnesota, Twin CitiesStudent IDs (Poland)Browse Full Smart Card Technologies Market Report @ http://orbisresearch.com/reports/index/smart-card-technologies-and-global-marketsAbout Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.

Market OverviewThe global smart card market is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report.

The market for smart cards is growing on account of its surging usage in various applications such as mobile phones, payment transactions, online authentication devices, and portable medical records cards.

From student membership cards to driver's license, smart cards are being increasingly used for a broad spectrum of applications for verifying age, identity, and the associated access rights and benefits.The government sector is progressively leveraging smart cards to improve efficiency and transparency.

Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver's license.

Increasing use of smart cards by the financial payments industry is a key factor contributing to the market growth.

Earlier plastic cards were used for transactions, but now smart cards have been made the global standard for credit and debit cards by Europay, Mastercard, Visa since they ensure security.One of the most important use cases of smart cards is in securing entry points to critical infrastructure facilities such as ports, hospitals, and airports.

Smart Card Market 2021-2023New Study Reports " Smart Card Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of Smart Card Market using SWOT analysis i.e.

Strength, Weakness, Opportunities and Threat to the organization.

In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Smart Card industry.The global Smart Card is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report.

Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver's license.

One of the most important use cases of smart cards is in securing entry points to critical infrastructure facilities such as ports, hospitals, and airports.

On the contrary, the high costs associated with incorporation of smart cards and lack of awareness and hesitation on the part of consumers is likely to restrain the growth of the market.