Smart cards prevent the risk of fraudulent activities such as data theft and cloning due to their enhanced security features. They also contribute toward cost saving for payment merchants, thereby encouraging the adoption of these cards for digital services and reduced overhead costs for service providers.
The demand for smart cards is mainly attributed to their cost effectiveness that allows the product to be used in applications such as ticketing, digital banking services, and communication. Its tamper-proof storage and user identity data storage capabilities are superior to other conventional machine readable cards.
Smart cards are used in several applications including the retail, healthcare, government, and hospitality sectors, promoting the market demand over the forecast period by providing effective data storage, efficient payment transactions, and faster processing time.
The increasing use of smart cards in the telecommunication and BFSI segments is expected to drive the market over the next nine years. Their implementation in retail applications enables secure transactions and provides new opportunities to the market.
Smart cards are extensively used to enable secure payment transactions and to promote cashless payments, thereby, enabling cost savings for payment merchants and offering convenience to the consumers. The use of mobile phones and IoT devices has further promoted the use of SIM & data chips thereby driving the demand for the product. These devices are increasingly used in retail applications to enable faster transactions and reduce the checkout time. These advantages are enabling growth of the industry at a significant rate, over the next nine years.
For more info. on the smart cards industry visit: www.grandviewresearch.com/industry-analysis/smart-card-industry
Market SnapshotThe application area of integrated circuit technology has advanced from electronic devices to compact cards that can accumulate and retrieve important information using computer systems.
Currently, the global Smart Cards Market is anticipated to expand at a significant growth rate in the forthcoming years.
Increasing adoption of smart cards in government IDs (e-passports) and also to manage and maintain the credentials of the users as well as extensive use of smart cards in subscriber identification module (SIM) cards in the telecommunication sector are some other factors that are propelling the growth of the global smart cards market.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/6499Report MethodologyMRFR leverages its vast industry expertise for the deliverance of qualitative and quantitative analysis of current market trends, opportunities and challenges in the market.
The collection of primary data is carried out by conducting surveys and first-hand interviews with key opinion makers across the value chain.
The collaborative top-down and bottom-up approaches combined with strong data triangulation method are utilized for multi-layered verification of collected data which assists business organizations in making impactful business decisions.Segmental AnalysisFor the scope of research, MRFR’s report offers a comprehensive segmental analysis of the global smart cards marketBy TypeContactContactlessHybridDual interfaceBy ComponentHardwareSmart CardsReadersSoftwareServicesBy ApplicationGovernmentHealthcareBFSIRetailTransportationEducationEntertainmentEnterprisesBy RegionNorth AmericaEuropeAsia Pacific (APAC)Rest of the World (RoW)Key Players:The global smart cards market is marked by the presence of various players including BrilliantTS Co. Ltd. (South Korea), PAX Global Technology Ltd. (Hong Kong), Rambus Inc. (the U.S.), STMicroelectronics NV (Switzerland), IDEMIA France SAS (France), VALID (Brazil), KONA I Co., Ltd. (South Korea), Fingerprint Cards AB (Sweden), HID Global Corporation (Sweden), Identiv, Inc. (the U.S.), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), Bitel Co. Ltd. (South Korea), VeriFone Systems, Inc. (the U.S.), NXP Semiconductors N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), Sony Corporation (Japan), ZWIPE (Norway), CardLogix Corporation (the U.S.), Samsung Electronics Co., Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Versasec AB (Sweden), CPI Card Group Inc. (the U.S.), Infineon Technologies AG (Germany), and Gemalto N.V. (Netherlands).Get Complete Report @ https://www.marketresearchfuture.com/reports/smart-cards-market-6499Report OverviewThis MRFR report delivers an unbiased analysis of key market trends in the global smart cards market.
It includes a detailed discussion on current market status, historical trends, challenges and growth opportunities backed by fact-based feedbacks.
The global interactive projectors market is anticipated to reach USD 4.56 billion by 2025, according to a new report by Grand View Research, Inc. An interactive projector is an institutional tool that makes any surface interactive.
It offers efficient user interaction, real-time learning, multi-touch collaboration, and PC-free interactivity and enables easy integration of materials.Embedded and energy efficient projection technology offers smart devices that use gesture interface and simple touch to interact with users.
The increasing adoption of e-learning in the education and corporate sector is expected to drive the demand for the interactive projector market.
With the advent of faster telecommunication technologies and networking, the e-learning market is anticipated to witness a significant growth over the projected period.
The developing countries like Malaysia, Vietnam, and Thailand transformed the interactive projector market into a bustling industry with vast revenue opportunities for e-learning.The Bring Your Own Device (BYOD) market is driven by factors such as reduced hardware cost and increased proliferation of smartphones.
Employees prefer using a single device for both professional and personal work to avoid theft and difficulty involved in carrying two separate devices; influencing the interactive projector demand.
