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Smart Cards Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2023LONDON, June 7, 2016 /PRNewswire/ -- Smart cards are IC-based cards that accumulate and retrieve information using various computer systems. Smart cards consist of central processing units and memory units. Smart cards primarily act as a cost-effective way to store, manage, and maintain credentials for their users. This makes these products highly convenient for different applications. In addition, the portability of smart cards enables their extensive adoption across different applications. Currently, smart cards are widely used across sectors such as telecommunications, BFSI, and government. Due to the numerous advantages they offer, smart cards are increasingly used in the healthcare, government IDs (e-passports), and retail sectors. Thus, strong ongoing adoption of smart cards across different sectors is estimated to substantially spur the market's growth in the coming years. This report studies the current scenario as well as the future market potential for smart cards globally. The market for smart cards has been segmented based on three major parameters: card type, components, and geography. The major types of smart cards used are contact smart cards, contactless smart cards, hybrid smart cards, and dual-interface smart cards. On the basis of components, the smart cards market is segmented into microcontroller-based smart cards and memory-based smart cards. The demand for microcontroller-based smart cards is significantly high owing to the wide adoption of such cards for contactless and dual-interface smart cards. The market size and forecast, in terms of revenue and volume (US$ Mn & Mn units), for each of these segments has been provided for the period from 2013 to 2023, considering 2013 and 2014 as the base years. For 2015, report provides actual data for the first half and estimate for the second half. Also, the report provides market size and forecast in terms of volume (Mn Units) for various segments for the above mentioned period. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2016 to 2023. Geographically, the market for global smart cards has been segmented into four regions: North America, Europe, Asia Pacific, and Rest of the World. The report also provides a competitive landscape, wherein the market share analysis of leading players in the global smart cards market for the year 2014, in terms of value percentage, has been discussed. The report concludes with the company profiles section, which provides an overview of the major companies operating in the market including strategies deployed by them to gain competitive advantage, annual revenue generated by them in the past two years, and key developments in the market. The companies profiled in this report include the American Express Company, Atos SE, NXP Semiconductors NV, Infineon Technologies AG, Gemalto NV, INSIDE Secure, Giesecke & Devrient (G&D) GmbH, and Texas Instruments, Inc. The global smart cards market is categorized into the following segments: Smart Cards Market, by Type Contact Smart Cards Contactless Smart Cards Hybrid Smart Cards Dual-interface Smart Cards Smart Cards Market, by Component Microcontroller Memory Card Smart Cards Market, by Geography North America Europe Asia Pacific Middle East & Africa (MEA) Latin America Download the full report: https://www.reportbuyer.com/product/3661965/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/smart-cards-market---global-industry-analysis-size-share-growth-trends-and-forecast-2016---2023-300281334.html SOURCE ReportBuyer |