Rising Demand for Contactless Smart Cards which are Highly Secure and Ensure Faster Transaction Processing is Propelling the Growth of Global Smart Cards Market. In terms of revenue, the global smart cards market was valued at US$ 11150 Mn in 2020 growing at a CAGR of 8.9% over the forecast period (2021 – 2030).

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The COVID-19 pandemic has drastically changed the lives of individuals across the globe. Businesses were forced to implement new methods of transactions, especially contactless cards, to cope up with the pandemic. Contact-based card swiping was largely discouraged due to the higher chances of the virus being spread through contact via cards. Disinfection of these cards was a difficult process, and contactless cards saw a rise in adoption during the pandemic. Studies show that the pandemic has accelerated the implementation of smart cards, as they are considered more hygienic compared to their counterparts. The growth of Wi-Fi technology is allowing companies to implement contactless transactions up to a certain amount. Therefore, the pandemic is expected to have a positive impact on the global smart cards market in the coming years.

Some of key players operating in the global smart cards market are ABCorp, ALIOTH, CardLogix Corporation, CPI Card Group Inc., Eastcompeace, Giesecke + Devrient GmBH, HID Global Corporation, IDEMIA , Infineon Technologies AG, Intelcav Tecnologia, Inteligensa, Secura Key, a Division of Soundcraft, Inc., Thales and Watchdata, amongst others.

Global Smart Cards Market

By Offering

  • Hardware
  • Software
  • Services
    • Consulting and Training
    • Implementation and Maintenance
    • Design and Development
    • Others

By Interface Type

  • Contactless
  • Contact Based
  • Dual Interface

By Organization Size

  • Small and Medium Enterprises
  • Large Enterprises

By Industry Vertical

  • Banking, Financial Services and Insurance
  • IT and Telecommunication
  • Travel and Hospitality
  • Transportation and Logistics
  • Retail and Consumer Goods
  • Others

By Type

  • Magnetic Strip Cards
  • Optical Cards
  • Memory Cards
  • Microprocessor Cards

By Application

  • Banking/Payment
  • Loyalty and Promotions
  • Access Control and Identification
  • Ticketing
  • Parking and Toll Collection
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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