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Global Banking and Financial Smart Cards Market 2016-2020 - Product Image

Global Banking and Financial Smart Cards Market 2016-2020

  • ID: 3623670
  • February 2016
  • Region: Global
  • 48 pages
  • TechNavio
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The Global Banking and Financial Smart Cards Market is Forecast to Grow at a CAGR of 9.74% During the Period 2016-2020

FEATURED COMPANIES

  • American Express
  • Bell ID
  • DataCard
  • Giesecke & Devrient
  • Infineon Technologies
  • Morpho
  • MORE

A smart card is a pocket-sized card with either an embedded integrated circuit called a microcontroller chip, which has an internal memory, or a secured memory chip. Smart cards are used mainly for security purposes for authentication, identification, data storage, and application processing. With an embedded microcontroller chip, smart cards store large amounts of data; carry out their own on-card functions such as decryption, data storage and management, digital signature calculations, and encryption; and interact quickly with a smart card reader.

In the banking, financial services, and insurance (BFSI) sector, smart cards are used as credit or debit cards, authentication cards for payments, fuel cards, access control cards, and high-security identification cards. They can be used as electronic wallets by loading the smart card with funds that can be transferred to a vending machine or an account using cryptographic protocols. The portability, ease of use, security, and convenience offered by banking and financial smart cards have led to the increased adoption of smart cards in the BFSI sector.

Covered in this report

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FEATURED COMPANIES

  • American Express
  • Bell ID
  • DataCard
  • Giesecke & Devrient
  • Infineon Technologies
  • Morpho
  • MORE

PART 01: Executive summary
- Highlights

PART 02: Scope of the report
- Market overview
- Segmentation
- Top-vendor offerings

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights
- Introduction of smart cards
- Types of smart cards
- Smart card applications
- Life cycle of banking and financial smart cards
- Advantages and disadvantages of smart cards

PART 05: Market landscape
- Market overview
- Global smart cards market
- Global unit shipment of smart cards
- Market share of banking and financial smart cards

PART 06: Global banking and financial smart cards market
- Global banking and financial smart cards market
- Global unit shipment of banking and financial smart cards

PART 07: Market segmentation by technology
- Global banking and financial smart cards market segmentation by technology
- Global contact-based banking and financial smart cards market
- Global unit shipment of contact-based banking and financial smart cards
- Global contactless banking and financial smart cards market
- Global unit shipment of contactless banking and financial smart cards

PART 08: Geographical segmentation
- Segmentation of global banking and financial smart cards market by geography
- Segmentation of global banking and financial smart cards market by geography (revenue)
- Unit shipment of banking and financial smart cards market by geography

PART 09: Market drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Five forces analysis

PART 14: Key vendor analysis
- Competitive scenario
- Vendor matrix
- Description of leading vendors
- Key highlights
- Other prominent vendors

PART 15: Appendix
- List of abbreviations

PART 16: About Author

List of Exhibits

Exhibit 01: Product offerings 7
Exhibit 02: Life cycle of banking and financial smart cards
Exhibit 03: Overview of global banking and financial smart cards market
Exhibit 04: Global smart cards market 2015-2020 ($ billions)
Exhibit 05: Global unit shipment of smart cards 2015-2020 (billions of units)
Exhibit 06: Market share of banking and financial smart cards 2015-2020 (% share)
Exhibit 07: Global banking and financial smart cards market 2015-2020 ($ billions)
Exhibit 08: Global unit shipment of banking and financial smart cards 2015-2020 (billions of units)
Exhibit 09: Global banking and financial smart cards market segmentation by technology 2015-2020
Exhibit 10: Global contact-based banking and financial smart cards market 2015-2020 ($ billions)
Exhibit 11: Global unit shipment of contact-based banking and financial smart cards 2015-2020 (billions of units)
Exhibit 12: Global contactless banking and financial smart cards market 2015-2020 ($ billions)
Exhibit 13: Global unit shipment of contactless banking and financial smart cards 2015-2020 (billions of units)
Exhibit 14: Segmentation of global banking and financial smart cards market by geography 2015-2020 (% share)
Exhibit 15: Segmentation of global banking and financial smart cards market by geography 2015-2020 ($ billions)
Exhibit 16: Unit shipment of banking and financial smart cards market by geography 2015-2020 (billions of units)
Exhibit 17: Impact of drivers and challenges

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FEATURED COMPANIES

  • American Express
  • Bell ID
  • DataCard
  • Giesecke & Devrient
  • Infineon Technologies
  • Morpho
  • MORE

The following companies are recognised as the key players in the Global Banking and Financial Smart Cards Market: Gemalto, Giesecke & Devrient, Morpho, and Oberthur Technologies.

Other Prominent Vendors in the market are: American Express, ARM, Bell ID, CardLogix, DataCard, HID Global, Infineon Technologies, MasterCard, Smart Card IT Solutions and Visa.

Commenting on the report, an analyst from the research team said: “The emergence of hybrid cards is likely to encourage the adoption of smart cards by the banking and financial sectors. Hybrid smart cards are those with a dual-interface, a combination of contactless and contact interfaces, on a single card. Such cards have shared storage and processing of information, thus eliminating the need to carry multiple cards.”

According to the report, strong need to reduce identity duplication is one of the major growth drivers of the market. With a rise in the rate of fraudulent activities that are occurring, a solution that will reduce security risks is required. The data available in smart cards is difficult to decode, and therefore smart cards have a higher adoption in the BFSI sector worldwide.

Furthermore, the report states that the price of smart cards is remarkably high in regions where there are fewer vendors. At the same time, price wars in the market are increasing in regions where the market is fragmented. These price wars are resulting in a reduction in the cost of smart cards, which is adversely affecting small core players, as well as the revenue of the global banking and payment smart cards market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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- Gemalto
- Giesecke & Devrient
- Morpho
- Oberthur Technologies
- American Express
- ARM
- Bell ID
- CardLogix
- DataCard
- HID Global
- Infineon Technologies
- MasterCard
- Smart Card IT Solutions
- Visa

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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  • 2000Charge Inc.
  • MasterCard Incorporated
  • Gemalto N.V.
  • Visa, Inc.
  • American Express Company
  • Diebold, Inc.