Global Contactless Smart Cards Market in the Banking Sector 2016-2020

  • ID: 3769357
  • Report
  • Region: Global
  • 59 pages
  • TechNavio
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FEATURED COMPANIES

  • American Express
  • Bell ID
  • Gemalto
  • HID Global
  • MasterCard
  • Oberthur Technologies
  • MORE
About the Contactless Smart Cards Market in Banking Sector

A smart card is a pocket-sized card with an embedded microcircuit. Smart cards are used by organizations in various sectors such as banking, financial services, and insurance (BFSI); transportation; government; and healthcare for identification and authentication of individuals. They can be used by employees in enterprises to gain authorized access to secured premises to ensure data security. Based on technology, smart cards can be segmented into contact-based and contactless smart cards.

The analysts forecast the global contactless smart cards market in banking sector to grow at a CAGR of 33.09% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global contactless smart cards market in banking sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of contactless smart cards used for payments.

The market is divided into the following segments based on geography:

- APAC
- Europe
- MEA
- North America
- South America

The report, Global Contactless Smart Cards Market in Banking Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Gemalto
- Giesecke & Devrient
- Safran
- Oberthur Technologies

Other prominent vendors
- American Express
- ARM
- Bell ID
- CardLogix
- DataCard
- HID Global
- Infineon Technologies
- MasterCard
- NXP Semiconductors
- Smart Card IT Solutions
- Visa

Market drivers
- Growing need to reduce identity duplication

Market challenges
- Lack of awareness about contactless smart cards among end-users

Market trends
- Introduction of hybrid smart cards

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • American Express
  • Bell ID
  • Gemalto
  • HID Global
  • MasterCard
  • Oberthur Technologies
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market description
  • Working flow of contactless smart cards
  • Advantages of smart cards
  • Disadvantages of smart cards
PART 06: Market landscape
  • Market overview
  • Market assumptions
  • Contactless smart card in banking sector
  • Market size and forecast
  • Global unit shipment of contactless smart cards in banking sector
PART 07: Product life cycle analysis

PART 08: Geographical segmentation
  • Global contactless smart card market in banking sector by geography
  • Contactless smart card market in banking sector in APAC
  • Contactless smart card market in banking sector in Europe
  • Contactless smart card market in banking sector in South America
  • Contactless smart card market in banking sector in North America
  • Contactless smart card market in banking sector in MEA
PART 09: Market attractiveness
  • Market attractiveness by geography
PART 10: Advent of NFC-based mobile phones

PART 11: Market drivers
  • Growing need to reduce identity duplication
  • Need for tamper-resistant information storage systems
  • Increasing need to prevent fraud in banks
PART 12: Impact of drivers

PART 13: Market challenges
  • High initial deployment and replacement costs
  • Increase in price-based competition
  • Growing complexity of smart card chips
  • Lack of awareness about contactless smart cards among end-users
PART 14: Impact of drivers and challenges

PART 15: Market trends
  • Emergence of multi-application smart cards
  • Introduction of hybrid smart cards
  • Increased adoption of electronic purses
PART 16: Buying criteria

PART 17: Vendor landscape
  • Competitive scenario
PART 18: Five forces model
  • Value chain analysis
  • Product offerings
  • Vendor matrix
  • Competitive rating
  • Description of vendors
  • Channel distribution
  • Other prominent vendors
PART 19: Appendix
  • List of abbreviations
PART 20: About the Author

List of Exhibits

Exhibit 01: Working flow of contactless smart cards
Exhibit 02: Market overview
Exhibit 03: Market assumptions
Exhibit 04: Contactless smart cards in banking sector 2015 (% share)
Exhibit 05: Contactless smart cards in banking sector 2020 (% share)
Exhibit 06: Global contactless smart card market in banking sector 2015-2020 ($ millions)
Exhibit 07: Global unit shipment of contactless smart cards in banking sector 2015-2020 (millions of units)
Exhibit 08: Product life cycle analysis
Exhibit 09: Global contactless smart card market in banking sector by geography 2015-2020 (% share)
Exhibit 10: Global contactless smart card market in banking sector by geography 2015-2020 (% share of unit shipment)
Exhibit 11: Contactless smart card market in banking sector in APAC 2015-2020 ($ millions)
Exhibit 12: Unit shipment of contactless smart cards in banking sector in APAC 2015-2020 (millions of units)
Exhibit 13: Contactless smart card market in banking sector in Europe 2015-2020 ($ millions)
Exhibit 14: Unit shipment of contactless smart cards in banking sector in Europe 2015-2020 (millions of units)
Exhibit 15: Contactless smart card market in banking sector in South America 2015-2020 ($ millions)
Exhibit 16: Unit shipment of contactless smart cards in banking sector in South America 2015-2020 (millions of units)
Exhibit 17: Contactless smart card market in banking sector in North America 2015-2020 ($ millions)
Exhibit 18: Unit shipment of contactless smart cards in banking sector in North America 2015-2020 (millions of units)
Exhibit 19: Contactless smart card market in banking sector in MEA 2015-2020 ($ millions)
Exhibit 20: Unit shipment of contactless smart cards in banking sector in MEA 2015-2020 (millions of units)
Exhibit 21: Market attractiveness by geography 2015-2016
Exhibit 22: Market attractiveness by geography 2019-2020
Exhibit 23: Impact of drivers
Exhibit 24: Impact of drivers and challenges
Exhibit 25: Buying criteria for contactless smart cards in banking sector
Exhibit 26: Five forces model
Exhibit 27: Value chain analysis of contactless smart card market in banking sector
Exhibit 28: Product offerings
Exhibit 29: Vendor matrix
Exhibit 30: Competitive rating 2015
Exhibit 31: Key partnerships
Exhibit 32: Key acquisitions in global contactless smart card market in banking sector
Exhibit 33: Other prominent vendors
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FEATURED COMPANIES

  • American Express
  • Bell ID
  • Gemalto
  • HID Global
  • MasterCard
  • Oberthur Technologies
  • MORE
New Report Released: - Global Contactless Smart Cards Market in Banking Sector 2016-2020

The author of the report recognizes the following companies as the key players in the global contactless smart cards market in banking sector: Gemalto, Giesecke & Devrient, Safran, and Oberthur Technologies.

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

Commenting on the report, an analyst from the research team said: “One trend that is expected to boost market growth is the introduction of hybrid smart cards. 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. Hybrid smart card authentication requires smart card middleware, a smart card, a smart card reader, and a smart card PIN. As data and information can be consolidated in one smart card, it provides ease of handling. The availability of hybrid cards will lead to the increased adoption of contactless smart cards, which will support the market growth.”

According to the report, a key growth driver is the need to reduce identity duplication. With technological advances, the number of cases of fraud and forgery is increasing. There is a growing need for a solution that will reduce security risks. The cards and payments industry has undergone a digital transformation with the introduction of new payment methods such as EMV chips, PIN cards, and mobile wallets. The data stored on smart cards is difficult to decode. Data and information available in contactless smart cards can be accessed using a PIN. These PINs are extremely difficult to interpret as they are encoded and make the transaction more secure and counterfeiting more difficult.

Further, the report states that one challenge that could hamper market growth is the lack of awareness about contactless smart cards among end-users.

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
- Safran
- Oberthur Technologies
- American Express
- ARM
- Bell ID
- CardLogix
- HID Global
- Infineon Technologies
- MasterCard
- NXP Semiconductors
- 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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