Global Smart Card Market to be Worth USD 13.1 Bn by 2022, Forecasts Stratistics MRC in Its Report Available at MarketPublishers.com06 Feb 2017 • by Natalie Aster
LONDON – As of 2015, a value of the global market for smart cards hit the USD 7.4 billion mark. This marketplace is forecast to grow at a CAGR of around 9% in the upcoming years to be worth more than USD 13 billion by 2022.
The growth will be encouraged by the increase in the demand for secure and reliable payments, the rising penetration of mobile phones across emerging geographies, technology advancements, and more. Still, there are price pressures as well as technological issues that restrain the growth.
BFSI and retail industry segments are set to showcase the most rapid growth in the coming years. APAC is expected to remain the leading region in the global market. It is forecast to demonstrate the fastest growing marketplace. In terms of applications, the telecom industry (mainly 3G) rules the market.
Many companies participate in the world’s marketplace: Sony Corp., Ingenico SA, Atos SE, Diebold Corporation, MORPHO, and more.
Insightful research report “Smart card - Global Market Outlook (2016-2022)” developed by Stratistics MRC Pvt Ltd offers a detailed analysis of the world’s market for smart cards. The study provides a 360-degree overview of the space.
It describes drivers, limelights threats and examines opportunities and threats. The report comprises the five forces analysis. The report analyzes the marketplace on the basis of the following factors: applications, components, types, and more.
Regional markets are explored in the research study, too. The research report pays special attention to emerging markets. The study throws light on key developments in the global space.
It profiles leading companies (25 in total). The report comprises historical data for the marketplace. Future outlook for the worldwide market is on hand in the research study, too.
- comprehensive overview of the marketplace;
- discussion of trends and developments;
- investigation of the competitive landscape;
- insights into regional markets;
- future outlook;
- and more.
More new studies by Stratistics MRC can be found at its page.