smart card market 2014 The smart cards market is projected to reach a value of USD 16.9 billion by 2026 due to the demand for increasing contactless payments, government schemes for national ID cards, and rising e-commerce shopping.
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The global smart card market size was estimated at USD 14.23 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. A smart card is a tangible card that houses embedded memory .Global Smart Card Market was valued at USD 12724.26 million in 2021 and is expected to reach USD 29963.59 million by 2029, registering a CAGR of 11.30% during the forecast period of 2022-2029.The global smart card market size was estimated at USD 14.23 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. A smart card is a tangible card that houses embedded memory or a microcontroller within a contact pad. Total smart card shipments reached the 8.8 billion mark in 2014, a year-on-year (YoY) increase of just over 9%. Of the 8.8 billion, 83% shipped into the SIM or payment cards market. These two verticals drove growth in 2014.
The Smart Card Market is expected to reach USD 18.69 billion in 2024 and grow at a CAGR of 8.59% to reach USD 28.22 billion by 2029. CardLogix Corporation, Watchdata Technologies, Bundesdruckerei GmbH, IntelCav and Secura Key are the major companies operating in . The smart cards market is projected to reach a value of USD 16.9 billion by 2026 due to the demand for increasing contactless payments, government schemes for national ID cards, and rising e-commerce shopping.The global smart card, chip card, or integrated circuit card (ICC or IC card) market size reached USD 14.50 Billion in 2022 and is expected to reach USD 21.10 Billion in 2032 registering a CAGR of 3.8%. With the end of 2014 fast approaching, I wanted to provide some of ABI Research’s top level findings and success stories within the three primary smart card market verticals, whilst presenting a preview into our market expectations and makeup for 2015.
The smart card market is experiencing significant growth, primarily driven by the expanding deployment of smart cards in personal identification and access control applications. Robust security measures have become paramount in the increasingly digital and interconnected world. The United States’ migration to EMV-standard chip-and-PIN cards, and the growing demand for contactless technologies, defined a high-growth payment card market in 2014, according to the Smart Payment Association (SPA).Global unit shipments of smartcards are expected to hit 8.8 billion in 2014 and will then rise over the next five years with a compound annual growth rate (CAGR) of 4.4 percent, according to IHS Technology, the publisher of Electronics 360.
Global Smart Card Market was valued at USD 12724.26 million in 2021 and is expected to reach USD 29963.59 million by 2029, registering a CAGR of 11.30% during the forecast period of 2022-2029.The global smart card market size was estimated at USD 14.23 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. A smart card is a tangible card that houses embedded memory or a microcontroller within a contact pad. Total smart card shipments reached the 8.8 billion mark in 2014, a year-on-year (YoY) increase of just over 9%. Of the 8.8 billion, 83% shipped into the SIM or payment cards market. These two verticals drove growth in 2014.
The Smart Card Market is expected to reach USD 18.69 billion in 2024 and grow at a CAGR of 8.59% to reach USD 28.22 billion by 2029. CardLogix Corporation, Watchdata Technologies, Bundesdruckerei GmbH, IntelCav and Secura Key are the major companies operating in . The smart cards market is projected to reach a value of USD 16.9 billion by 2026 due to the demand for increasing contactless payments, government schemes for national ID cards, and rising e-commerce shopping.The global smart card, chip card, or integrated circuit card (ICC or IC card) market size reached USD 14.50 Billion in 2022 and is expected to reach USD 21.10 Billion in 2032 registering a CAGR of 3.8%. With the end of 2014 fast approaching, I wanted to provide some of ABI Research’s top level findings and success stories within the three primary smart card market verticals, whilst presenting a preview into our market expectations and makeup for 2015.
smart card vendors
The smart card market is experiencing significant growth, primarily driven by the expanding deployment of smart cards in personal identification and access control applications. Robust security measures have become paramount in the increasingly digital and interconnected world. The United States’ migration to EMV-standard chip-and-PIN cards, and the growing demand for contactless technologies, defined a high-growth payment card market in 2014, according to the Smart Payment Association (SPA).
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smart card statistics
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