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contactless smart cards market in the banking sector global drivers trends and forecast to 2021

Contactless Smart Cards Market in the Banking Sector, Global Drivers, Trends and Forecast to 2021

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A contactless smart card communicates with a terminal via radio waves, and is also meant for storing and processing of data.  For banking transactions, users just need to wave their cards near the merchant terminal instead of dipping or swiping it in the card machine. The Contactless Smart Cards market market is gaining traction as the banking organizations look to provide the best banking experience to their customers. Various public and private banks are partnering with Visa and MasterCard, and have started introducing contactless payment enabled debit and credit cards.

Contactless smart cards are being preferred due to their value of speed and security. The speedy transactions will lead to build up momentum in high value payments, such as in shopping malls and restaurants. As the card will remain in the palm of the cardholder, it provides more security to the cardholder. Some of the vendors are also offering multi-application smart cards.

Rise in acceptance of smart cards, benefits of security and user-friendly, and demand for good banking experience are the major drivers for the growth of contactless smart cards market in the banking sector. The market is segmented by applications, technologies, and regions. Some of the vendors present in the market are Giesecke & Devrient, Gemalto, Oberthur Technologies, Safran, ARM, American Express, Master Card, HID Global, CardLogix and DataCard.

The study covers and analyses the “Contactless Smart Cards” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

1       Industry Outlook 

1.1             Industry Overview

1.2             Industry Trends

1.3             PESTEL Analysis

2       Report Outline 

2.1             Report Scope

2.2             Report Summary

2.3             Research Methodology

2.4             Report Assumptions

3       Market Snapshot

3.1             Total Addressable Market (TAM)

3.2             Segmented Addressable Market (SAM)

3.3             SAM as a Segment of TAM

3.4             Related Markets

4       Market Outlook 

4.1             Overview

4.2             Ecosystem

4.3             Segmentation

4.4             Porter 5 (Five) Forces

5       Market Characteristics 

5.1             Market Trends

5.2             Value Chain

5.3             Market Dynamics

5.3.1               Drivers

5.3.2               Restraints

5.3.3               Opportunities

5.4             DRO – Impact Analysis

5.5             Key Stakeholders

6       Applications: Market Size and Analysis

6.1             Overview

6.2             Access control

6.3             Payment

6.4             Transit

6.5             Government ID

7       Regions: Market Size & Analysis 

7.1             Overview

7.2             North America

7.3             Europe

7.4            Asia Pacific

7.5            Latin America

7.6            Middle East & Africa

8       Competitive Analysis 

8.1             Overview

8.2             Giesecke & Devrient

8.3          Oberthur Technologies

8.4             Gemalto

8.5             Safran

Includes other major vendors

9       Vendor Profiles*

9.1             Giesecke & Devrient

8.3          Oberthur Technologies

8.4             Gemalto

8.5             Safran

Includes other major vendors

10     Companies to Watch for # 

11     Expert’s Views 

Annexure 

Abbreviations

 

* Vendor profiles will include: overview, business units, geographical revenue, recent developments, business focus, SWOT, and business strategy

# Companies to watch for will include small private players present in Indian market

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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Contactless Smart Cards Market in the Banking Sector, Global Drivers, Trends and Forecast to 2021
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