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Global Banking and Financial Smart Cards Market 2016-2020

  • Published: Feb 2016
  • Pages: 48
  • SKU: IRTNTR8793
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This global banking and financial smart cards market report provides an analysis of the market by technology (contactless cards and contact-based cards) and by geography (APAC, Europe, Latin America, North America, and MEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Gemalto, Giesecke & Devrient, Morpho, and Oberthur Technologies.

Outlook of the global banking and financial smart cards market

Technavio’s market research analyst estimates the global banking and financial smart cards market to grow at a CAGR of almost 10% by 2020. The BFSI sector deals with critical data and information, therefore, it requires a highly secure authentication and verification technology that is least affected by security threats and bank forgery. The rising need for a high level of data and identity security in the banking and payment industry will aid in the growth of this market during the forecast period.

The strong need to reduce identity duplication will be the key driver for the growth of this market. Due to advances in technology, the number of fraudulent activities and forgeries are increasing. As a result, the cards and payments industry has undergone a digital transformation with the introduction of new payment methods such as EMV chips, personal identification number (PIN) cards, and mobile wallets. Since the data available in smart cards is difficult to decode, they will have a higher adoption rate in the BFSI sector.

Technological segmentation of the banking and financial smart cards market

  • Contactless banking and financial smart cards
  • Contact-based banking and financial smart cards

At present, the contact-based banking and financial smart cards segment dominates this market as it accounts for a market share of more than 79%. The verification technique involved in such cards is based on the traditional method that requires inserting the card into a card reader and requires physical contact for the transmission of commands, data, and card status through contact points.

Geographical segmentation of the banking and financial smart cards market

  • APAC
  • Europe
  • Latin America
  • North America
  • MEA

The APAC region will be the largest market for banking and financial smart cards during the forecast period and will account for a market share of more than 44% by the end of 2020. In this region, recent developments in technology, such as e-commerce activities, are encouraging banks to issue smart cards in place of the traditional magnetic tape-based credit and debit cards. This trend of replacing the traditional magnetic tape-based credit and debit cards with smart cards will aid in the growth of this market in APAC during the forecast period.

Competitive landscape and key vendors

The global banking and financial smart cards market is fragmented with the presence of many small regional vendors and large multinational vendors. During the forecast period, established banking and financial smart cards vendors are likely to acquire smaller vendors to expand their product portfolio and boost their market shares.

Leading vendors in the market are -

  • Gemalto
  • Giesecke & Devrient
  • Morpho
  • Oberthur Technologies

Other prominent vendors are American Express, ARM, Bell ID, CardLogix, DataCard, HID Global, Infineon Technologies, MasterCard, Smart Card IT Solutions, and Visa.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global banking and financial smart cards market?
  • What are the key market trends impacting the growth of the global banking and financial smart cards market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global banking and financial smart cards market?
  • What are the market opportunities and threats faced by the vendors in the global banking and financial smart cards market?
  • Trending factors influencing the market shares of APAC, Europe, Latin America, North America, and MEA.
  • What are the key outcomes of the five forces analysis of the banking and financial smart cards market?

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Table of Content

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: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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