EMV CardMarket:size was valued at US$ 13.9 Bn. in 2021 and the total EMV Card revenue is expected to grow at 4.2 % through 2022 to 2027, reaching nearly US$ 17.79 Bn.
A report on theEMV CardMarkethas been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information.
The research covers a wide range of market- and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for theEMV CardMarket. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data.
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Market Overview:
By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of theEMV CardMarket may be better understood. In order to assess the importance of numerous aspects, including threats provided by diverse agents, competitive strength, and the understanding of a resource by ambitious young enterprises, the study examines Porter's five forces. The study looked at each country at the micro level to establish the total market size by countries and market categories. With the use of a method known as "bottom-up" forecasting, the size of the regional and global markets is determined. A micro level analysis of each country will reveal how much the underground market contributes to the growth of the larger market. The findings were supported by in-depth interviews with well-known local business owners. The information used in secondary research is obtained from both for-profit and open-access sources, and it is then analysed. The sources for consumption by category and supply by each player in each country are actual government data, commercial databases, and annual reports of publicly traded companies.
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Market Key players:
ABCorp
CPI Card Group
Gem alto
Giesecke Devrient
Morpho (Safran)
Oberthur Technologies
Versatile Card Technology Ingenico
PAX Technology
SZZT Technology
VeriFone
ATOS World line
Cyber Net
Equinox
Fiserv Inc.
Keycorp
NCR
Spire Payments
Hengbao
Watch data systems Co. Ltd
Gold Pac
Others
Market Segmentation:
By Interface, the contactless segment is expected to account for the majority of the market during the forecast period. A contactless smart card consists of an integrated smart card secure microcontroller or equivalent intelligence, internal memory, and a micro antenna that connects with readers through a contactless radio frequency (RF) interface. Contactless smart card applications are generally served by radio-frequency identification (RFID) or near-field communication (NFC) communication technologies. COVID-19 is having a positive influence on the contactless smart card market since the Globe Health Organization (WHO) and governments across the world are promoting the usage of contactless smart cards for a variety of reasons in order to achieve social distancing and prevent the virus's spread. Contactless EMV cards provide ease, speed, and convenience to users. The contactless interface has become more important nowadays, particularly for payment applications owing to its safe and secure transactions without physical touch.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
- South America
In the research's examination of theEMV CardMarket, cost structures, market shares, the producers' supply networks, and the laws and regulations in force at the time are all taken into account. It is possible to analyse the regional markets for theEMV CardMarket by comparing the cost of locally produced goods to the profit made.
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