Global Smart Card Market: High-growth Regions to Expand Geographic Footprint 2020- 2026

1. Global Smart Card Market: Factors Helping to Maintain Strong Position Globally 2020-2026

2. Industry Overview • Accordingly, to Global Market Insights research report the global smart card Market is projected to observe significant expansion over the coming years due to the increasing demand for safe and secure payment transactions across retail as well as transit markets. Cyberattacks pose a high risk across transit and retail sectors, which is creating the need for smart cards for applications like employee identity, citizen identity, and healthcare, thereby increasing the industry outlook. • In addition to the increased security, data integrity offered by the product would play a crucial role in promoting its adoption across industries for storing vital information. Additionally, smart cards also provide better flexibility as they can store multiple types of data like credit cards, family and business contacts, and identification. This combination of flexibility and integrity would allow them to stake a claim across a plethora of industry verticals. • Owing, in part, to the aforementioned factors, Global Market Insights Inc. estimates, the global smart card market is likely to exceed a valuation of $75 billion by 2026.

3. Continue… • Currently, numerous (Point-of-Sale) POS manufacturers are combining their products with advanced technology, fostering industry expansion. POS manufacturers are focusing on innovating advanced solutions that are integrated functions like employee management, warehouse management, as well as sales & order management. These integrated features allow retailers to provide value-added shopping benefits for customers. Moreover, this consumer-centric approach provided by POS solutions also allows retailers to effectively expand their respective consumer base, ensuring more growth for smart card market. • With reference to the product segment, the consistently growing implementation of hybrid cards for control and access applications across schools, campuses, offices, and colleges is propelling the demand for these cards in the market. Hybrid cards have a microprocessor smart card Market chip and a contactless RFID proximity chip that does not have no interface. • Geographically, a significant upsurge in the number of foreign banks across Latin America is slated to push EVM card adoption in the region. Regulatory agencies in the region are increasingly focusing on rolling out contactless technology across local public transportation which is further complementing the smart card market size.

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5. Growth Drivers • Ongoing technological advancements • Growing adoption in the banking and financial sector • Infrastructure development initiatives stimulate smart card demand • Rising demand in the healthcare sector in Europe • Increasing investments and developments in Asia Pacific

6. Continue… • Top key player Are • American Banknote Corporation • Bartronics India Limited • Cardcom Technology • CardLogix Corporation • CPI Card Group • Eastcompeace Technology Co. Ltd • Giesecke & Devrient (G&D) GmbH • GOLDPAC Group • Hengbao Co. Ltd. • IDEMIA • Infineon Technologies AG • Ingenico Group • Inteligensa Group • Kona I Co. Ltd. • NXP Semiconductors N.V. • Perfect Plastic Printing Corporation • Identiv Inc.

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