About Banking and Financial Smart Cards
A smart card is a pocket-sized card with either an embedded integrated circuit called a microcontroller chip, which has an internal memory, or a secured memory chip. Smart cards are used mainly for security purposes for authentication, identification, data storage, and application processing. With an embedded microcontroller chip, smart cards store large amounts of data; carry out their own on-card functions such as decryption, data storage and management, digital signature calculations, and encryption; and interact quickly with a smart card reader.
In the banking, financial services, and insurance (BFSI) sector, smart cards are used as credit or debit cards, authentication cards for payments, fuel cards, access control cards, and high-security identification cards. They can be used as electronic wallets by loading the smart card with funds that can be transferred to a vending machine or an account using cryptographic protocols. The portability, ease of use, security, and convenience offered by banking and financial smart cards have led to the increased adoption of smart cards in the BFSI sector.
Technavios analysts forecast the global banking and financial smart cards market to grow at a CAGR of 9.74% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global banking and financial smart cards market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of banking and financial smart cards. Smart cards are used in banks of all sizes and government banks for identification, authentication, data storage, and application processing.)
The market is divided into the following segments based on geography:
APAC
Europe
Latin America
MEA
Technavios report, Global Banking and Financial Smart Cards Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Gemalto
Giesecke & Devrient
Morpho
Oberthur Technologies
Other prominent vendors
American Express
ARM
Bell ID
CardLogix
DataCard
HID Global
Infineon Technologies
MasterCard
Smart Card IT Solutions
Visa
Market driver
Strong need to reduce identity duplication
For a full, detailed list, view our report
Market challenge
Increase in price wars
For a full, detailed list, view our report
Market trend
Emergence of hybrid smart cards
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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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
List of Exhibits
Exhibit 01: Product offerings 7
Exhibit 02: Life cycle of banking and financial smart cards
Exhibit 03: Overview of global banking and financial smart cards market
Exhibit 04: Global smart cards market 2015-2020 ($ billions)
Exhibit 05: Global unit shipment of smart cards 2015-2020 (billions of units)
Exhibit 06: Market share of banking and financial smart cards 2015-2020 (% share)
Exhibit 07: Global banking and financial smart cards market 2015-2020 ($ billions)
Exhibit 08: Global unit shipment of banking and financial smart cards 2015-2020 (billions of units)
Exhibit 09: Global banking and financial smart cards market segmentation by technology 2015-2020
Exhibit 10: Global contact-based banking and financial smart cards market 2015-2020 ($ billions)
Exhibit 11: Global unit shipment of contact-based banking and financial smart cards 2015-2020 (billions of units)
Exhibit 12: Global contactless banking and financial smart cards market 2015-2020 ($ billions)
Exhibit 13: Global unit shipment of contactless banking and financial smart cards 2015-2020 (billions of units)
Exhibit 14: Segmentation of global banking and financial smart cards market by geography 2015-2020 (% share)
Exhibit 15: Segmentation of global banking and financial smart cards market by geography 2015-2020 ($ billions)
Exhibit 16: Unit shipment of banking and financial smart cards market by geography 2015-2020 (billions of units)
Exhibit 17: Impact of drivers and challenges
