Powered Smart Card Market Analysis 2021: Industry Growth Startegy and In-Detailed Information 2027

A smart card or chip card is an IC-based card, which accumulates and retrieves information using various computer systems. Smart cards are cost-effective device to store, manage, and maintain credentials for end users. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Smart cards typically find applications in mobile phones, identification cards, computer security, healthcare, public transit, and schools. There are different types of smart cards used available in the market namely contactless smart cards, dual smart cards, and hybrid smart cards. Contact less smart cards are self-powered devices, offering enhanced security over contact smart cards. Furthermore, dual smart cards are a combination of contact and contactless smart cards, while hybrid cards are multifunction cards.

Internet access has become convenient and usage has increased the sustainability due to increasing demand for online banking & shopping experience and rising access to e-government services. Increasing adoption of e-commerce services has increased the frequency of online payments globally in the recent past. According to Coherent Markets Insights Analysis, mobile payments are expected to reach US$ 617 Bn in terms of transaction value by 2016 end. Growth is anticipated to be mainly driven by increasing adoption of NFC77 technology in the U.S. and the global consumer market. Moreover, security risks associated with online payment options have increased the demand for secured payment options. Powered smart cards can enhance security, reduce fraud, and allow utilization of value-added services to consumers. Therefore, these factors are expected to boost growth of the global powered smart card market during the forecast period.

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Which are the Top Key Players of Powered Smart Card market across the globe?
Key players operating in the global powered smart card market are Watchdata Technologies Ltd., Texas Instruments Incorporated, Safran Identity and Security (Morpho SA), Samsung, Oberthur Technologies, Shanghai Huahong Integrated Circuit Co., Ltd., Wuhan Tianyu Information Industry Co., Ltd., Gemalto NV, NXP Semiconductors N.V., Giesecke & Devrient GmbH, Infineon Technologies AG, Eastcompeace Technology Co., Ltd., and Datang Telecom Technology Co., Ltd.

What are the End-User of the Powered Smart Card market?
• Government
• Healthcare
• Transportation
• Telecommunication
• Financial Services, Retail, and loyalty
• Pay TV
• Energy and Utility (Smart Meters for Electricity, Water, and Gas)

What are the Types of the Powered Smart Card market?
• Contactless Cards
• Hybrid Cards
• Dual- interface Card

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