Powered Smart Card Market, by Type (Contactless Cards, Hybrid Cards, and Dual- interface Cards), by Application (Governm

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2. POWERED SMART CARD MARKET ANALYSIS Powered Smart Card Market, by Type (Contactless Cards, Hybrid Cards, and Dual- interface Cards), by Application (Government, Healthcare, Transportation, Telecommunication, Financial Services, Retail, and loyalty, Pay TV, and Energy and Utility (Smart Meters for Electricity, Water, and Gas)), and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Overview The global powered smart card market was estimated to account for US$ 4,406.1 Mnin terms of value by the end of 2019 Market Dynamics Drivers • Increasing demand for secure and reliable payment transaction platforms across BFSI and retail sectors is expected to drive growth of the global powered smart cards market during the forecast period • Growing mobile phone connection subscribers around the globe are expected to propel the global powered smart card market growth over the forecast period

4. Figure 1. Market Share

5. Market Dynamics Restraints • Technically challenges faced by organizations are expected to restrain growth of the global powered smart card market during the forecast period • High cost associated with migration to powered smartcard is expected to restrain the global powered smart card market growth over the forecast period

6. Market Opportunities • Providing complete solutions with inclusion of software and services related to powered smart cards are expected to present major growth opportunities • Advent of high-end SIMs in terms of NFC capability and LTE providers is expected to provide lucrative growth opportunity

7. Figure 2. MarketOpportunity Analysis

8. Market Trends • Convergence of power smart cards • Additional offerings such as software solutions and services • Value Chain Analysis

9. Figure 3. Value Chain Analysis

10. Competitive Section 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.

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