Smart Card Market

1. Smart Card Overview, Working, Applications… A smart card could be a physical card that has associate embedded integrated chip that acts as a security token. Smart cards typically measure generally an equivalent size as a permit or MasterCard and may be created out of metal or plastic. They connect with a reader either by direct physical contact (also referred to as chip and dip) or through a short-range wireless property normal like radio-frequency identification (RFID) or near-field communication (NFC). Smart cards square measure used for a range of applications, although most ordinarily square measure used for credit cards and different payment cards. Distribution of good cards in recent years has been driven by the payment card industry's move to support good cards for the EMV payment card normal. Trends in Smart Card Market: Global Smart Card Market is expected to grow at a CAGR of 8.5% during the forecast period 2019–2026. Competitive Landscape: Some of the major Companies in the Smart Card Market are Gemalto N.V., Giesecke & Devrient GmbH, STMicroelectronics NV, Ingenico Group SA, IDEMIA France SAS, CPI Card Group Inc., Identiv, Inc.,Infineon Technologies AG, NXP Semiconductors N.V., Sony Corporation, Samsung Electronics Co., Ltd., and HID Global Corporation

2. The Most Common Smart Card Applications Are: Credit cards Electronic cash Computer security systems Wireless communication Loyalty systems (like frequent flyer points) Banking Satellite TV Government identification Segmental Insights Trends: The Smart Card Market is Segmented By Type, Component and Access Type. By Type Contact Contactless Dual Interface On the Basis of By Component: Software, Hardware. By Access Type Physical Logical The chips used in these cards also fall into two categories: microcontroller chips and memory chips. A memory chip is like a small floppy disk with optional security. Memory chips are less expensive than microcontrollers but with a corresponding decrease in data management security. Cards that use memory chips depend on the security of the card reader for processing and are ideal for situations that require low or medium security. Regional Insights: Geographically, the Smart Card Market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America Europe Asia Pacific The Middle East & Africa

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