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Press release content from Business Wire. The AP news staff was not involved in its creation.

Insights on the Contactless Smart Card Global Market to 2026 - Featuring Alioth, CPI Card and Thales Among Others - ResearchAndMarkets.com

December 21, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Dec 21, 2021--

The “Contactless Smart Card Market Research Report by Type, Technology, Application, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The Global Contactless Smart Card Market size was estimated at USD 16.47 billion in 2020, is expected to reach USD 17.90 billion in 2021, and projected to grow at a CAGR of 9.00% reaching USD 27.64 billion by 2026.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

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FPNV Positioning Matrix

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Contactless Smart Card Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

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4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Contactless Smart Card Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Contactless Smart Card Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Contactless Smart Card Market?

4. What is the competitive strategic window for opportunities in the Global Contactless Smart Card Market?

5. What are the technology trends and regulatory frameworks in the Global Contactless Smart Card Market?

6. What is the market share of the leading vendors in the Global Contactless Smart Card Market?

7. What modes and strategic moves are considered suitable for entering the Global Contactless Smart Card Market?

Market Dynamics

Drivers

  • Rising demand in the healthcare sector
  • Growing demand for contactless payments?
  • Increasing adoption in the banking and financial sector

Restraints

  • Increased popularity of e-commerce

Opportunities

  • Increased popularity of e-commerce
  • Growing adoption in the banking and financial sector
  • Ongoing technological and infrastructure advancements

Challenges

  • High infrastructure costs, along with security and data theft concerns

Companies Mentioned

  • AB Corp Ltd.
  • Alioth LLC
  • Bartronics India Limited
  • CPI Card Group
  • Data Card Ltd.
  • Eastcompeace Technology Co. Ltd
  • Giesecke & Devrient GmbH
  • HID Global Corporation
  • IDEMIA Group
  • Infineon Technologies AG
  • Inteligensa SA
  • NXP Semiconductors NV
  • PARAGON ID SA
  • Siepmann’s Card System Pvt Ltd
  • SpringCard SAS
  • Square, Inc.
  • Thales Group
  • VeriFone, Inc.
  • Watchdata Technologies LLC

For more information about this report visit https://www.researchandmarkets.com/r/xcjacq

View source version on businesswire.com:https://www.businesswire.com/news/home/20211221005569/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY RETAIL OTHER TECHNOLOGY OTHER RETAIL

SOURCE: Research and Markets

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PUB: 12/21/2021 11:30 AM/DISC: 12/21/2021 11:31 AM

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