Global Banking and Financial Smart Cards Market, By Type (Magnetic Stripe Card, Chip Card, and Dual Interface Card), By Application (Commercial and Personal), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI371019 | Publish Date: November 2019 | No. of Pages: 176

Global Banking And Financial Smart Overview

Need for exchange of information and data has increased due to rising development of information and communication technology, which invites more complex data security threats in the banking and financial industry. In order to fight with these threats, there must be efficient as well as appropriate solutions in place which is why banking and smart cards are important. An ever-increasing need for the implementation of security policy is undeniable, with more stringent government regulations and legislation for the overseeing of data integrity.

Growth in complexity and frequency of data security threats like new technology without security, unencrypted data, third-party services, hacking and unsecured mobile banking, is the prime factor driving growth of the global banking and financial smart card market. The cards and payments industry has undergone a digital transformation with the launch of new payment methods such as personal identification number (PIN) cards, EMV chips, and mobile wallets. With increasing rise in the usage of these methods, there is a strong need to reduce fraudulent activities like identity duplication and hence a solution that will reduce security risks is required. However, high cost of deployment and replacement along with lack of the awareness of the banking and financial smart card technology among individuals is hampering growth of the global market. Nevertheless, Increasing Adoption of NFC Payments is the major trend observed for the growth of the global market.

The global banking and financial smart cards market is segmented based on type, application, and region.

Based on type, the global banking and financial smart cards market is segmented into magnetic stripe card, chip card, and dual interface card. On the basis of application, the global market is segmented into commercial and personal.

Based on region the global banking and financial smart cards market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is accounted to be the largest revenue share market in the banking and financial smart card as well as is the fastest growing region in the same. Asia-pacific is expected to witness significant growth for the global market over the forecast period. This is mainly attributed due to ongoing drive to promote cashless payments methods, such as contactless and mobile, to decrease reliance on cash to foster economic growth in countries like China and Japan. In addition, with the widespread acceptance and development of the EMV standard in such economies, the target market growth is projected to be significant in the Asia-pacific market

The key players operating the global banking and financial smart cards market involves Gemalto NV, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, CardLogix Corporation, MasterCard, Inc., and Visa, Inc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, on January 2019, ICBC the largest bank in China has selected Gemalto NV contactless payment cards to accelerate China’s digital payment transformation.

Detailed Segmentation:

Global Banking and Financial Smart Cards Market, By Type:

  • Magnetic Stripe Card
  • Chip Card
  • Dual Interface Card

Global Banking and Financial Smart Cards Market, By Application:

  • Commercial
  • Personal

Global Banking and Financial Smart Cards Market, By Region:

      • North America
        • North America Banking and Financial Smart Cards Market, By Type
        • North America Banking and Financial Smart Cards Market, By Application
        • North America Banking and Financial Smart Cards Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Banking and Financial Smart Cards Market, By Type
        • Europe Banking and Financial Smart Cards Market, By Application
        • Europe Banking and Financial Smart Cards Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Banking and Financial Smart Cards Market, By Type
        • Asia Pacific Banking and Financial Smart Cards Market, By Application
        • Asia Pacific Banking and Financial Smart Cards Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific                                                                                                                                                                                          
      • Latin America
        • Latin America Banking and Financial Smart Cards Market, By Type
        • Latin America Banking and Financial Smart Cards Market, By Application
        • Latin America Banking and Financial Smart Cards Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Banking and Financial Smart Cards Market, By Type
        • Middle East & Africa Banking and Financial Smart Cards Market, By Application
        • Middle East & Africa Banking and Financial Smart Cards Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

        • Chipset Portfolio
        • Key Highlights
        • Financial Performance
  • Giesecke & Devrient
  • Morpho
  • Oberthur Technologies
  • American Express
  • CardLogix Corporation
  • MasterCard, Inc.
  • Visa, Inc.

 “*” marked represents similar segmentation in other categories in the respective section

Global Banking And Financial Smart Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  4. Global Banking and Financial Smart Cards Market, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Magnetic Stripe Card
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Chip Card
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Dual Interface Card
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Banking and Financial Smart Cards Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Commercial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Personal
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Banking and Financial Smart Cards Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
      • Gemalto NV
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • Giesecke & Devrient
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • Morpho
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • Oberthur Technologies
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • American Express
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • CardLogix Corporation
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • MasterCard, Inc.
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
      • Visa, Inc.
        • Company Overview
        • Type Portfolio
        • Key Highlights
        • Financial Overview
  9. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Banking and Financial Smart Cards Market is segmented into Type, Application, and Region.

Factors include the demand for secure and convenient transactions, advancements in contactless payment technology, and increasing adoption of smart cards in banking and finance, driving global growth.

Challenges include concerns about data security, potential card skimming threats, and the need for infrastructure upgrades, posing restraints on the global market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, CardLogix Corporation, and MasterCard, Inc.