Smart Card Technologies and Global Markets
The global market for smart card technologies reached $6.7 billion in 2016. This market is expected to increase from nearly $7.3 billion in 2017 to $11.0 billion in 2022 at a compound annual growth rate (CAGR) of 8.7% for 2017-2022.
- An overview of the global market for smart card security and technology.
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of CAGRs through 2022.
- Description of the various security technologies for smart cards to ensure the goal of keeping security assurance out of reach.
- Discussion on the continued expansion of smart card functions for their integration and use in mobility, the Internet of Things, and new payment and data management methods.
- A look at the opportunities for and obstacles to the capability of smart cards.
- Review of the use of smart cards as tools for identification and authentication, which in turn will raise new growth opportunities for manufacturers and service providers.
- Profiles of major players in the industry.
This report covers the global market for smart card technologies and regional analysis of North America, Latin America, Europe, the Middle East and Africa, and the Asia-Pacific region. Component segments include major smart card technologies, smart card types, platforms, protocols, standards and applications.
From a definition standpoint, this report includes sizing and forecasting for smart card technologies embedded into mobile devices, including subscriber identify modules (SIM), embedded SIM (eSIM), universal integrated circuit cards (UICC) and embedded UICC (eUICC), as well as traditional smart cards, such as national identity, company or government access control and consumer payment, and store or credit cards.
Michael Sullivan has been Senior Editor at BCC Research since 2014. He has pioneered the company's Information Technology (IFT) category and significantly expanded it to provide in depth coverage of new areas such as the technologies that underpin the burgeoning Internet of Things (IoT) markets. An author and journalist, he also writes market research reports in the categories of Environment, Healthcare, Information Technology, Instrumentation and Sensors and Security. He has an MBA from Boston University School of Management.
In 2011, 6.2 billion smart cards were shipped. It is estimated that smart card shipments are forecast to reach 6.8 billion in 2012 and 11.1 billion in 2017, increasing at a compound annual growth rate (CAGR) of 10.3% from 2012 to 2017.
Shipments of smart card units will grow at an AAGR of 23.7% from 2002 to 2007.
A notable success is the anticipated dominance for the JavaCard platform.
The financial sector rose to 595 million units in 2002, a 50.51 % increase from 2001.
In two to three years smart cards will be implemented in the flourishing national ID market.