Smart Card Market Share, Size, Analysis & Forecast (2022-27)
Market Overview: Over the forecast period, the smart card market is expected to expand at a CAGR of 5.4%. The main drivers of the smart card market’s expansion are rising digitalization, rising online shopping demand, demand for healthcare, and access control applications. Smart cards offer ways to authenticate and securely identify the cardholder and other parties who need access to the card. For instance, a cardholder can authenticate using biometric information or a PIN code. Smart cards also give users a way to encrypt communications and store data securely on the card. Scope of the Report: The study takes into account both contact-based (products that can be activated or authenticated when the smart card is within range of authenticating hardware) and contactless (products that can be activated or authenticated when the smart card is in contact with secure element readers or relevant hardware) smart card products. The contact-based and contact-less types, end-user verticals ...