Fact.MR has published an exclusive forecast report for the dual interface smart card market for the period of 2020 and 2030. The foremost objective of this report on the dual interface smart card market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements. The study also addresses the key dynamics that are expected to diversify the sales and future prominence of the dual interface smart card market.
The report on the dual interface smart card market begins with an executive overview, in which product definition has been provided. The report further proceeds with the taxonomy of the dual interface smart card market, elaborating on key segments.
The report also outlines visionary insights on the dynamics of the dual interface smart card market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for dual interface smart cards. Supply chain analysis and pricing analysis of the market along with the difference between dual interface smart cards used as per application has also been included in the report to help readers clearly understand the product framework map of the global dual interface smart card market.
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Dual Interface Smart Card Market Insights
The global dual interface smart card market is expected to witness tremendous growth, owing to high technological advancements in the fields of semiconductors and telecommunications. Dual interface smart cards find application in industries such as telecommunication, BFSI, retail marketing, and numerous others.
The advancing the semiconductor industry and focus towards innovation have given a boost to already increasing popularity of dual interface smart cards. Contactless smart cards with enabled Wi-Fi module transaction are among the best examples of innovation with respect to these cards. Furthermore, increasing focus on digital transactions, backed by numerous offers and gifts, has also resulted in creating numerous growth opportunities for the dual interface smart card market in the recent past.
Dual interface smart cards with embedded semiconductor chips help in the transmission of data with more security by 128 or 64 bit encryption technology, depending on the type of application and semiconductor chip used. Increasing demand for smartphones is expected to drive the expansion of the dual interface smart card market size during the forecast period (2020-2030).
Technological advancements in the healthcare industry and increasing automation in this industry are expected to further propel market growth. The launch of Next Generation Networks (NGNs) and implementation of Internet of Thing (IoT) will aid market growth, as an aftereffect of increasing demand for numerous applications such as assets biotechnology, smart cities, smart grids, smart stadiums, and connected cars.
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Dual Interface Smart Card Market: Segmentation
Fact.MR has studied the dual interface smart card market with detailed segmentation on the basis of substrate, embedded chip, operating system, application, and region.
Substrate
- PVC
- Composite
- PC Paper
- Teslin/ Synthetic Paper
- Others
Embedded Chip
- Microprocessors
- I2C Straight Memory Cards
- Stored Value Memory Cards
- Protected Segment Memory Cards
- Serial Data Flash
Operating System
- Fixed File Structure
- Dynamic Application System
Application
- SIM Cards and Telecommunications
- Loyalty and Stored Value
- Securing Digital Content and Physical Assets
- e-Commerce
- Bank Issued Smart Cards
- Healthcare Informatics
- Embedded Medical Device Control
- Enterprise and Network Security
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Dual Interface Smart Card Manufacturers: Key Players Focusing on Product Portfolio Expansion
Prominent players in the dual interface smart card landscape are focusing on the expansion of their product lines to meet the rising demand associated with different applications and segments. In addition to product portfolio expansion, key players are also investing large amounts of money for research & development activities in order to provide cards with more memory capability and high levels of data encryption.
Besides this, key players are also entering into long-term collaborations with end-use industries and raw material suppliers to establish their presence in regional as well as the global market. For instance, INDEX Biometrics SA launched TrustedBioTM in order to reduce biometric smart card cost with improved performance and security.
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