The latest report on Contactless Smart Card Market by Infinium Global Research gives complete coverage of the Contactless Smart Card Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Contactless Smart Card such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Increased Use of Electronic Purses, Need to Reduce Identity Duplication
The global contactless smart card market was sized over USD 2.06 billion in 2016. The global contactless smart card market is projected to grow with a CAGR of 35.3% during 2018-2024. User-friendly interface, increased use of electronic purses, need to reduce identity duplication, and demand for tamper-resistant systems remains the key factor driving the growth of global contactless smart card market.
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Growing Adoption of Smart Cards, Increased Popularity of E-Commerce
Moreover, lack of awareness, high implementation costs, complexity of technology and growing price-based competition are the key factors restraining the growth of this market. Growing adoption of smart cards, increased popularity of e-commerce is likely to bring more opportunities to this market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Contactless Smart Card.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.