Smart Card IC Market- Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2025 The elevated popularity of cashless payments is one of the major factors contributing to the growth of this market. The popularity of digitalization and wide adoption of contactless EMV cards are another factors propelling the growth of smart card IC market, globally.
Get PDF with Technological trends at https://www.xpodenceresearch.com/RequestSample/105752 As per this research analysis, growing penetration of mobile internet has boosted the use of payments using mobile phones and tablets, which in turn, will increase the demand for smart EMV cards. The rise of e-commerce and m-commerce segments has accelerated the need for cashless transactions which are carried out through credit or debit cards. Such requirements increase the utility of EMV smart cards, subsequently driving the market for smart card ICs. However, increase in payment card-related frauds coupled with the issues related to supply chain has is expected to hamper the growth of this market. In addition, sluggish rate of adoption of EMV POS terminals is another factor that restricts the growth of this market. The market is being dominated by the regions like EMEA and APAC regions. The mounting use of existing models like portable SIMs in wearable devices, smartphones, and tablets due to boost in the IoT and M2M communications will further boost the growth of this market in the coming years.
Obtain Report Details with technological advancement at https://www.xpodenceresearch.com/Reports/Smart-Card-IC-Market The global smart card IC sales market can be segmented on the basis of application and region. On the basis of application, the global smart card IC sales market can be segmented into telecom, payment card manufacturers, government and transportation. On the basis of region, the global smart card IC sales market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacifc, and Latin America. Some of the key players in the global smart card IC market include Infneon Technologies AG, NXP Semiconductors N.V., Samsung Semiconductor, Inc., STMicroelectronics and Shanghai Huahong Integrated Circuit Co., Ltd. About Us: Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research frms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from diferent market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.