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Smart Card Market 2020-2026; Growth Forecast & Industry Share Report


Selbyville, Delaware, United States, October 7 2020 (Wiredrelease) Global Market Insights, Inc –:The smart card market is expected to gain significant momentum in coming time as ongoing technological advancements and adoption of electronic payment methods keeps rising on a large scale. A smart card is a card like device comprising of an integrated circuit chip implanted on it. A smart card works by connecting it to a controller or host computer through a card reader, which retrieves information from the card and further passes the data along to the host computer or controller.
In terms of solution, the smart card market is bifurcated into smart card and smart card-reader.  The smart card segment is further categorized into product and type. ....

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Smart Card Market with COVID-19 Impact by Interface, Type, Functionality, Offering, Vertical, and Region


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The smart card market is projected to reach USD 16.9 billion by 2026 from USD 13.9 billion in 2021; it is expected to grow at a CAGR of 4.0% from 2021 to 2026.
Asia Pacific (APAC) is the largest market for smart cards. The robust financial system that is being increasingly digitized and government agencies incorporating smart chip-based systems for better monitoring of processes are propelling several APAC countries to adopt smart card solutions owing to increasing demand, specifically in the transportation, BFSI, retail, government, and healthcare sectors. Smart cards are used to purchase tickets in metros, buses, and ferries, among others, in several countries in APAC. ....

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