The newly Contactless EMV Cards market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Contactless payments are simply payment transactions that require no physical contact between the consumer payment device and the physical point-of-sale (POS) terminal.
EMV chip technology is becoming the global standard for credit card and debit card payments. Named after its original developers (Europay, MasterCard® and Visa®), this technology features payment instruments (cards, mobile phones, etc.) with embedded microprocessor chips that store and protect cardholder data.
On the basis of products, the various types include t RF ID Contactless EMV Cards, RF IC Contactless EMV Cards, and RF CPU Contactless EMV Cards. On the basis of application, the Contactless EMV Cards is segmented into Healthcare, Government IDs (e-passports), Retail Sectors, and Others.
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Market Insights
According to a new research study, the Contactless EMV Cards market size is expected to reach USD xxxx million by 2026 from USD xxxx million in 2019, with a compound annual growth rate of xxxx% during the forecast period. The growth can be mainly attributed to the constantly increasing number of card transactions. The rapid urbanization in developing economies, such as China and India, are expected to drive the growth of the market. With the recovery of the global economy and the development of emerging powers, the Contactless EMV Cards market is endowed with a promising future.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Asia-Pacific was the largest market in 2018 and is expected to dominate the market during the forecast period, owing to the growing need to secure access to financial data and transactions.
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Competitive Players
The Contactless EMV Cards market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are American Express, MasterCard, Visa, Bell ID, and Infineon. Other prominent vendors in the market are NXP, ABnote, Giesecke & Devrient, Watchdata, HID Global, Safran, Oberthur Technologies, CardLogix, Gemalto, and others.
Target Audience for this Report
• Contactless EMV Cards manufacturers
• Contactless EMV Cards importers and exporters
• Contactless EMV Cards traders, distributors, and suppliers
• Raw material suppliers of Contactless EMV Cards
• Contactless EMV Cards industry associations
• Product managers, Contactless EMV Cards industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
• Government agencies and NGOs
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Key questions answered in the report
• What will the market size and growth rate be in 2026?
• What segment or region will drive or lead market growth and what are the reasons?
• How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
• What key strategies are used by top vendors to increase revenue?
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