Dublin, July 25, 2024 (GLOBE NEWSWIRE) -- The "EMV Cards - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for EMV Cards is estimated at US$4.0 Billion in 2023 and is projected to reach US$6.3 Billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Beijing Watchdata Co. Ltd., dz Card (International) Ltd., EMVCo, LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the EMV card market is driven by several factors, including increasing concerns over card fraud, regulatory mandates, and technological advancements. The rising incidence of data breaches and fraudulent activities has heightened the demand for more secure payment methods, with EMV cards offering a proven solution. Regulatory bodies in various regions have implemented policies that require the adoption of EMV technology, accelerating its deployment among financial institutions and merchants.
Technological advancements, such as the development of contactless payment capabilities and enhanced card functionalities, have also spurred market growth. Consumer behavior plays a crucial role, with a growing preference for secure and convenient payment methods driving the demand for EMV cards. Additionally, the expansion of digital and e-commerce transactions has necessitated robust payment security, further promoting the adoption of EMV technology. These factors collectively underpin the rapid growth and widespread acceptance of EMV cards in the global payment landscape.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Contactless Cards segment, which is expected to reach US$3.9 Billion by 2030 with a CAGR of a 7.9%. The Contact-based Cards segment is also set to grow at 4.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Billion in 2023, and China, forecasted to grow at an impressive 10.2% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global EMV Cards Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global EMV Cards Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global EMV Cards Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 54 Featured):
- Beijing Watchdata Co. Ltd.
- dz Card (International) Ltd.
- EMVCo, LLC
- Fiserv, Inc.
- Giesecke+Devrient GmbH
- Goldpac Group
- IDEMIA Group
- Mastercard Inc.
- M-Tech Innovations Ltd.
- NCR Voyix Corporation
- Perfect Plastic Printing Corp
- Seshaasai Business Forms Pvt. Ltd.
- Thales Group
- Toppan Gravity
- Versatile Card Technology Pvt. Ltd.
- Wuhan Tianyu Information Industry Co. Ltd.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 285 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $4 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- EMV Cards - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Demand for Secure Payment Solutions Drives Market Growth
- Rising Incidence of Card Fraud Expands Market Opportunities
- Technological Advancements in EMV Chip Technology Propel Market
- Focus on Enhancing Transaction Security Strengthens Business Case
- Growing Use in Contactless Payments Spurs Innovation
- Emphasis on Cardholder Convenience Enhances Product Appeal
- Expansion of E-Commerce and Online Transactions Sustains Demand
- Integration with Digital Wallets and Mobile Payments Expands Addressable Market
- Increasing Investment in Payment Security Infrastructure Drives Adoption
- Focus on Compliance with EMV Standards Propels Market Growth
- Rising Use in Banking and Financial Services Generates Demand
- Focus on Cost-Effective and Scalable Card Solutions Enhances Market Position
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6pn4c5
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