Smart Card Market Trends, Emerging Audience, Segments, Profits and Competitor Landscape | Impact of COVID-19
Market Snapshot The application area of integrated circuit technology has advanced from electronic devices to compact cards that can accumulate and retrieve important information using computer systems. Smart cards are pocket-sized cards embedded with integrated circuit chip and majorly used for authentication, application processing, personal identification, and data storage. Currently, the global Smart Card Market Forecast is anticipated to expand at a significant growth rate in the forthcoming years. The widespread application of smart cards in retail, healthcare, hospitality and government sector are majorly driving the global smart cards market. The conversion of conventional debit and credit cards into smart cards have made payment options and financial transactions easier and more convenient for users. Increasing adoption of smart cards in government IDs (e-passports) and also to manage and maintain the credentials of the users as well as extensive use of smart cards in subscr