PUBLISHER: Value Market Research | PRODUCT CODE: 1352880
PUBLISHER: Value Market Research | PRODUCT CODE: 1352880
The global demand for Dual Interface Payment Card Market is presumed to reach the market size of nearly USD 36.72 MN by 2030 from USD 9.56 BN in 2022 with a CAGR of 18.32% under the study period 2023 - 2030.
Dual interface payment card eliminates the need to carry two different types of cards. Dual interface payment card has a contactless chip and a magnetic stripe that can be used interchangeably for contactless payments or swipe with a store's card reader. Dual interface payment card can be used as a debit or credit card and can also be used as an ATM card. Dual interface payment cards find applications in industries such as telecommunication, BFSI, retail marketing, and numerous others.
The dual interface smart card market is anticipated to witness significant growth owing to technological advancements in the semiconductor and telecommunications sectors. Moreover, increasing demand for smartphones is expected to drive the expansion of the dual interface smart card market. Furthermore, the recent increase in focus on digital transactions, backed by numerous offers and gifts, has created multiple market opportunities for the dual interface smart card market. Also, improved card longevity drives the growth of dual interface payment cards. Additionally, technological advancements in the healthcare sector and increasing automation are expected to propel market growth. However, the high cost incurred for manufacturing the dual interface card is another factor expected to restrain the growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of dual interface payment card. The growth and trends of dual interface payment card industry provide a holistic approach to this study.
This section of the dual interface payment card market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Dual Interface Payment Card market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the dual interface payment card market include Thales Group, IDEMIA, VALID, Giesecke+Devrient GmbH, Eastcompeace Technology Co., Ltd., DATANG, Paragon Group Limited, CPI Card Group Inc., Watchdata Co. Ltd., Wuhan Tianyu. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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