Global IC Card Market Poised for Staggering Growth as Contactless Payments Gain Traction

ALBANY, N.Y. - Oct. 20, 2016 - PRLog -- Market Research Hub announces the addition of a new market study to its database. The report, titled, "Global IC Card Market Research Report 2021" offers market analysis, forecast, and commentary on the global IC card and contactless transactions around the globe. An in-depth analysis on the Global IC Card Market, market dynamics, and competitive scenario is also presented in the report.

Globally, IC cards are gaining traction among end-users as they offer a safe, convenient, and cashless mode of carrying out transactions. Cash payments have been declining consistently as new technologies like NFC and IC cards diminish the necessity of carrying cash. Due to this demand, manufacturers of IC cards are teaming up with some useful mobile applications, like SmartPass, Samsung Pay, Android Pay, and Apple Pay.

The report offers a holistic overview of the global IC cards market, and offers actionable insights on basic information, manufacturing base and competitors of the leading companies of global IC card manufacturer. This information can prove to be useful for stakeholders in this market, providing them inputs on successful strategies on increasing market share and overall revenues. Development policies and plans are discoursed, and a thorough analysis on manufacturing processes and cost structures is offered to readers. This report focuses on the leading IC card industry manufacturers providing information such as company profiles, product picture, production, revenue, cost, capacity and contact information.

This report focuses on top manufacturers of IC card in the global market and offers projections on sales, revenue, price, and market share. Some of the leading manufacturers profiled in the report include - ATMEL, American Express Company, Gemalto NV, STMicroelectronics, Atos SE (Societas Europaea), INSIDE Secure, Infineon Technologies AG, NXP Semiconductors N.V., Samsung Electronics, Ingenico Group, MicroChip, Texas Instruments Inc.

Geographically, the Global IC card market has been segmented into India, China, Japan, Southeast Asia, Europe and North America. Among these, India and China are likely emerge as the fastest growing markets for IC cards during the forecast period.  Projections on production, consumption, revenue, and market share and growth rate of IC card in above regions is offered in the report.

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On the basis of type, the report has segmented the IC card market into contact, contactless and dual-interface. Based on application, global IC card market is classified into banking, toll system, medical insurance, telecommunications, and public transport. It is expected that growing penetration of smartphones, tablets and, electronic devices will boost the adoption of IC cards in these sectors in the near future.