Instant Issuance Devices Market Scope
Instant issuance devices are used in the issuance process of credit or debit cards and provide activation on the spot for immediate utilization. The device is essential for financial institutions and banks which allows them to manage customers on time and efficiently without delaying the process. It delivers effective customer service by personalizing the whole issuance operations. Instant issuance devices include a multi-hopper kiosk, lasers desktop, embossers, printers, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Thales Group (France), NBS Technologies (Canada), IDEMIA (France), Matica Technologies Group (Switzerland), HID Global (United States), Entrust Corp. (United States), ABCorp. (United States), Evolis (France), CubeIQ Ltd. (Greece) and Giesecke+Devrient GmbH (Germany) |
CAGR | 10.1% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Thales Group (France), NBS Technologies (Canada), IDEMIA (France), Matica Technologies Group (Switzerland), HID Global (United States), Entrust Corp. (United States), ABCorp. (United States), Evolis (France), CubeIQ Ltd. (Greece) and Giesecke+Devrient GmbH (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Instant Issuance Devices market by Type , by Application (Debit Cards and Credit Cards) and Region with country level break-up.
On the basis of geography, the market of Instant Issuance Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 8th December 2020, IDEMIA expands its footprint in the Middle East with the acquisition of PCARD. Saudi Arabia has evolved rapidly in the last few years, attracting international players to collaborate with local experts to localize global technology in the Kingdom for their needs. The acquisition of PCARD is highlighting IDEMIA’s longstanding belief in the economy of Saudi Arabia and the huge potential for growth in electronic payments.
On 20th April 2021, Apto Payments, a next-generation cards and payments company, today announced the launch of its Instant Issuance platform, a self-serve, developer platform that allows companies, merchants, financial institutions, and businesses of all sizes and industries to issue debit cards. With Instant Issuance, card programs for challenger banks, employee payroll, rewards and loyalty programs, and many other use cases can be built with just a few hours of development.
Influencing Trend:
Integration of Advanced technology in Instant Issuance Devices
Market Growth Drivers:
Growing Demand for the Automation in Banking and Financial Institutions with Increasing Digitalization and Demand or te Effective and Less Time-Consuming Instant Issuance Service to Customers
Challenges:
Requirement of Enough Knowledge to Operate Instant Issuance Devices
Restraints:
Privacy and Data Security Related Risks Associated with Instant Issuance Devices
Opportunities:
Surging Speningds of Banks in its Customer Service Offerings and Continuous Technological Advancements in the Instant Issuance Devices
Key Target Audience
Instant Issuance Devices Manufacturers, Instant Issuance Devices International Traders, Instant Issuance Devices Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others