Global Card Personalization Services Market Overview:
Card personalization services involve the design., printing, and storing of cards. The card personalization depends on individual requirements such as financials, government, corporate or personal applications. The range of its services includes artwork services, digital PIN services, graphical personalization, fast card replacement services, and others in different types of cards like payments cards, identity cards, smart cards, etc. It also includes contact, contactless or dual interface cards with personalized designs.
Growth Drivers
- Advancements in the Financial & Payments Activities
- Growing Demand for the Customised Cards in Financial and Identity Management Solutions
Roadblocks
- Technology Related Risks Associated with Card Personalization Services
Opportunities
- Surging Availability of Online Card Personalization Services is creating new opportunities in the Market as it Increases Easy Access to the Card Customization
Challenges
- Complexity Involved with the Research of Designing a Personalized Interface Hindering the Card Personalization Services Market
Competitive Landscape:
Some of the key players profiled in the report are Thales Group (France), Variuscard GmbH (Austria), IDEMIA (France), CPS Cards (United States), Fiserv, Inc. (United States), X Infotech (Latvia), Atlantic Zeiser GmbH (Germany), PROCARD Sp. z o. o. (Poland), Buskro Ltd. (Canada), PayCore (Turkey) and Mellon Poland (Poland). Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Card Personalization Services market. Considering Market by Personalization Services, the sub-segment i.e. All-in-one Card Personalization will boost the Card Personalization Services market. Considering Market by Card, the sub-segment i.e. Payment Cards will boost the Card Personalization Services market.
Latest Market Insights:
On 24th August 2021, IDEMIA has been chosen by Handelsbanken as an outsourcing partner for their card personalization. IDEMIA´s cutting-edge technology in card personalization will be available for Handelsbanken customers, as well as future online services such as customer on-boarding mobile identity to activate a card or provide secure customer authentication by tapping the card on the phone.
On 25th August 2021, Swedish lender Handelsbanken has agreed to outsource all card personalization processes to French technology company IDEMIA. The move will provide Handelsbanken customers with access to IDEMIA’s card personalization technology. It will also include the provision of other online services such as customer on-boarding mobile identity to activate a card or secure customer authentication by tapping the card on the phone.
"In February 2019, the European Banking Authority (EBA) published the revised EBA Guidelines on outsourcing arrangements. The goal of the document is to provide financial institutions recommendations and guidance to properly manage the risk of outsourcing services and activities to third parties. Nevertheless, while the EBA Guidelines clearly exclude industrial activities such as the production of payment cards, the broad definition of an outsourced arrangement, has led some financial institutions to consider payment card personalization as an outsourced service falling in the scope of the EBA Guidelines."
What Can be Explored with the Card Personalization Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Card Personalization Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Card Personalization Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Card Personalization Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Card Personalization Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Card Personalization Services Providers, Card Personalization Services Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.