Industry Background:
Dual Interface IC Card refers to the credit or debit card which facilitate both contact and contactless transactions. Dual Interface IC Card market has high growth prospects owing to increasing applications in the BFSI, government and healthcare, transportation, retail, and industries. Further, upgradation of card terminal suitable for both contact and contactless transaction and increasing demand for the dual interface IC card from the emerging economies expected to drive the demand for dual interface IC card over the forecasted period.This growth is primarily driven by Rising Adoption of Dual Interface IC Card in the Transportation, BFSI, and Other Industries and Increasing Demand for Contactless Dual Interface IC Card to Speed up Checkout Process.
Globally, a noticeable market trend is evident Emphasizing On Upgradation of Card Terminal Suitable For both Contact and Contactless Dual Interface IC Card. Major Players, such as NBS Technologies, Inc. (Canada), Entrust Datacard (United States), NXP Semiconductors (Netherland), Infineon Technologies (Germany), Atmel Corporation (United States), Infineon Technologies (Germany), UniGroup Guoxin (China), Gemalto (Netherland) and Giesecke & Devrient (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rising Adoption of Dual Interface IC Card in the Transportation, BFSI, and Other Industries
- Increasing Demand for Contactless Dual Interface IC Card to Speed up Checkout Process
Market Trend
- Emphasizing On Upgradation of Card Terminal Suitable For both Contact and Contactless Dual Interface IC Card
Restraints
- High Costs of Dual Interface IC Card
- Security Threat Associated With Contactless Dual Interface IC Card
Opportunities
Growing Usage of Contactless Dual Interface IC Card in Retail Sector and Rising Demand for Contactless Dual Interface IC Card from the Developing Countries
Challenges
Growing Adoption of Mobile Wallets and Lack of EPOS Terminals for Contactless Dual Interface IC Card in Emerging Countries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dual Interface IC Card Study Sheds Light on
The Dual Interface IC Card Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Dual Interface IC Card industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dual Interface IC Card industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.