Plastic Cards Market Scope
Plastic cards, one of the important modes for electric money management, are the part of payment system. These cards are issued by financial institutions which enable cardholders to access the funds in designated bank account. Various names of plastic cards are ATM cards, Credit cards and Others. In the current scenario, favorable government initiatives in emerging countries such as Digital India push by GOI (Government of India) and Increasing adoption of e-Commerce services and cashless payments provides lucrative opportunity in the growth of the very market.
According to AMA, the Global Plastic Cards market is expected to see growth rate of 6.6% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Plastic Cards market throughout the predicted period.
Gemalto (Netherlands), Giesecke & Devrient (Germany), CPI Card Group (United States), American Banknote Corporation (United States), Inteligensa Group (United States), Perfect Plastic Printing Corporation (United States), Goldpac Group (Hong Kong), Marketing Card Technology (United States), TAG Systems SA (Andorra), QARTIS (Poland) and Tactilis (Singapore) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Arroweye Solutions (United States), CardLogix Corporation (United States), Toppan Printing (Japan) and IDEMIA (France).
Segmentation Overview
The study have segmented the market of Global Plastic Cards market , by Application (Payment Cards, Government/Health, SIM Cards, Transportation Cards, Gift Cards, Access Cards and Others) and Region with country level break-up.
On the basis of geography, the market of Plastic Cards 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).
Influencing Trend:
Contactless Interfaces to Boost Adoption of Smart Cards and Growing Demand for Identification Cards to Avail Government Facilities
Market Growth Drivers:
Surging Technological Advancement in Plastic cards in Developing and developed Countries, The increasing usage of financial cards and Soaring Growth in the Debit Card Sector
Challenges:
Security Related to Contactless Technology and Service Charge in Certain Cases
Restraints:
High Costs Involved in Deploying Epos Terminals and Increasing Adoption of Mobile Wallets Reducing the Demand for Plastic Cards
Opportunities:
Increasing Technological Developments in Developing and Developed Countries and Blockchain Technology Enhancing Security Features
Key Target Audience
Plastic Cards Manufacturers, Software Providers, Government Organisations, Private Firms and Others
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.