Contactless EMV Cards Market was valued at USD 20 Billion in 2022 and is projected to reach USD 45 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The global contactless EMV cards market was valued at approximately USD 16.5 billion in 2022 and is projected to reach around USD 30.7 billion by 2027. This growth reflects a robust compound annual growth rate (CAGR) of 13.5% during the forecast period. The increasing adoption of contactless payment solutions driven by consumer demand for fast and secure transactions has been a significant factor in this expansion. Additionally, technological advancements in payment processing and heightened security features embedded in EMV cards have further contributed to the market's upward trajectory.
Emerging markets present substantial opportunities for the contactless EMV cards sector. As developing economies modernize their financial infrastructure and enhance their digital payment ecosystems, there is a notable increase in demand for contactless payment solutions. This trend is particularly evident in regions with growing urban populations and expanding middle classes. Furthermore, government initiatives aimed at promoting financial inclusion and the rise in smartphone penetration are likely to drive further adoption of contactless EMV cards, presenting lucrative prospects for market growth in these emerging regions.
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Gemalto
NXP
Infineon
Giesecke & Devrient
Oberthur Technologies
ABnote
Safran
Watchdata
American Express
Bell ID
CardLogix
HID Global
MasterCard
Visa
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Contactless EMV Cards Market
Healthcare
Government IDs (e-passports)
Retail Sectors
Others
Based on Types the Market is categorized into Below types that held the largest Contactless EMV Cards market share In 2023.
RF ID Contactless EMV Cards
RF IC Contactless EMV Cards
RF CPU Contactless EMV Cards
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Contactless EMV Cards Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Contactless EMV Cards Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Contactless EMV Cards Market, By Type
6. Global Contactless EMV Cards Market, By Application
7. Global Contactless EMV Cards Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Contactless EMV Cards Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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