About this market
Technavio's EMV cards market analysis considers sales from both contactless and contact EMV cards. Our report also provides a detailed analysis of the market in APAC, Europe, MEA, North America, and South America. In 2019, the contactless technology segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as convenience and limited time required for transactions will play a significant role in the contactless technology segment to maintain its market position. Also, our global EMV cards market report looks at factors such as the need to comply with regulations related to EMV, benefits of EMV cards, and the increasing number of cashless transactions. However, popularity of mobile payments, high costs of transitioning from existing card infrastructure, and vulnerabilities associated with EMV cards may hamper the growth of the EMV cards industry over the forecast period.
Benefits of EMV cards
EMV cards are gaining popularity because of their better transaction security, which is attributed to the use of embedded microprocessor smart chips. These cards support different types of payment transactions such as contact, contactless, and mobile. They also support offline transactions. Reduced terminal payment frauds and speedy transaction process have encouraged many merchants to opt for EMV payment terminals. This has resulted in the expansion of the global EMV cards market at a CAGR of over 6% during the forecast period.
Advent of biometric EMV cards
The advent of biometric EMV cards is one of the significant EMV cards market trends. This development is expected to have a positive impact on the overall market growth as manufacturers, card issuers, and payment network providers are continuously focusing on making transactions secure, fast, and reliable.
For the detailed list of factors that will drive the global EMV cards market during the forecast period 2020-2024, view our report.
With the presence of several major players, the global EMV cards market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading EMV cards manufacturers, that include American Banknote Corp., CPI Card Group Inc., Fiserv Inc., Giesecke+Devrient GmbH, Goldpac Group Ltd., IDEMIA, IdentiSys Inc., Perfect Plastic Printing Corp., Thales Group, and Valid Solucoes SA.
Also, the EMV cards market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Value chain analysis
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Methodology for market sizing and vendor selection
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- Contactless - Market size and forecast 2019-2024
- Contact - Market size and forecast 2019-2024
- Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Advent of biometric EMV cards
- Preference for dual-interface EMV cards
- Adoption of inorganic growth strategies
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- American Banknote Corp.
- CPI Card Group Inc.
- Fiserv Inc.
- Giesecke+Devrient GmbH
- Goldpac Group Ltd.
- IdentiSys Inc.
- Perfect Plastic Printing Corp.
- Thales Group
- Valid Solucoes SA
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO