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Focus on security enhancement; implementation in smart cities; growing usage in the healthcare sector; and favourable government initiatives are the major trends impacting the Indian smart card market development February, 2024 StartupTN, with the support of the Tamil Nadu government, announced the . See moreThe market players are increasing their funding to gain a competitive edge in the Indian smart card market Infineon Technologies AG, . See moreNational Common Mobility Card (NCMC), or ‘One Nation One Card’ is an Indian government scheme which allows hassle-free travel in public transport throughout the country without . See more“Indian Smart Card Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments: Market Breakup by Application 1. . See more
India is experiencing an unparalleled surge in contactless smart card adoption, capturing over 57.1% revenue share of the Indian smart card market. Ultimately driven by the COVID-19 .India Smart Card Market size was estimated at USD 90.2 billion in 2023. During the forecast period between 2024 and 2030, India Smart Card Market size is projected to grow at a CAGR .
New Delhi, May 07, 2024 (GLOBE NEWSWIRE) -- Fueled by innovation and adoption, India's smart card market is flourishing. By 2032, the market is expected to reach a colossal US$ .
The India smart card market is estimated to witness nearly 18% gain during 2022 to 2028. Government organizations in the country are increasingly supporting the adoption of .The India smart card market is expected to grow at a CAGR of 19.10% over the forecast period. Factors driving the growth of the market are increasing demand for contactless cards, rising .According to SPER market research, ‘ India Smart Card Market Size- By Interface, By Type, By offering, By Functionality, By application-Regional Outlook, Competitive Strategies and .The Smart Card Market size is estimated at USD 18.69 billion in 2024, and is expected to reach USD 28.22 billion by 2029, growing at a CAGR of 8.59% during the forecast period (2024-2029).
Regional Analysis: By geography, the global smart card market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.The India smart card integrated circuit (IC) market is on the rise, driven by the growing need for secure and convenient identification and payment solutions. Smart cards with embedded ICs .The Indian smart card market is expected to grow at a 7.4% CAGR from 2024 to 2032, diversifying from telecom to sectors like finance and healthcare.India is experiencing an unparalleled surge in contactless smart card adoption, capturing over 57.1% revenue share of the Indian smart card market. Ultimately driven by the COVID-19 pandemic, this surge in smart card use was accelerated by consumer behavior and preferability to contactless payments with India having had 6 billion transactions .
India Smart Card Market size was estimated at USD 90.2 billion in 2023. During the forecast period between 2024 and 2030, India Smart Card Market size is projected to grow at a CAGR of 7.1% reaching a value of USD 145.6 billion by 2030.
New Delhi, May 07, 2024 (GLOBE NEWSWIRE) -- Fueled by innovation and adoption, India's smart card market is flourishing. By 2032, the market is expected to reach a colossal US$ 166.16.The India smart card market is estimated to witness nearly 18% gain during 2022 to 2028. Government organizations in the country are increasingly supporting the adoption of smart cards across several industry verticals.The India smart card market is expected to grow at a CAGR of 19.10% over the forecast period. Factors driving the growth of the market are increasing demand for contactless cards, rising number of banks offering digital payments and growing adoption of mobile wallets.According to SPER market research, ‘ India Smart Card Market Size- By Interface, By Type, By offering, By Functionality, By application-Regional Outlook, Competitive Strategies and Segment Forecast to 2033 state that the India smart card Market is predicted to reach USD XX billion by 2033 with a CAGR of 7.68%.
The Smart Card Market size is estimated at USD 18.69 billion in 2024, and is expected to reach USD 28.22 billion by 2029, growing at a CAGR of 8.59% during the forecast period (2024-2029).Regional Analysis: By geography, the global smart card market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.The India smart card integrated circuit (IC) market is on the rise, driven by the growing need for secure and convenient identification and payment solutions. Smart cards with embedded ICs find applications in banking, government services, healthcare, and transportation.The Indian smart card market is expected to grow at a 7.4% CAGR from 2024 to 2032, diversifying from telecom to sectors like finance and healthcare.
India is experiencing an unparalleled surge in contactless smart card adoption, capturing over 57.1% revenue share of the Indian smart card market. Ultimately driven by the COVID-19 pandemic, this surge in smart card use was accelerated by consumer behavior and preferability to contactless payments with India having had 6 billion transactions .India Smart Card Market size was estimated at USD 90.2 billion in 2023. During the forecast period between 2024 and 2030, India Smart Card Market size is projected to grow at a CAGR of 7.1% reaching a value of USD 145.6 billion by 2030.
New Delhi, May 07, 2024 (GLOBE NEWSWIRE) -- Fueled by innovation and adoption, India's smart card market is flourishing. By 2032, the market is expected to reach a colossal US$ 166.16.
The India smart card market is estimated to witness nearly 18% gain during 2022 to 2028. Government organizations in the country are increasingly supporting the adoption of smart cards across several industry verticals.
The India smart card market is expected to grow at a CAGR of 19.10% over the forecast period. Factors driving the growth of the market are increasing demand for contactless cards, rising number of banks offering digital payments and growing adoption of mobile wallets.
According to SPER market research, ‘ India Smart Card Market Size- By Interface, By Type, By offering, By Functionality, By application-Regional Outlook, Competitive Strategies and Segment Forecast to 2033 state that the India smart card Market is predicted to reach USD XX billion by 2033 with a CAGR of 7.68%.The Smart Card Market size is estimated at USD 18.69 billion in 2024, and is expected to reach USD 28.22 billion by 2029, growing at a CAGR of 8.59% during the forecast period (2024-2029).
Regional Analysis: By geography, the global smart card market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
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