EMV is a global payment industry specification called after the three companies that developed it: Europay, MasterCard, and Visa. The EMV specifications are concerned with the secure interoperability of chip-based payment applications and payment terminals. EMV (Europay, Mastercard, and Visa) cards are smart cards, also known as chip cards, integrated circuit cards, or IC cards, that store data on integrated circuit chips as well as magnetic stripes for backward compatibility. Cards that require be physically inserted or "dipped" into a reader are included, as are contactless cards that may be read over a short distance using near-field communication technology.
EVM Card Market Overview:
For the industries EVM Card Market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
The worldwide EVM Card Market's growth reasons, as well as the market's many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.
EVM Card Market size was valued at USD 14.48 Bn. in 2022 and the total EVM Card revenue is expected to grow at a CAGR of 4.2% from 2023 to 2029, reaching nearly USD 19.31 Bn.
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EVM Card Market Scope:
Our crew gathers market information and data from a variety of sources in order to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic data.
The competitive landscape for the EVM Card Market gives information by a competitor. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and EVM Card th, application domination are all contained in the details. The data points shown above are only linked to the firms' concentration on the window sensors industry.
EVM Card Market Drivers:
A cashless economy is one in which there is no cash movement and all transactions are carried out through electronic media channels. Digital transactions improve transparency, precision, and accountability. It allows the individual to transact whenever and wherever he or she wants. As a result, governments all over the world are promoting cashless economies through the use of ICT. Governments are making various efforts to modernise the payment procedure.
EVM Card Market Segmentation:
by Type
Debit Card
Credit Card
by Brand Euro pay
Visa
MasterCard
Other
by Interface
Contact
Contactless
Dual
by Functionality
Transaction
Communication
Security Access Control
by Application BFSI
IT Telecommunication
Government
Food Groceries
Health Pharmacy
Restaurants Bars
Consumer Electronics
Shopping Malls Retail
Media Entertainment
Travel Tourism
Others
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Key Players: The key players are
1. American Express
2. CardLogix Corporation
3. CPI Card Group Inc.
4. Equinox Payments
5. Giesecke + Devrient GmBH
6. HID Global Corporation
7. IDEMIA, Infineon Technologies AG
8. JPMorgan Chase Co.
9. NCR Corporation
10. Perfect Plastic Printing
11. Samsung
12. Thales
13. VeriFone
14. Versatile Card Technology Pvt. Ltd.
15. Mastercard
16. Visa Inc.
17. ABCorp
18. CPI Card Group
19. Gem alto
20. Giesecke Devrient
21. Morpho (Safran)
22. Oberthur Technologies
23. Versatile Card Technology Ingenico
24. PAX Technology
25. SZZT Technology
26. ATOS World line
27. Cyber Net
28. Equinox
29. Fiserv Inc.
30. Keycorp
31. NCR
32. Spire Payments
33. Hengbao
34. Watch data systems Co. Ltd
35. Gold Pac
Regional Analysis:
A country-level study of the EVM Card Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the EVM Card Market study.
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COVID-19 Impact Analysis on EVM Card Market: The report covers COVID-19 impact on EVM Card market.
Key Questions Answered in the EVM Card Market Report are:
- What will be the CAGR of the EVM Card market during the forecast period?
- Which segment emerged as the leading segment in the EVM Card market?
- Which are the prominent players in the EVM Card market?
- What will be the EVM Card market size by 2027?
- Which company held the largest share in the EVM Card market?
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