Global Smart Card IC Market 2017-2021 with Infineon Technologies, NXP Semiconductors, Samsung & STMicroelectronics Dominating

DUBLIN, November 9, 2017 /PRNewswire/ --

The "Global Smart Card IC Market 2017-2021" report has been added to Research and Markets' offering.

The global smart card IC market to grow at a CAGR of 8.22% during the period 2017-2021.

Global Smart Card IC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is increase in number of financial frauds. The major driver for the global smart card IC market is the increasing number of financial across several countries. Most debit and credit cards use magnetic tapes to store data. These magnetic tapes are easily tampered, leading to insecure monetary transactions and monetary loss for users. Magnetic stripe cards can be subjected to frauds like card skimming. Card skimming is a technique wherein the details of the customer are stolen from the magnetic strip on the cards. This information can be used to forge duplicate cards and hence be used to make fraudulent transactions.

One trend in the market is SIM cards for M2M communication. An M2M SIM card is the technology that allows devices and machines to communicate with each other. In simpler terms, it is a SIM card that has been designed for machine use. Devices need to be equipped with interchangeable protocols that are necessary to receive and send data between devices.

Further, the report states that one challenge in the market is growth of net banking and mobile wallets. The growth of the online marketplace has compelled customers to opt for net banking and mobile wallets. Customers find net banking convenient and safe to transfer money online. Multiple users find it convenient to transfer money online using internet banking, as it is the safest way to make transactions. Banks provide these services with high levels of security, and most of B2B transactions are done through the internet banking at present. Several large companies use online payment methods to make bank transfers and not cards to make a payment.

Key Market Trends

• SIM cards for M2M communication
• Integration of biometrics into smart card ICs
• Growth of advanced POS systems
• Growth of 5G communications
• Competitive scenario

Key vendors

• Infineon Technologies
• NXP Semiconductors
• SAMSUNG
• STMicroelectronics

Other prominent vendors

• Atmel
• EM Microelectronic-Marin
• ON Semiconductor
• Renesas Electronics
• Shanghai HuaHong Integrated Circuit

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Segmentation By Microprocessor Architecture

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/ffgh82/global_smart_card

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-smart-card-ic-market-2017-2021-with-infineon-technologies-nxp-semiconductors-samsung--stmicroelectronics-dominating-300553097.html

SOURCE Research and Markets