The profiling enfolds key information of the companies which encompasses business overview. It also encompasses products and services, key financials and recent news.
Research Nester published a report titled “Transport Smart Card Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global transport smart card market in terms of market segmentation by card type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends with the growth of the market.
The global transport smart card market garner a substantial CAGR over the forecast period, i.e., 2022–2030. The market derived by end-user into telecommunication, government, retail, transport and others, out of which, the transport segment is anticipated to hold the largest share over the forecast period, owing to the increasing passenger footfall in mass rapid transits, including subways, metros, and others. In the United States, more than 10 billion people travelled using public transport on a weekly basis, in 2019.
The global transport smart card market grow on the back of increasing adoption of smart cards for travel, as they save money and time. Moreover, these cards are used for various purposes such as government ids, banking, and others. Increasing government initiatives to promote the use of transport smart cards to encourage a cashless economy boost market growth. Moreover, growing technological advancements and innovations boost market bodrum escort growth.
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Regionally, the global transport smart card market derived into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in the Asia Pacific region gain the highest CAGR over the forecast period, owing to the rising transportation industry backed by increasing population. Countries, such as Japan, and China, are promoting the use of transport smart cards in the public transport systems. In Japan, over 45% of the working class and 50% of the students use subways or buses, as a mode of travel. Moreover, initiatives by governments of developing countries, including, India, to develop a cashless economy, boost the market growth in the region.
The global transport smart card market is further classified on the basis of region as follows: .
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity AnalysisLatin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity AnalysisEurope (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity AnalysisAsia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis .
Our in-depth analysis of the global transport smart card market includes the following segments: .
By Card Type
Contact Smart CardsContactless Smart CardsHybrid Smart CardsOthers .
Increasing Innovation in Technology to Boost the Market Growth .
Increasing adoption of digitalization, and advancement in technology, among the masses, boost the demand for smart cards for transportation. These cards are cost-effective, and multi-functional, which boosts the market growth.
However, high initial cost of these cards operate as key restraint to the growth of the global transport smart card market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global transport smart card market which includes company profiling of Magicard Ltd, CardLogix Corporation, THALES Digital Solutions Inc., Ingenico Group S.A., CPI Card Group Inc., Infineon Technologies AG, Texas Instruments Incorporated, Giesecke+Devrient GmbH, American Express Company, and NXP Semiconductors. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global transport smart card market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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