The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Also, the EMV cards market analysis report includes information on upcoming trends and challenges that will influence market growth. 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 market vendors that include ABCorp., CPI Card Group Inc., Fiserv Inc., Giesecke + Devrient GmbH, Goldpac Group Ltd., IDEMIA France SAS, IdentiSys Inc., Perfect Plastic Printing, Thales Group, and Valid SA. Our report on EMV cards market covers the following areas: Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Also, adoption of inorganic growth strategies and preference for dual-interface EMV cards will lead to sizable demand in the market. This study identifies the advent of biometric EMV cards as one of the prime reasons driving the EMV cards market growth during the next few years. Technavio's EMV cards market is segmented as below:
The EMV cards market analysis includes technology segment and geographical landscapes. In addition, need to comply with regulations related to EMV is anticipated to boost the growth of the market as well. The market is driven by the need to comply with regulations related to EMV, increasing number of cashless transactions, and benefits of EMV cards. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Our report on EMV cards market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Technavio has been monitoring the EMV cards market and it is poised to grow by $ 978.55 mn during 2021-2025 progressing at a CAGR of 7% during the forecast period.