Evaluation and Market Development:
EVM Card Market size was valued at USD 15.08 Bn. in 2023 and the total EVM Card revenue is expected to grow at a CAGR of 4.2% from 2024 to 2030, reaching nearly USD 20.12 Bn.
EVM Card Market Scope and Methodology:
The EVM Card Market Report provides a complete analysis of the “EVM Card Market” industry, which includes a thorough analysis of the market highlights, assisting clients in exploring opportunities and developing market strategies. The scope of the report comprises an in-depth examination of market trends, drivers, challenges, and opportunities in various sectors. The research methodology involves extensive data collection from primary sources like interviews with industry experts, secondary sources like market databases, and thorough quantitative analysis.
The EVM Card market report provides that the and EVM Card are the segments used to analyze the EVM Card market and to determine the aspects that have both positive and negative effects on the growth of the market. The report assesses the market size, growth projections, and regional variations in the EVM Card market. It explores emerging technologies and innovations in EVM Card management. This report serves as a valuable resource for stakeholders in the EVM Card industry, including providers, manufacturers, and companies, offering insights to make informed decisions and investments in this critical sector.
Setting Up the Market for EVM Card :
by Type
Debit Card
Credit Card
By Type, the Debit Card segment dominated the global EVM card market with a market share of 62% in 2023 and is expected to grow at a CAGR of 4.7% during the forecast period. As a banking product, debit cards have gained in popularity over recent years, with more and more consumers swiping. In India, the total number of debit cards in circulation as on November 2017 was 731,332,595 and this grew to 805,522,146 as on August 2018, thereby registering about 109% growth. Consequent growth in rupee value was 2,492,721.70 Mn (November 2017), as against 2,759,761.00 Mn (August 2018), which is a jump of 109.67%. Thanks to the advantages given by the debit card services, the segment is expected to witness significant growth during the forecast period.
by Brand
Euro pay
Visa
MasterCard
Other
by Interface
Contact
Contactless
Dual
By Interface, the Contactless segment held the largest market share of 55% and dominated the global EVM card in 2023. The segment is expected to maintain its dominance by holding a market share of 59% by 2030. A contactless smart card has an integrated smart card secure microcontroller or comparable intelligence, internal memory, and a tiny antenna; it connects with devices through a contactless radio frequency (RF) interface. Radio-frequency identification (RFID) or near-field communication (NFC) communication technologies are generally utilized for contactless smart card applications.
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
By Application, the BSFI segment held the largest market share of the global EVM card market at 36.45% in 2023 and is expected to maintain its dominance by 2029. The adoption of EVM cards in BFSI provides a variety of benefits, including personal data security and secure data transfers. Thus, the segment is expected to witness a significant growth rate during the forecast period. Additionally, in the BFSI sector, EVM cards are used for payment as credit or debit cards, access control cards, and authentication cards. They may be used as electronic wallets by putting monies into the EVM card, which can then be transferred to a vending machine or an account using cryptographic protocols. For a long time, the banking sector has seen the benefits of magnetic stripe card technology and has transitioned to memory chips or microprocessors on card technology.
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EVM Card Market Regional Insights:
The region dominated the EVM Card market and is expected to witness significant growth during the forecast period. The market status of various regions and countries is included in the report. The regions segmented for the EVM Card market are North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Leading Entities in the EVM Card Market Sector
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
List of Contents : EVM Card Market
Part 01: Executive Summary
Part 02: Scope of the EVM Card Market Report
Part 03: EVM Card Market Landscape
Part 04: EVM Card Market Sizing
Part 05: EVM Card Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
For more details about the study, please go here:https://www.maximizemarketresearch.com/request-sample/103491
Key questions answered in the EVM Card Market are:
- What is EVM Card ?
- What was the EVM Card market size in 2023?
- What is the growth rate of the EVM Card Market?
- Which are the factors expected to drive the EVM Card market growth?
- What are the different segments of the EVM Card Market?
- What growth strategies are the players considering to increase their presence in EVM Card ?
- What are the upcoming industry applications and trends for the EVM Card Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the EVM Card Market?
- Who are the leading companies and what are their portfolios in EVM Card Market?
- What segments are covered in the EVM Card Market?
- Who are the key players in the EVM Card market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)a
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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