EVM Card Market 2024-2030: Shaping the Landscape of Contactless Payment Solutions

EVM Card Market Introduction:

This EVM Card Market research examines current and emerging trends and dynamics on a worldwide basis in the level sensor industry. In-depth forecasting for key market segments from 2023 to 2029 is carried out, along with a thorough analysis of product positioning and the competitive framework in the EVM Card market. Key rivals are profiled, and their tactics are extensively evaluated, providing insights into the competitive landscape of the EVM Card market.

Impact of COVID-19:

The COVID-19 pandemic had a huge influence on the global EVM Card industry, with production facilities experiencing difficulties due to a global slowdown and staff shortages. This resulted in a long-term drop in production utilisation, travel bans, and facility closures. Despite these hurdles, the negative impact is expected to be brief, with the EVM Card market rebounding quickly by early 2021, driven by strong demand for EVM Card .

Exploration of the EVM Card Market Expansion and Evaluation:

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.

EVM Card Market Scope:

This research provides an up-to-date analysis of the current EVM Card industry landscape, focusing on recent developments, drivers, and the overall market environment. Increased demand for EVM Card has been identified as a key driver of market expansion. To provide a full picture of market dynamics, the study takes into account technology, end-user, type categories, and regional landscapes.

Drivers and Segmentation:

The analysis delves into the EVM Card market’s driving forces, with a focus on technology, end-users, and type categories. These insights lead to a more comprehensive grasp of the market’s potential. The segmentation enables a deeper analysis of numerous market segments, resulting in a more complete picture of the worldwide market landscape.

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Dividing the EVM Card Market:

by Type

Debit Card
Credit Card
by Brand Euro pay
Visa
MasterCard
Other

By Type, the Debit Card segment dominated the global EVM card market with a market share of 62% in 2022 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.
by Interface

Contact
Contactless
Dual

By Interface, the Contactless segment held the largest market share of 55% and dominated the global EVM card in 2022. The segment is expected to maintain its dominance by holding a market share of 59% by 2029. 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.
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 2022 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.

EVM Card Market Participants:

The market research study presents detailed quantitative information, providing a clear picture of the global market potential in many categories. Company profiles of prominent companies are explored, providing insight into their strategies and contributions to the EVM Card market.

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

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Section Heading: : EVM Card Industry

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

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EVM Card Market Analysis by Region:

The geography portion of the EVM Card market study contains factors influencing specific markets, as well as regulatory developments that affect present and future trends. Forecasting market scenarios uses indicators such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies. The presence and problems faced by global firms in various regions, including competition from local and domestic brands, are also taken into account.

Key Questions Answered:

The EVM Card market report addresses crucial questions:

Which segment emerged as the leading one in the EVM Card market?

Who are the key players shaping the EVM Card market?

What trends are likely to emerge in the EVM Card market in the coming years?

What will be the EVM Card market size by 2027?

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