Empowering Transactions: Market Dynamics of the EVM Card Industry

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

EVM Card Market Overview:

This EVM Card market study looks at current and emerging industry trends and dynamics in the global EVM Card market. EVM Card Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive EVM Card market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide EVM Card market, key players are profiled and their strategies are thoroughly evaluated.

Market Scope:

The analysis contains a current examination of the present EVM Card market landscape, as well as the most recent trends and drivers, as well as an overview of the entire EVM Card market environment. Increased demand for EVM Card is driving the market. The EVM Card market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.

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Segmentation:

In terms of interface, the Contactless category dominated the global EVM card market in 2023 with the most market share of 55%. By 2030, the segment is anticipated to continue to dominate with a 59% market share. A contactless smart card communicates to devices via a contactless radio frequency (RF) interface and has an embedded smart card secure microcontroller or similar intelligence, internal memory, and a small antenna. For contactless smart card applications, radio-frequency identification (RFID) or near-field communication (NFC) communication technologies are typically used.

Key Players:

The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market's major influencing factors, as well as complete company profiles of

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

Regional Analysis:

Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the EVM Card market study. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.

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COVID-19 Impact Analysis on EVM Card Market:

The COVID-19 epidemic has had a significant impact on the global EVM Card industry. EVM Card Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the EVM Card market to decelerate in 2020. The negative impact of COVID-19 on the EVM Card market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for EVM Card.

Key Questions Answered in the EVM Card Market Report are: