EMV Payment Cards Market Insights 2021 : [123 Pages Report] EMV is a payment method based upon a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV originally stood for “Europay, Mastercard, and Visa”, the three companies which created the standard.

Key manufacturers of global EMV Payment Cards market include Gemalto, IDEMIA, Giesecke & Devrient and so on. In 2019, top 5 companies contributed a total sales market share of over 81%, among which Gemalto had 25% on its own.

In terms of region, Europe is the largest market in global range, with a market share of about 38% in 2019. Following Europe, Asia-Pacific and North America occupied about 28% and 27% of global market.

Market Analysis and Insights: Global EMV Payment Cards Market

In 2020, the global EMV Payment Cards market size was USD 6211380 million and it is expected to reach USD 7902610 million by the end of 2027, with a CAGR of 3.5% during 2021-2027.

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Leading key players of EMV Payment Cards Market are Gemalto, IDEMIA, Giesecke & Devrient, Perfect Plastic Printing, ABCorp, CPI Card, Tianyu, Goldpac, Hengbao, Watchdata Technologies, Valid, Kona I, Eastcompeace

The opportunities for EMV Payment Cards in recent future is the global demand for EMV Payment Cards Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to comes up between 2021 and 2027 compared to a few years ago, signifying the rapid pace of change.

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EMV Payment Cards Market Type Segment Analysis (Market size available for years 2021-2027, Consumption Volume, Average Price, Revenue, Market Share and Trend 2015-2027):

  • Fuel Card, Retail Store Card, Meal Voucher Card, Local Payment Schemes Card

The major factors that Influencing the growth of EMV Payment Cards market is the incresing use of EMV Payment Cards in UnionPay, Visa, Master Card, Amec, JCB, Discover Card, RuPay and other Industries

Regions that are expected to dominate the EMV Payment Cards market are North America, Europe, Asia-Pacific, South America, Middle East and Africa and others

If you have any question on this report or if you are looking for any specific Segment, Application, Region or any other custom requirements, then Connect with an expert for customization of Report.

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