Singapore Smart Card Market Report: Industry Size, Trends, Share, Demand, Regional Outlook, Key Players, Growth Analysis, & Forecast 2017-2025

Singapore Smart Card Market Outlook 2017-2025

Market Overview

Smart cards are of flexible plastic sized of the credit card that contains silicon integrated circuit chips to store and securely transact the data. Smart cards have multiple advantages from storing data to storing cash. MATSim (Multi-Agent Transport Simulation) is used in Singapore as one of the method to improve smart transportation system by collecting the data stored in the smart cards of the users. Smart card data is used for transport management at strategic, tactical and operational level. Thus smart cards are an important component in the era of IoT, which is in developing phase in Singapore. The establishment of smart cities and quick adaptation rate of the technologies are the major factor driving the growth of Singapore smart card market. Smart cards enable quick access and quick ID verification in multiple places such in transport system, payments, hotels and restaurants. The transforming economy of Singapore with the expansion of manufacturing industries, infrastructure industries and hospitality are major application areas of smart cards. Singapore has step up to become a smart nation and not only the smart cities. The Singapore is taking up full advantage of IT, IoT (internet of things), AI (artificial intelligence) and automation, thus opening up huge opportunities for Singapore smart card market to flourish. Goldstein Research analyst forecast that the Singapore smart card market is set to reach USD 14.26 billion by 2025, growing at a CAGR of 8.3% over the forecast period (2017-2025).

Singapore Smart Card Market Segmentation

By Card Type

• Contact Card
• Contactless Card
• Multi-Component Card

Contactless card accounted for the largest market share of 47.3% in 2017 of Singapore smart card market. Contactless card provides immense advantages over the other types that helps in quick access to different environment.

By Component

• Memory Based
• Microcontroller Based
• Magnetic Stripes

By Application

• Payment Transactions
• ID Verification
• Access Control

By End-User

• Banking Industry
• Hospitality Industry
• Healthcare Industry
• Manufacturing Industry
• Transportation Sector
• Laboratories
• Others

By Geography

• Northern Singapore {Market Share (%), Market Size (USD Billion)} Singapore Smart card Market
• Central Singapore {Market Share (%), Market Size (USD Billion)} Singapore Smart Card Market
• Eastern Singapore {Market Share (%), Market Size (USD Billion)} Singapore Smart Card Market
• Western Singapore {Market Share (%), Market Size (USD Billion)} Singapore Smart Card Market
• Southern Singapore {Market Share (%), Market Size (USD Billion)} Singapore Smart Card Market

Covered In This Singapore Smart Card Industry Report

The report covers the present ground scenario and the future growth prospects of the smart card market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Singapore region. Singapore smart card market is forecasted on the basis of smart card production supply and agricultural produce.

Singapore smart card Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Singapore smart card market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Singapore Smart card Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Singapore smart card market report comprises of the following companies as the key players: Sony, Infineon Technologies, NXP Semiconductors, Samsung Semiconductor, STMicroelectronics, Card Logix Corporation, Linxens, Cosolec PTE LTD, Gemalto Holdings PTE LTD, I-Works Solutions PTE LTD.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Singapore Smart Card Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for Singapore smart card market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Singapore smart card industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects