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2020-09-01
716
Singapore
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 Market Intelligence analyst forecast that the Singapore smart card market is set to grow at a CAGR of 8.3% over the forecast period (2017-2030).
By Card Type
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
By Application
By End-User
By Geography
The report covers the present ground scenario and the future growth prospects of the smart card market for 2017-2030 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 2017-2030, 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.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Singapore Smart Card Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Singapore smart card market report comprises of the following companies as the key players:
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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