Philippines Smart Card Market 2017-2025: Industry Size, Share, Trends, Growth Rate, Key Players, Opportunities, Demand Analysis, Segmentation, Research Report, & Market Outlook

Philippines 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. Various companies have come up with smart card solution in Philippines such as beep cards from AF Payments Inc., which has huge application in transportation services. Smart cards are an important component in the era of IoT, which is in developing phase in Philippines. The quick adaptation rate of the technologies and establishment of smart cities are the major factor driving the growth of Philippines smart card market. Smart cards enable quick access and ID verification in multiple areas such in transport system, payments, hotels and restaurants. The transforming economy of Philippines with the expansion of infrastructure industries, manufacturing industries and hospitality are major application areas of smart cards. Moreover, the smart grid in Philippines (Nation Grid Corporation of Philippines) can be facilitated by the smart cards in electricity payments from the customer end and on the service provider end for controlling the access of persons in the restricted areas, as the ‘multiple component smart cards’ provides need-specific solutions like fingerprint sensor, rewritable magnetic stripes and others. Filipinos are frequently using the smart cards for online payments and mobile recharges, that are expected to continue the growth of the market. Goldstein Research analyst forecast that the Philippines smart card market is set to reach USD 4.3 billion by 2025, growing at a CAGR of 7.94% over the forecast period (2017-2025).

Philippines Smart Card Market Segmentation

By Card Type

• Contact Card
• Contactless Card
• Multi-Component Card

Contact card accounted for largest market share of 42.7% in 2017. But over the forecast period contactless card is expected to surpass the contact card market share due to the developing IoT environment in Philippines.

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

Covered In This Philippines Smart Card Market Report

The report covers the present ground scenario and the future growth prospects of Philippines 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 Philippines region. Philippines smart card market is forecasted on the basis of smart card production supply and agricultural produce.

Philippines 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 Philippines 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. “Philippines 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 Philippines smart card market report comprises of the following companies as the key players: Infineon Technologies, NXP Semiconductors, Samsung Semiconductor, STMicroelectronics, Smart Communications, Inc., AF Payments Inc.

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 Philippines 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 Philippines smart card market
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