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Roland Moreno patented the memory card in 1974.Д«y 1977, three commercial manufacturers, Bull CP8, SGS Thomson, and Schlumberger, started developing smart card products. The Mordor Intelligence market study, excluding readers and services, sizes the smart card market at USD 8.14B in 2019 and 11.50B by 2025.

Major smart card microprocessor vendors are Infineon Technologies, NXP Semiconductors, Samsung, and STMicroelectronics.

Prominent players in these markets are Gemalto (now part of THALES), Giesecke and Devrient, and IDEMIA (formerly Oberthur Technologies and Morpho), to name a few.

The Asia Pacific is forecast to take the largest share of the market, as reported by the same study. In addition, consulting, support, and maintenance services are also crucial.

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The related market for software comprises management system software and databases. Eurosmart recorded a 4% decrease.ДЄccording to Markets and Markets' recent research report, the smart card market value is expected to reach $21.57 billion by 2023.Д¬urrently, smart cards and card readers account for more than 75% of the market. Lower demand for smartphones but increased need for connectivity stabilized the market in 2021.Covid-19 boosted contactless payments, positively impacting the contactless market.

The contactless interface has become the leading choice for financial services and governments.

Industrial IoT (SIMs) experienced an +18% growth.

72% of cards shipped in 2021 were contactless.

According to Eurosmart, financial services (+1,6%) were impacted by market drops in smart credit cards, retail, and co-branded cards but boosted by contactless.

The 2021 numbers are still lower than the 2019 ones. The demand for new I.D.s and passports was high.

The government and the healthcare segments also visibly grew in 2021 with a +13% increase.

The device manufacturer segment (OEM) was somewhat dynamic, with a +4% growth in 2021.

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The technology contributes to road safety as a driver's license or a tachograph card.

As a National eID card, smart health card,В residence permit, or electronic passport, smart card technology offers more robust identification and authentication tools for both authorities' and citizens' benefits.

As an access-control device, smart cards ( company badges, university I.D.s) make personal and business data available only to the appropriate users.

SIM cards facilitate billions of conversations that connect our social and economic worlds.

Smart credit cards mediate daily transactions worth trillions of dollars.

In the last three decades, these tools, more than any other technology, have quietly taken us all into a virtual world. The smart card has a microprocessor or memory chip with the processing power to serve many different applications when coupled with a smart card reader.

It's is estimated that between 30 to 50B smart cards are in circulation today.

In the form of credit cards and SIM cards, smart cardsВ are the most common form of I.T. 30 to 50B smart cards in circulation today The card reader (or mobile phone) brings the 3V or 1.8 voltage to activate the chip. It's used with a contact or contactless card reader (POS for payments, at the ATM, or even on your mobile phone). The circular metal contact is vital to connect to the chip below and activate the card electrically. It integrates a microprocessor, some memory, and some apps.

#Transform credit reviews portable

Let's start with a definition: a smart card is a small portable computer, usually the size of a credit card, without a display and a keyboard.