Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Dual Interface Payment Card Market size is expected to reach $17.9 billion by 2028, rising at a market growth of 16.8% CAGR during the forecast period.
The Metal segment is showcasing a CAGR of 18.7% during (2022 - 2028). Due to their longevity compared to cards made of plastic, metal cards are becoming more popular, which explains the increase in demand. Additionally, metal cards are more expensive than plastic cards and are typically only given out to high-end clients by banks.
The Retail segment acquired maximum revenue share in the Global Dual Interface Payment Card Market by End-use in 2021 thereby, achieving a market value of $5.6 billion by 2028. In order to expedite their business processes and improve consumer satisfaction, several merchants around the world are implementing tap-and-go payment technology. Nearly 67 percent of businesses questioned had embraced contactless payment systems, and 58 percent of retailers accept contactless payment using cards, according to a State of Retail Payments report done by Forrester in 2020 for the National Retail Federation.
The North America market dominated the Global Dual Interface Payment Card Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 17.3% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 16.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thales Group S.A., IDEMIA SAS (Advent International, Inc.), CPI Card Group (Parallel49 Equity), Giesecke & Devrient GmbH, Watchdata Co., Ltd., Eastcompeace Technology Co., Ltd. (Potevio Group), Paragon Group Limited, Valid S.A., and Wuhan Tianyu Information Industry Co., Ltd.
By End Use
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