Africa Smart Card Market (2021-2027) | Companies, COVID-19 IMPACT, Share, Growth, Size, Analysis, Outlook, Value, Trends, Forecast, Revenue & Industry

Africa Smart Card Market is driven by the factors such as varying trends across technologies and industries, markets for SIM, banking, and payment cards, which are heavily impacted by emerging technology trends such as near-field communication technologies, long term evolution, cloud-based services, and mobile payments. Furthermore, the need for identification cards to obtain government facilities, the future of blockchain technology, increasing adoption in sectors such as retail, transportation, hospitality, etc. are the other major growth factors. However, their cost is one of the factors that restrain the growth of the Smart Card Market. The cost increases with the chips. The world is facing an economic crisis caused by the Covid-19 pandemic, the business for smart cards specific to telecommunications, healthcare verticals is less affected compared to other verticals. The surge of health care data brings up challenges in providing efficient patient care and privacy. Smart cards solve both challenges by providing secure and easy distribution of data. The Smart Card Market witnessed a considerable decline in 2020 as a result of Covid-19. But the consumer awareness about the benefits of tap and play cards and due to the spread of Covid-19 the use of these cards payments grew quickly. 

According to 6Wresearch, the Africa Smart Card Market size is anticipated to register growth during 2021-27. South Africa has the largest Smart Card Market in Africa followed by Egypt and the rest of Africa. The financial system is being increasingly digitized and government agencies incorporating smart chip-based systems for better monitoring of processes are propelling several African countries to adopt smart card solutions. Additionally, biometric payment cards and biometric-enabled wearable devices have more demand in the Egypt and South Africa Smart Card Market. Additionally, the Department of Home Affairs in Krugersdorp, South Africa is assisting people over 16 years old in acquiring their smart identification cards. Some of the key players in the Africa Smart Card Market are Masria Digital Payments, Safran Identity, and Security, Oberthur Technologies, Gemalto NV, Giesecke & Devrient GmbH, Eastcompeace Technology Co. Ltd., Watchdata Technologies Ltd., etc.

Africa Smart Card Market is segmented based on product type, interface, functionality, vertical, offerings, and countries. Based on product type, the market is segmented into MPU Microprocessor and Memory Card. The MPU Microprocessor market dominated in product type market. By interface, the market is divided into Contactless, Contact, and Dual Interface. The contactless segment has more demand in the market. Depending on functionality, the market is categorized into Communication, Transaction, and Security. The ongoing pandemic is offering a push to the increasing trend of digitalization in business and private communication with cellular technology combined with the standardization of digital conferences. Based on Vertical, the market is split into Telecommunications, BFSI, Government & Healthcare, Transportation, Retail, Education, and Others. The telecommunication segment accounted for the maximum share in 2020, followed by payment and banking and then government and healthcare, and so on. Based on the Offering, the Africa Smart Card Market is divided into Smart Cards and Smart Card Readers. Whereas, based on countries, the market is segmented into South Africa, Egypt, and other key countries.

The Africa Smart Card Market report thoroughly covers the market by product type, interface, functionality, vertical, and countries including South Africa, Egypt, and other key countries. The Africa Smart Card Market outlook report provides an unbiased and detailed analysis of the ongoing Africa Smart Card Market trends, opportunity/high growth areas, and the market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Africa Smart Card Market Outlook
• Market Size of Africa Smart Card Market, 2020
• Forecast of Africa Smart Card Market, 2027
• Historical Data and Forecast of Africa Smart Card Revenues & Volume for the Period 2017 - 2027
• Africa Smart Card Market Trend Evolution
• Africa Smart Card Market Drivers and Challenges
• Africa Smart Card Price Trends
• Africa Smart Card Porter's Five Forces
• Africa Smart Card Industry Life Cycle
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Africa Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Africa Smart Card Market - Key Performance Indicators
• Africa Smart Card Market - Import Export Trade Statistics
• Africa Smart Card Market - Opportunity Assessment By Countries
• Africa Smart Card Market - Opportunity Assessment By Types
• Africa Smart Card Market - Opportunity Assessment By Component
• Africa Smart Card Market - Opportunity Assessment By Application
• Africa Smart Card Market - Top Companies Market Share
• Africa Smart Card Market - Top Companies Profiles
• Africa Smart Card Market - Comparison of Players in Technical and Operating Parameters
• Africa Smart Card Market - Strategic Recommendations

Markets Covered

The market report covers the following market segments:

• By Type
  • Contact Cards
  • Contactless Cards
  • Multi-components Cards
• By Component
  • Memory-based
  • Microcontroller-based
• By Application
  • BFSI
  • Government
  • Retail
  • Telecommunication
  • Healthcare
  • Hospitality
  • Others
• By Countries
  • South Africa
  • Kenya
  • Nigeria
  • Rest of Africa

Frequently Asked Questions About the Market Study (FAQs):