Technological advancements brought by Internet of Everything (IoE), and revolutionizing traditional solicitations are facilitating the organizations as well as end-users to adopt unconventional solutions such as smart cards. These cards are utilized across various application areas including banking, retail, hospitality, travel and tourism and others.
Banking and financial sector already has a huge in-use inventory of these smart cards, and in developing geographies such as Asia Pacific government is promoting digitalization and usage of smart cards. These smart cards are printed by card printers using technologies such as; Near-to-Edge Printing, Edge-to-Edge printing, and High Definition Printing.
Inspite of increasing adoption of advanced access control and biometric solutions, the utilization of these cards is expected to nurture in the coming years, hence pushing the card printers market.
In recent years, card issuance in the banking and financial sector has increased tremendously, resulting in a huge installed base of cards. This trend is expected to continue further in the coming years as well, intending to drive the market for card printers. Also, numerous governments across the globe are working on reducing the card fraudulent activities, thus augmenting the adoption of cards.
This factor is further expected to impact the card printer market in a positive manner. However, in-spite of numerous benefits associated with these cards, maintaining and regulating the usage of environment friendly card material for all manufacturers is a challenge, which is restraining the market for Card Printers.
On the basis of geography, Card Printers market can be segmented across seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Card Printers market in the Asia Pacific region is expected to foresee considerable growth during the forecast period owing to increase in number of government and financial projects already started and planned for commencement in the short-term. In terms of growth rates, North America and Europe are expected to experience sluggish growth in the forecast period.
Key Players
Few of the major player operating in the Card Printers market includes ZIH Corp (Zebra), Evolis, Magicard Ltd, Entrust Datacard Corporation, HID Global Corporation, and NBS Technologies among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Card Printers Market can be segmented on the basis of printing technology, component, application, and region.
On the basis of printing technology, the Card Printers Market can be segmented into:-
On the basis of component, the Card Printers Market can be segmented into:-
On the basis of application, the Card Printers Market can be segmented into:-
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Card Printers Market
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