Malaysia Smart Card Market: Industry Size, Share, Trends, Demand & Growth Drivers, Opportunity Assessment & Analysis, Regional Outlook With Forecast 2017-2025

Malaysia 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 developed in Malaysia for the manufacturing of smart cards such as Sony’s Felica technology, which deals majorly in travel payments. Felica technology in 2017 has been integrated with the bitcoin, where the smart card will hold the private key to access the bitcoin wallet. Smart cards are an important factor in the growth of IoT, which is in developing phase in Malaysia. The smart cities development and quick adoption of technologies are the major factor driving the growth of Malaysia smart card market. Smart cards enable quick access and quick ID verification in multiple places such in transport system, payments, hotels and restaurants. The transforming economy of Malaysia with the expansion of manufacturing industries, infrastructure industries and hospitality are major application areas of smart cards. Malaysia in 2017 announced budget of USD 15.33 million to provide smart cards to the household (income below USD 1,277) credited with USD 76.67 for the medical services and medications. Goldstein Research analyst forecast that the Malaysia smart card market is set to reach USD 4.3 billion by 2025, growing at a CAGR of 7.52% over the forecast period (2017-2025).

Malaysia Smart Card Market Segmentation

By Card Type

• Contact Card
• Contactless Card
• Multi-Component Card

Contact card accounted for largest market share of 41.7% in 2017. Over the forecast period contactless card is expected to surpass the contact card market share on the back of growing IoT environment in Malaysia.

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

Covered In This Malaysia Smart Card Market Report

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

Malaysia 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 Malaysia 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. “Malaysia 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 Malaysia smart card market report comprises of the following companies as the key players: Sony, Infineon Technologies, NXP Semiconductors, Samsung Semiconductor, STMicroelectronics, IRIS Corporation Berhad, Touch ‘n Go, Tactilis.

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 Malaysia 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 Malaysia smart card market
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• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects