EMV Cards Market Analysis, Share and Size, Emerging Trends, Overview and Outlook, Growth And Segment Forecasts To 2020 Technavio Announces the Publication of its Research Report Global EMV Cards Market 2016-2020 Technavio recognizes the following companies as the key players in the global EMV cards market: ABnote, CPI Card, Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, and Perfect Plastic Printing. Commenting on the report, an analyst from Technavio’ s team said: “Adoption of electronic purses will be a key trend for market growth. An electronic purse is similar to an EMV card. It enables monetary transactions in a manner similar to a credit or debit card. These purses help in eliminating the need to carry cash and help consumers keep their money safe. Adoption of electronic purses is increasing significantly and is expected to support growth in the EMV cards market.” Browse full report with TOC@ https://marketreportscenter.com/reports/368521/global-emv-cardsmarket-2016-2020 According to the report, one of the key drivers for market growth will be the need for tamper-resistant payment systems. Cards that use magnetic tapes to store users' details can easily be tampered with and the information stored on tapes can be retrieved or destroyed. If these cards are lost or stolen, there are high chances of monetary losses. In contrast, EMV cards are tamper-free as the information is stored on a chip, making it difficult to decode users' details. The customer data stored in these cards are thus more secure.Thus, banks are encouraged to issue EMV cards instead of traditional magnetic tape-based debit and credit cards. These banks are also implementing initiatives to promote the use of EMV cards, as it ensures secure transactions. Further, the report states that complexity of EMV card chips will be a major challenge for the market. EMV cards come with a chip embedded in it to store financial information. The chip has a unique access code. It uses advanced technologies and is more complex to use than magnetic tape cards. Such process of encoding the chip with information about the customer takes time for the issuer to deliver card to the customer.Complexity in terms of technology is restricting the vendors to achieve economies of scale. In addition, the price wars will affect the profitability of the vendors. 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. Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/368521 About EMV EMV is a standard for payment cards, payment terminals, and automated teller machines (ATMs). The EMV standard was developed to deliver a safe and secure payment transaction between chip-based payment cards and terminals. A dynamic code is generated for every transaction when an EMV card is inserted into an EMV point-of-sale (POS) terminal. This is the prime benefit of EMV cards as it becomes almost impossible for fraudsters to decode customer information. Technavio’ s analysts forecast the global EMV cards market to grow at a CAGR of 16.9% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global EMV cards market for 2016-2020. To calculate the market size, the report considers the total shipment of EMV cards (both contact-based and contactless). The market is divided into the following segments based on geography: Americas APAC EMEA Technavio's report, Global EMV Cards Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To Get Discount On The Report @ https://marketreportscenter.com/request-discount/368521 Connect for more details: Sam Collins Market Reports Center 1-646-883-3044 (US) [email protected]

According to the report, one of the key drivers for market growth will be the need for tamper-resistant payment systems. Cards that use magnetic tapes to store users' details can easily be tampered with and the information stored on tapes can be retrieved or destroyed.