The global smart card market is expected to grow to $18.54 billion in 2022

The global smart card market is expected to grow from $17.20 billion in 2021 to $18.54 billion in 2022 at a compound annual growth rate (CAGR) of 7.78%. The smart card market is expected to grow to $25.21 billion in 2026 at a compound annual growth rate (CAGR) of 7.99%.

The smart card market consists of the sales of smart card products by entities (organizations, partnerships, and sole proprietors) that refers to a physical plastic card with a built-in integrated chip that acts as a security token.These cards provide ways to identify and authenticate the cardholder and third parties who use the card.

Asia-Pacific was the largest region in the smart card market in 2021. The regions covered in the smart card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.