Measurement & Instrumentation

Card Printer Manufacturers to Witness Continued Growth as Use of Cards among Consumers will be Prevalent in the Long Run

Published: 1 Oct 2018

The use of smartcards is widespread globally in different industries and the day-to-day lives of consumers. In recent years, issuance of debit and credit cards by banking and financial organizations has increased significantly, resulting in a huge installed base of smartcards. Identification or ID cards—both government IDs and IDs issued by private companies to their employees—are growing in number every year. There has also been a shift in consumer behavior toward the acceptance of smartcards. Consumers globally are increasingly preferring cashless transactions and using debit/credit cards for making payments. Technological advances have played a major role in making smartcards popular. Smartcards are utilized across various application areas including banking, retail, healthcare, hospitality, travel and tourism, and others. Europe has been a frontrunner in the use of smartcards. Governments and industries in the Americas and Asia-Pacific are also promoting digitalization and the usage of smartcards.

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