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EVM Card Market to Hit USD 19.31 Bn at a Growth Rate of 4.2 percent by 2029: Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, and Segmentation

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EVM Card Market to Hit USD 19.31 Bn at a Growth Rate of 4.2 percent by 2029: Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, and Segmentation

April 20
17:44 2023
EVM Card Market to Hit USD 19.31 Bn at a Growth Rate of 4.2 percent by 2029: Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, and Segmentation
EVM Card Market
EVM Card Market size was valued at USD 13.9 Bn. in 2021 and the total EVM Card revenue is expected to grow at a CAGR of 4.2% from 2022 to 2029, reaching nearly USD 19.31 Bn.

Pune 20 April 2023: The report expects the EVM Card Market to grow from USD 13.9 Bn in 2021 to USD 19.31 Bn by 2029 at a CAGR of 4.2 percent over the forecast period. The report is a mixture of primary data and secondary data and domain expert has analyzed the EVM Card Market from a local, global and regional point of view. 

EVM Card Market Report Scope and Research Methodology

The EVM Card Market report provides a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of EVM Card Market. The report contains a comprehensive analysis of the global EVM Card Market trends, forecasts, and monetary values. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the EVM Card Market. The segment-wise analysis of the EVM Card Market is divided into Type, Brand, Interface, Functionality and Application. The EVM Card Market report includes aspects of the industry with key players such as market leaders, market followers and new entrants. The bottom-up approach was used in the report for EVM Card Market estimation. 

The report covers the factors that are driving and restricting the EVM Card Market growth. The report uses analytical methodologies such as Porter’s five forces analysis and PESTLE of the EVM Card Market to provide market insights. The report involves an analysis of current EVM Card Market trends over the forecast period.  

EVM Card Market Dynamics 

The government promotes ICT to use cashless transactions. The cashless economy is an economy in which there is no cash movement within an economy and the transactions are conducted through electronic media channels. The cashless transaction helps to increase the economy and thus government makes initiatives for the great promotion of the economy. As a result, increasing government initiatives drive the growth of the market. 

The EVM Card market growth is driven by increasing demand for cashless transactions increasing need for security during the transaction and rapid digitalization. The growing adoption of the EMV card in the financial and the banking sector and the Better security and authenticity provided by the EVM card, are also expected growth factors for the EVM Card Market. The EVM Card market growth is expected to be hampered by security concerns and high infrastructures costs with data theft.

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EVM Card Market Regional Insights

In 2021, North America held the EVM Card Market with the largest share in terms of volume and value and is expected to grow at a 4.5 percent CAGR over the forecast period. The regional market growth is driven by government initiatives, essential incremental spending and increasing demand for contactless cards. 

During the forecast period, the Asia Pacific is expected to grow at a significant growth rate for the EVM card market. The increasing digitalization in the banking sector, the implementation of government agencies for smart chip-based systems and the growing adoption of the EVM card from several sectors such as BFSI, IT & Telecommunication, Food & Groceries and Health & Pharmacy.

EVM Card Market Segmentation

By Type

  • Debit Card
  • Credit Card


By Brand

  • Euro pay
  • Visa
  • MasterCard
  • Other


By Interface

  • Contact
  • Contactless
  • Dual


By Functionality

  • Transaction
  • Communication
  • Security & Access Control


By Application

  • BFSI
  • IT & Telecommunication
  • Government
  • Food & Groceries
  • Health & Pharmacy
  • Restaurants & Bars
  • Consumer Electronics
  • Shopping Malls & Retail
  • Media & Entertainment
  • Travel & Tourism
  • Others


EVM Card Market Key Players include:

  • American Express
  • CardLogix Corporation
  • CPI Card Group Inc.
  • Equinox Payments
  • Giesecke + Devrient GmBH
  • HID Global Corporation
  • IDEMIA, Infineon Technologies AG
  • JPMorgan Chase & Co.
  • NCR Corporation
  • Perfect Plastic Printing
  • Samsung
  • Thales
  • VeriFone
  • Versatile Card Technology Pvt. Ltd.
  • Mastercard
  • Visa Inc.
  • ABCorp
  • CPI Card Group
  • Gem alto
  • Giesecke & Devrient
  • Morpho (Safran)
  • Oberthur Technologies
  • Versatile Card Technology Ingenico
  • PAX Technology
  • SZZT Technology
  • ATOS World line
  • Cyber Net
  • Equinox
  • Fiserv Inc.
  • Keycorp
  • NCR
  • Spire Payments
  • Hengbao
  • Watch data systems Co. Ltd
  • Gold Pac
  • Others


Table of for Global EVM Card Market:

  • Global EVM Card Market: Research Methodology


  • Global EVM Card Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to the Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global EVM Card Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global EVM Card Market Segmentation
  • Global Market, by Type (2021-2029)
  • Global Market, by Brand (2021-2029)
  • Global Market, by Interface 2021-2029)
  • Global Market, by Functionality (2021-2029)
  • Global Market, by Application (2021-2029)


  • Regional Global EVM Card Market(2021-2029)
  • Regional Market, by Type (2021-2029)
  • Regional Market, by Brand (2021-2029)
  • Regional Market, by Interface (2021-2029)
  • Regional Market, by Functionality (2021-2029)
  • Regional Market, by Application (2021-2029)
  • Regional Market, by Country (2021-2029)


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


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Key questions answered in the EVM Card Market are:

  • What is EVM Card?
  • What was the EVM Card market size in 2022?
  • What is the expected EVM Card market size by 2029?
  • What is the growth rate of the EVM Card Market?
  • Which are the factors expected to drive the EVM Card market growth?
  • What are the different segments of the EVM Card Market?
  • What are the factors restraining the growth of the EVM Card Market?
  • What is the demand pattern of the EVM Card Market?
  • What are the major challenges that the EVM Card Market could face in the future? 
  • What segments are covered in the EVM Card Market?
  • What are the upcoming industry applications and trends for the EVM Card Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for EVM Card Market? 


Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of the Type, Brand, Interface, Functionality, Application and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region


Maximize Market Research Information Technology & Telecommunication research firm, has also published the following reports:

Digital Payment MarketThe market size is expected to reach USD 285.38 Bn by 2029 at a CAGR of 19.3 percent during the forecast period. The market is driven by the initiatives for the promotion of digital payments and the rapid decline in the Unbanked Population.

Smart Card Market: The market size is expected to reach USD 18.88 Bn by 2029 at a CAGR of 3.9 percent during the forecast period. The market is driven by increasing digitalization, a rise in contactless transactions and increasing demand from the healthcare sector. 


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


Contact Maximize Market Research:

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Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

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