The Global Smart Card market was valued at US $13.38 Bn. in 2020, and it is expected to reach US $17.49 Bn. by 2027 with a CAGR of 3.9% during the forecast period. A smart card is a physical card with an embedded memory or a microcontroller embedded in the contact pad. It communicates with a reader using a short-range wireless connection or a direct physical contact standard like near-field communication (NFC) or radio-frequency identification (RFID).
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