Central Issuance Card Equipment Market Share, Trend and Segmentation Forecast 2029

Central Issuance Card Equipment Market Value and CAGR

Credit, debit, and prepaid cards are created and personalized using card issuance equipment. On-premises and cloud-based solutions are available in this market. Cards with customer data, such as name, account number, expiration date, and security features, can be printed and encoded using central issuance card equipment. The cards can also have holograms, watermarks, and other security features added by these machines. Some models are even capable of embossing the cards with raised lettering.

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The global central issuance card equipment market was worth $1.82 billion in 2018 and is expected to reach $1.71 billion by 2029, expanding at a 3.7% CAGR from 2019 to 2029. Central issuance card equipment is used to produce banking cards and other types of identification cards that have data storage capabilities.

Central Issuance Card Equipment Market Growth Drivers and Risks

Growth Engines:

Increasing Smart Card Demand: The growing use of smart cards in various industries such as banking, healthcare, transportation, and government is driving demand for CICE. Smart cards are more secure and provide extra features such as contactless payment options, making them more appealing to consumers.

Technological Advancements: Technological advancements have resulted in the development of more sophisticated CICE, making the manufacturing process faster, more efficient, and cost-effective. This has made it easier for manufacturers to mass-produce smart cards in order to meet rising demand.

Risks:

Security Risks: The creation of smart cards necessitates the use of sensitive data, such as personal identification information and financial information. This makes the manufacturing process vulnerable to security breaches, which can result in financial loss and damage to the card issuer's reputation.

Operational Risks: CICE involves complex machinery and software that can fail, causing production delays and cost increases. Faulty cards can also be produced by a malfunctioning CICE, resulting in customer dissatisfaction and reputational damage.

Central Issuance Card Equipment Market Keyplayers

By Company

• Datacard
• Muehlbauer
• Atlantic Zeiser
• Emperor Technology
• NBS

Central Issuance Card Equipment Market Segmentations

Segment by Type

• Small-Volume Card Equipment
• Mid-Volume Equipment
• High-Volume Equipment

Segment by Application

• Financial
• Government
• Healthcare
• Commercial

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