Global Smart Cards (OTP and MFA Card) Market Size to grow at a CAGR of 3% through 2028

Global Smart Cards (OTP and MFA Card) Market Size to grow at a CAGR of 3% through 2028

As per a recent survey conducted by seasoned analysts, global smart cards (OTP and MFA card) market, which garnered a valuation of USD 663.7 million in 2021, is expected to account for a valuation of USD 816.3 million by the end of 2028, while progressing at a CAGR of 3% through the forecast timeframe.

Prima facie the research report on ‘Global Smart Cards (OTP and MFA card) Market discusses crucial factors that influence the growth trajectory of the market during the analysis timeframe of 2022-2028. To help stakeholders make well-informed decisions and increase their profitability graph across the research time, a variety of metrics, including drivers, opportunities, and barriers, are extrapolated.

Additionally, it briefly mentions the many market groups that are primarily divided according to product type, application scope, and regional boundaries. To provide a deeper knowledge of the continuously changing market dynamics, the research literature includes consumption figures, current values, and room for development.

Lastly, the study provides a thorough analysis of the business profiles, product landscape, research opportunities, and competitive environment.

COVID-19 Impact:

Although the onset of the COVID-19 pandemic adversely affected the profitability scope of the healthcare industry and other sectors, it had a limited impact on the smart cards business specific to telecommunications and healthcare. Interestingly, an upsurge in healthcare data over the course of the pandemic coupled with increasing expenditure within the sector, is expected to unearth newer avenues for global smart cards (OTP and MFA card) market expansion in the upcoming years.

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Segmentation & Regional Overview:

Speaking of type, the marketplace is bifurcated into one time password (OTP) display card and multifactor authentication (MFA) display card. On the basis of application, worldwide smart cards (OTP and MFA card) marketplace is segregated into sectors such as BFSI, transportation, government & public utilities and others.

Geographically, Asia Pacific, North America, South America, Europe, and Middle East & Africa are the are the key avenues that add up to the total market revenue. Each region is presented in the report on a country wise basis to provide a deeper understanding of overall market landscape.

Competitive Analysis:

The competitive framework highlighted in the report provides an insightful analysis of the latest developments within key corporations such as Nota Asia Pte. Ltd, Jinco Universal, Anica, Goldpac Group Ltd, SmartDisplayer Technology Co. Ltd, Cardlab Innovation ApS, Feitian Technologies Co. Ltd, Excelsecu, Kona I Co. Ltd, and Heirstar are the main players influencing global smart cards (OTP and MFA card) market trends.


  1. How is global smart cards (OTP and MFA card) market expected to perform over 2022-2028?
  2. How has the onset of the COVID-19 pandemic impacted global smart cards (OTP and MFA card) market revenue?
  3. Which are the primary geographical contributors to global smart cards (OTP and MFA card) market profitability?
  4. How are the different segments in global smart cards (OTP and MFA card) market bifurcated?
  5. Which are the key players influencing global smart cards (OTP and MFA card)  market dynamics?

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About the author

Ashwin Naphade

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interests also cover the game of cricket (seeing as well as playing) and movies ( a typical bollywood buff).