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Global Smart Cards (OTP and MFA Card) Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 03, 2025
Length 147 Pages
SKU # BOSS20298725

Description

Report Overview

Smart cards, particularly those designed for One-Time Password (OTP) and Multi-Factor Authentication (MFA) applications, are secure hardware devices that generate dynamic credentials to enhance identity verification and access control. These cards integrate cryptographic algorithms to produce time-based or event-based codes, ensuring robust protection against unauthorized access in sectors like banking, corporate security, and government services. Unlike software-based authentication methods, OTP/MFA smart cards offer higher resistance to phishing, malware, and man-in-the-middle attacks due to their physical isolation from networked systems. Their tamper-resistant design often complies with industry standards such as FIDO2, EMV, and ISO/IEC 7816, making them a preferred choice for high-security environments demanding reliable, offline-capable authentication. The growing emphasis on cybersecurity and regulatory compliance (e.g., PSD2, GDPR) is accelerating adoption, particularly in financial institutions and enterprises transitioning beyond static passwords. While cloud-based MFA solutions gain traction, smart cards remain critical for use cases requiring hardware-backed security, portability, and interoperability with legacy systems.

The global Smart Cards (OTP and MFA Card) market size was estimated at USD 725.24 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.00% during the forecast period.

This report provides a deep insight into the global Smart Cards (OTP and MFA Card) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Smart Cards (OTP and MFA Card) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Smart Cards (OTP and MFA Card) market in any manner.

Global Smart Cards (OTP and MFA Card) Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Hierstar

Kona I

Excelsecu

FEITIAN Technologies

Cardlab

SmartDisplayer Technology Co

Goldpac Group Ltd

Anica

Jinco Universal

Nota Asia Pte Ltd

Market Segmentation (by Type)

One-Time Password (OTP) Display Card

Multifactor Authentication (MFA) Display Card

Market Segmentation (by Application)

BFSI

Government & Public Utilities

Transportation

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Smart Cards (OTP and MFA Card) Market

Overview of the regional outlook of the Smart Cards (OTP and MFA Card) Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Smart Cards (OTP and MFA Card) Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Smart Cards (OTP and MFA Card), their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

147 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Smart Cards (Otp And Mfa Card)
1.2 Key Market Segments
1.2.1 Smart Cards (Otp And Mfa Card) Segment By Type
1.2.2 Smart Cards (Otp And Mfa Card) Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Smart Cards (Otp And Mfa Card) Market Overview
2.1 Global Market Overview
2.1.1 Global Smart Cards (Otp And Mfa Card) Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Smart Cards (Otp And Mfa Card) Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Smart Cards (Otp And Mfa Card) Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Smart Cards (Otp And Mfa Card) Product Life Cycle
3.3 Global Smart Cards (Otp And Mfa Card) Sales By Manufacturers (2020-2025)
3.4 Global Smart Cards (Otp And Mfa Card) Revenue Market Share By Manufacturers (2020-2025)
3.5 Smart Cards (Otp And Mfa Card) Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Smart Cards (Otp And Mfa Card) Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Smart Cards (Otp And Mfa Card) Market Competitive Situation And Trends
3.8.1 Smart Cards (Otp And Mfa Card) Market Concentration Rate
3.8.2 Global 5 And 10 Largest Smart Cards (Otp And Mfa Card) Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Smart Cards (Otp And Mfa Card) Industry Chain Analysis
4.1 Smart Cards (Otp And Mfa Card) Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Smart Cards (Otp And Mfa Card) Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Smart Cards (Otp And Mfa Card) Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Smart Cards (Otp And Mfa Card) Market
5.7 Esg Ratings Of Leading Companies
6 Smart Cards (Otp And Mfa Card) Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Smart Cards (Otp And Mfa Card) Sales Market Share By Type (2020-2025)
6.3 Global Smart Cards (Otp And Mfa Card) Market Size Market Share By Type (2020-2025)
6.4 Global Smart Cards (Otp And Mfa Card) Price By Type (2020-2025)
7 Smart Cards (Otp And Mfa Card) Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Smart Cards (Otp And Mfa Card) Market Sales By Application (2020-2025)
7.3 Global Smart Cards (Otp And Mfa Card) Market Size (M Usd) By Application (2020-2025)
7.4 Global Smart Cards (Otp And Mfa Card) Sales Growth Rate By Application (2020-2025)
8 Smart Cards (Otp And Mfa Card) Market Sales By Region
8.1 Global Smart Cards (Otp And Mfa Card) Sales By Region
8.1.1 Global Smart Cards (Otp And Mfa Card) Sales By Region
8.1.2 Global Smart Cards (Otp And Mfa Card) Sales Market Share By Region
8.2 Global Smart Cards (Otp And Mfa Card) Market Size By Region
8.2.1 Global Smart Cards (Otp And Mfa Card) Market Size By Region
8.2.2 Global Smart Cards (Otp And Mfa Card) Market Size Market Share By Region
8.3 North America
8.3.1 North America Smart Cards (Otp And Mfa Card) Sales By Country
8.3.2 North America Smart Cards (Otp And Mfa Card) Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Smart Cards (Otp And Mfa Card) Sales By Country
8.4.2 Europe Smart Cards (Otp And Mfa Card) Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Smart Cards (Otp And Mfa Card) Sales By Region
8.5.2 Asia Pacific Smart Cards (Otp And Mfa Card) Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Smart Cards (Otp And Mfa Card) Sales By Country
8.6.2 South America Smart Cards (Otp And Mfa Card) Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Smart Cards (Otp And Mfa Card) Sales By Region
8.7.2 Middle East And Africa Smart Cards (Otp And Mfa Card) Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Smart Cards (Otp And Mfa Card) Market Production By Region
9.1 Global Production Of Smart Cards (Otp And Mfa Card) By Region(2020-2025)
9.2 Global Smart Cards (Otp And Mfa Card) Revenue Market Share By Region (2020-2025)
9.3 Global Smart Cards (Otp And Mfa Card) Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Smart Cards (Otp And Mfa Card) Production
9.4.1 North America Smart Cards (Otp And Mfa Card) Production Growth Rate (2020-2025)
9.4.2 North America Smart Cards (Otp And Mfa Card) Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Smart Cards (Otp And Mfa Card) Production
9.5.1 Europe Smart Cards (Otp And Mfa Card) Production Growth Rate (2020-2025)
9.5.2 Europe Smart Cards (Otp And Mfa Card) Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Smart Cards (Otp And Mfa Card) Production (2020-2025)
9.6.1 Japan Smart Cards (Otp And Mfa Card) Production Growth Rate (2020-2025)
9.6.2 Japan Smart Cards (Otp And Mfa Card) Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Smart Cards (Otp And Mfa Card) Production (2020-2025)
9.7.1 China Smart Cards (Otp And Mfa Card) Production Growth Rate (2020-2025)
9.7.2 China Smart Cards (Otp And Mfa Card) Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Hierstar
10.1.1 Hierstar Basic Information
10.1.2 Hierstar Smart Cards (Otp And Mfa Card) Product Overview
10.1.3 Hierstar Smart Cards (Otp And Mfa Card) Product Market Performance
10.1.4 Hierstar Business Overview
10.1.5 Hierstar Swot Analysis
10.1.6 Hierstar Recent Developments
10.2 Kona I
10.2.1 Kona I Basic Information
10.2.2 Kona I Smart Cards (Otp And Mfa Card) Product Overview
10.2.3 Kona I Smart Cards (Otp And Mfa Card) Product Market Performance
10.2.4 Kona I Business Overview
10.2.5 Kona I Swot Analysis
10.2.6 Kona I Recent Developments
10.3 Excelsecu
10.3.1 Excelsecu Basic Information
10.3.2 Excelsecu Smart Cards (Otp And Mfa Card) Product Overview
10.3.3 Excelsecu Smart Cards (Otp And Mfa Card) Product Market Performance
10.3.4 Excelsecu Business Overview
10.3.5 Excelsecu Swot Analysis
10.3.6 Excelsecu Recent Developments
10.4 Feitian Technologies
10.4.1 Feitian Technologies Basic Information
10.4.2 Feitian Technologies Smart Cards (Otp And Mfa Card) Product Overview
10.4.3 Feitian Technologies Smart Cards (Otp And Mfa Card) Product Market Performance
10.4.4 Feitian Technologies Business Overview
10.4.5 Feitian Technologies Recent Developments
10.5 Cardlab
10.5.1 Cardlab Basic Information
10.5.2 Cardlab Smart Cards (Otp And Mfa Card) Product Overview
10.5.3 Cardlab Smart Cards (Otp And Mfa Card) Product Market Performance
10.5.4 Cardlab Business Overview
10.5.5 Cardlab Recent Developments
10.6 Smartdisplayer Technology Co
10.6.1 Smartdisplayer Technology Co Basic Information
10.6.2 Smartdisplayer Technology Co Smart Cards (Otp And Mfa Card) Product Overview
10.6.3 Smartdisplayer Technology Co Smart Cards (Otp And Mfa Card) Product Market Performance
10.6.4 Smartdisplayer Technology Co Business Overview
10.6.5 Smartdisplayer Technology Co Recent Developments
10.7 Goldpac Group Ltd
10.7.1 Goldpac Group Ltd Basic Information
10.7.2 Goldpac Group Ltd Smart Cards (Otp And Mfa Card) Product Overview
10.7.3 Goldpac Group Ltd Smart Cards (Otp And Mfa Card) Product Market Performance
10.7.4 Goldpac Group Ltd Business Overview
10.7.5 Goldpac Group Ltd Recent Developments
10.8 Anica
10.8.1 Anica Basic Information
10.8.2 Anica Smart Cards (Otp And Mfa Card) Product Overview
10.8.3 Anica Smart Cards (Otp And Mfa Card) Product Market Performance
10.8.4 Anica Business Overview
10.8.5 Anica Recent Developments
10.9 Jinco Universal
10.9.1 Jinco Universal Basic Information
10.9.2 Jinco Universal Smart Cards (Otp And Mfa Card) Product Overview
10.9.3 Jinco Universal Smart Cards (Otp And Mfa Card) Product Market Performance
10.9.4 Jinco Universal Business Overview
10.9.5 Jinco Universal Recent Developments
10.10 Nota Asia Pte Ltd
10.10.1 Nota Asia Pte Ltd Basic Information
10.10.2 Nota Asia Pte Ltd Smart Cards (Otp And Mfa Card) Product Overview
10.10.3 Nota Asia Pte Ltd Smart Cards (Otp And Mfa Card) Product Market Performance
10.10.4 Nota Asia Pte Ltd Business Overview
10.10.5 Nota Asia Pte Ltd Recent Developments
11 Smart Cards (Otp And Mfa Card) Market Forecast By Region
11.1 Global Smart Cards (Otp And Mfa Card) Market Size Forecast
11.2 Global Smart Cards (Otp And Mfa Card) Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Smart Cards (Otp And Mfa Card) Market Size Forecast By Country
11.2.3 Asia Pacific Smart Cards (Otp And Mfa Card) Market Size Forecast By Region
11.2.4 South America Smart Cards (Otp And Mfa Card) Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Smart Cards (Otp And Mfa Card) By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Smart Cards (Otp And Mfa Card) Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Smart Cards (Otp And Mfa Card) By Type (2026-2033)
12.1.2 Global Smart Cards (Otp And Mfa Card) Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Smart Cards (Otp And Mfa Card) By Type (2026-2033)
12.2 Global Smart Cards (Otp And Mfa Card) Market Forecast By Application (2026-2033)
12.2.1 Global Smart Cards (Otp And Mfa Card) Sales (K Units) Forecast By Application
12.2.2 Global Smart Cards (Otp And Mfa Card) Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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