DUBLIN, Mar. 03, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/wd7q5c/global) has announced the addition of the "Global Contactless Smart Card Market 2015-2019" report to their offering.
The Global Contactless Smart Card market to grow at a CAGR of 30.31% over the period 2014-2019
A smart card is a pocket-sized card, made of plastic, which is embedded with integrated circuits or microchips. It is used for authentication, identification, data storage, and application processing.
Smart cards are classified into two types: contact-based and contactless. Contactless smart cards are embedded with integrated circuits that process and store data and communicate with a terminal via radio frequencies. These cards are used by employing a radio frequency between the card and the reader that needs no physical insertion of the card. Therefore, contactless smart cards have faster applications and are user-friendly. Contactless smart cards are widely accepted and used by major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.
Currently, government agencies in developing countries are increasingly adopting contactless smart cards. For instance, smart card-based identity cards, driver's licenses, e-passports, voter ID, and vehicle document smart cards are widely being used in India. Likewise, many developing countries are launching contactless smart cards for growing sectors such as the Government, Healthcare, Transportation, and Defense sectors.
According to the report, the increased need to reduce identity duplication is one of the major factors driving market growth. With advances in technology, the amount of fraud and forgery related to identity duplication is rising. Secure solutions can prevent identify duplication as contactless smart cards are tamper-proof and difficult to decode.
Further, the report states that one of the key challenges that the market faces is the complex technology of a smart card chip. The microchips embedded in cards are technologically advanced and more complex than a magnetic tape card.
The report consolidates the revenue generated from the following major applications:
- Government ID
- Payment
- Transit
- Access control
Key Vendors
- ASK
- Gemalto
- Giesecke & Devrient
- Morpho
- Oberthur Technologies
- Watchdata System
Other Prominent Vendors
- Advanced Card Systems
- CardLogix
- DataCard
- Infineon Technologies
- NXP Semiconductors
- Secura Key
- Sony Felica
- SpringCard
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Description
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Market Attractiveness
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Key Insights
- Assumptions
For more information visit http://www.researchandmarkets.com/research/wd7q5c/global
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
