Global Contactless Smart Cards Market to Grow 32.94% - Key Vendors are Oberthur Technologies, Safran & Watchdata

DUBLIN, March 22, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/948l53/global) has announced the addition of the "Global Contactless Smart Cards Market 2016-2020" report to their offering.

The global contactless smart cards market is expected to grow at a CAGR of 32.94% during the period 2016-2020.

Contact-based smart cards have a contact area that provides electrical connectivity when inserted into the card reader. These readers act as a communication medium between the point of sale system or computer and the smart card. Contactless smart cards use radio frequency (RF) technology for communication between a contactless smart card and the card reader. Thus, for data and information transfer between contactless smart cards and card readers, it is important for contactless smart cards to be in proximity to an antenna.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, smart cards with magnetic tapes store financial information about end-users. However, these cards can be easily tampered with, resulting in loss of information or data. This also increases the chances of identity theft. Contactless smart cards with PIN codes are difficult to tamper with. This increases the safety of card holders' accounts, providing better security.

Further, the report states that high initial deployment and replacement cost is a major challenge for contactless smart card end-users.

Key vendors:

• Gemalto
• Giesecke & Devrient
• Oberthur Technologies
• Safran
• Watchdata

Key questions answered in this report:

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Life cycle analysis

PART 07: Market segmentation by application

PART 08: Geographical segmentation

PART 09: Buying criteria

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Five forces model

PART 16: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/948l53/global

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