Research and Markets - Global Transit Cards Market 2016 - Forecasts to 2020 with Datacard, Gemalto, Giesecke & Devrient & Watchdata Dominating

DUBLIN, June 17, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Transit Cards Market 2016-2020" report to their offering.

The global transit cards market to grow at a CAGR of 8.06% during the period 2016-2020.

Global Transit Cards Market 2016-2020, 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.

A trend that is positively impacting the market is the emergence and use of contactless smart cards in transportation. Contactless cards are convenient and easy to use compared to contact-based cards. The transportation sector is increasingly deploying contactless e-ticket cards to improve security in billing and payment processes. Contactless smart cards are becoming the preferred choice for the transportation sector because they enable fast identity and fare payment transactions allowing high passenger throughput in less time at border crossings. The card does not have to be inserted, swiped, or scanned by the reader.

According to the report, a key driver boosting market growth is the need to reduce identity duplication. The number of fraudulent activities and forgeries are increasing along with the advances in technology. New payment methods such as EMV chips, PIN cards, and mobile wallets are gaining prominence in the transportation sector. There is a growing demand for more secure solutions because of the increasing incidences of fraudulent activities. Information stored on smart cards can be accessed using a PIN. PINs are extremely difficult to decode and make transactions more secure.

Further, the report states that one challenge that could restrict market growth is the high cost of implementation. The market is being controlled by a small set of vendors because of limited vendor penetration. The consequent low competition is resulting in high initial deployment and replacement costs.

Key vendors

- Datacard
- Gemalto
- Giesecke & Devrient
- Watchdata

Other prominent vendors

- Athena
- CardLogix
- Eastcompeace Technology
- 4G Identity Solutions
- Infineon Technologies

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market description

Part 06: Market landscape

Part 07: Market assumptions

Part 08: Life cycle analysis

Part 09: Global smart cards market

Part 10: Market development

Part 11: Geographical segmentation

Part 12: Market attractiveness

Part 13: Buying criteria

Part 14: Market drivers

Part 15: Market challenges

Part 16: Impact of drivers and challenges

Part 17: Market trends

Part 18: Impact of trends

Part 19: Five forces model

Part 20: Key vendor analysis

Part 21: Vendor matrix

Part 22: Description of leading vendors

Part 23: Other prominent vendors

Part 24: Appendix

For more information visit http://www.researchandmarkets.com/research/vvsbxd/global_transit

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