Dallas, Texas (PRWEB) November 03, 2014
An increase in the use of contactless ID cards, especially in the government sector, is expected to contribute to the growth of the Smart Card market. The public/private sector is deploying smart ID cards to keep track of its records and provide information on employees to the accessing authority. The use of this type of ID card is expected to increase during the forecasted period.
Analysts forecast the global Smart Cards market to grow at a CAGR of 6.62 percent over the period 2013-2018. According to the report, the main driver of this market is the use of smart cards in the BFSI sector. Over the past few years, the security of and the technology used in smart cards have evolved with increased functionalities and storage capacity. This results in increased interest from financial sectors and related corporates to deploy smart cards, leading to the growth of the Global Smart Card market.
Smart cards are IC cards that are used to store and retrieve data using computer systems. Smart cards are comprised of a central processing unit and different types of memory units. As smart cards are easily portable, they are widely used in various parts of the world for different applications. Moreover, smart cards provide a cost-effective way of storing, managing, and maintaining accounts for end-users.
Covered in this Report
This report covers the presented scenario and the growth prospects of the Global Smarts Card market for the period 2014-2018. This report covers the entire range of smart cards including contact based, contactless, dual interface, hybrid smart cards, and their applications in various sectors.
The report does not consider the following to estimate the market size:
- Any support, services that are offered for smart cards
- Components that are used in developing/manufacturing/production of smart cards
Global Smart Cards Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the Global Smart Cards market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global Smart Cards Market: CardLogix Corp., Gemalto NV, Giesecke & Devrient GmbH, Morpho SA and Oberthur Technologies.
Other Prominent Vendors in the market are: Eastcompeace Technology, IRIS and Muhlbaeur.
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Key Market Driver
- Use of Smart Cards in BFSI Sector
- For a full, detailed list, view our report
Key Market Trend
- Increased Use of Contactless ID Cards
- For a full, detailed list, view our report
Further, the report states that one major challenge in the market is the high cost involved in the deployment and replacement of smart cards. The cost of deploying smart cards is very high, and it also requires a robust network infrastructure, because of which the adoption is low in the APAC region compared to the Americas and the EMEA region.
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Smart Card Segmentation
Exhibit 3: Global Smart Cards Market Value Chain
Exhibit 4: Global Smart Cards Market Supply Chain
Exhibit 5: Global Smart Card Segmentation by Application
Exhibit 6: Global Smart Card Market 2013-2018 by Volume (units in billion)
Exhibit 7: Global Smart Card Market 2013-2018 (US$ billion)
Exhibit 8: Global Smart Cards Market Segmentation by Application 2013-2018
Exhibit 9: Global Smart Cards Market Segmentation by Application 2013-2018 (US$ billion)
Exhibit 10: Global Smart Cards Market Segmentation by Components 2013-2018
Exhibit 11: Global Smart Cards Market Segmentation by Components 2013-2018 (US$ billion)
Exhibit 12: Global Smart Cards Market Segmentation by Interface 2013-2018
Exhibit 13: Global Smart Cards Market Segmentation by Interface 2013-2018 (US$ billion)
Exhibit 14: Global Smart Cards Market Segmentation by Geography 2013
Exhibit 15: Global Smart Cards Market Segmentation by Geography 2013-2018
Exhibit 16: Global Smart Cards Market Segmentation by Geography 2013-2018 (US$ billion)
Exhibit 17: BFSI Sector
Exhibit 18: Government Sector
Exhibit 19: Healthcare Sector
Exhibit 20: Mobile Network Operators
Exhibit 21: Transport Sector
Exhibit 22: CardLogix: Product Segmentation
Exhibit 23: Gemalto: Business Segmentation by Revenue 2013
Exhibit 24: Gemalto: Business Segmentation by Revenue 2012 and 2013 (US$ million)
Exhibit 25: Gemalto: Geographical Segmentation by Revenue 2013
Exhibit 26: Giesecke and Devrient: Business Segmentation by Revenue 2013
Exhibit 27: Giesecke and Devrient: Business Segmentation by Revenue 2012 and 2013 (US$ million)
Exhibit 28: Morpho: Product Segmentation
Exhibit 29: Morpho: Geographical Segmentation
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