Smart Card market in the Government sector 2015 to grow at a CAGR of 10.2% by 2019

Global Smart Card Market in the Government Sector 2015-2019

Smart card is a pocket-sized card, generally 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. Contact-based smart cards have a contact area of approximately 1 square cm. These cards are inserted into the smart card reader. 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 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 some of the major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.

Global Smart Card market in the Government sector to grow at a CAGR of 10.2 percent over the period 2014-2019.

Many defense agencies in developed nations have been employing smart cards for identification and access control, which has encouraged similar organizations in developing countries to adopt smart cards.

“The demand for smart cards in defense sectors worldwide has increased significantly in recent years and is expected to continue during the forecast period,”.

The new report also emphasizes the availability of twin cards that have two different chip technologies in one. These cards are a combination of a contactless and contact interface on a single card, which eliminates the need to carry two cards.

“The need to carry multiple cards is eliminated with the use of twin cards because these cards have shared storage and processing abilities. With data and information being consolidated in a single smart card, it provides ease of handling,”.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Smart Card market in the Government sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smart cards in the Government sector, though it does not include revenue generated from the sales of contactless smart cards in the same.

Global Smart Card Market in the Government Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, North America, and the MEA region; it also covers the Global Smart Card market landscape in the Government sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.