Smart Card market in the Telecom sector 2015 to grow at a CAGR of 4.98% by 2019

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Global Smart Card Market in Telecom Sector 2015-2019

About Smart Card:-

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 Telecom sector to grow at a CAGR of 4.98 percent over the period 2014-2019.

There is profound demand for smart cards in the Telecom sector across the world. The largest contributor in the market, in terms of both revenue and shipment, is the APAC region, followed by Europe. Swift technological improvements, such as twin smart cards and near-field communication cards, are supporting the growth of the market in this sector.

“The need to carry multiple cards is eliminated with the use of twin cards because these cards share storage and processing of information,”

“Data and information consolidated in a single smart card also enables ease of handling. The availability of twin cards is expected to support the growth of the Global Contactless Smart Card market.”

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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 Telecom sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smart cards in the Telecom sector. The report does not include revenue generated from the sales of contactless smart cards in the Telecom sector.

Global Smart Card Market in Telecom 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 market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Market Drivers

Increased Need to Reduce Identity Duplication
Increased Use of Personal Devices for Financial Transactions
Need for User-friendly Interface
Increased Use of Electronic Purses

Key Market Trends

Increased Adoption of NFC Payments
High Adoption of M-commerce
Availability of Twin Smart Cards
Advances in Technology

Key Market Vendors

Gemalto NV
Giesecke & Devrient GmbH
Morpho SA
Oberthur Technologies
Watchdata System Co. Ltd.

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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