Smart Card Market in Government and Contactless Smart Cards 2018 Forecasts and Analysis Global Smart Card market in the Government sector will grow at a CAGR of 10.4% by revenue and 8.5% by unit shipments over the period 2014 - 2018 while Global Contactless Smart Card market will grow at a CAGR of 33.5%.
DALLAS, May 11, 2014 /PRNewswire-iReach/ -- Smart cards are used across various end-user segments for a variety of applications. Smart cards are used extensively for a range of purposes, from basic identification to border security management. Government e-ID cards are cards issued by national governments which give every national a way to prove their identity and residence in their respective country. Various governments have been using smart cards for various applications, benefiting both citizens and government. Governments across the globe have been able to reduce costs, increase operational efficiency, and manage national databases better by issuing smart cards to their citizens. Many governments have already issued or are in the process of issuing smart cards to their respective citizens, while the rest are planning to implement various smart card projects. The Global Smart Card market in the Government sector is witnessing steady growth and this trend is expected to continue during the forecast period.
Analysts forecast the Global Smart Card market in the Government sector will grow at a CAGR of 10.4 percent by revenue and 8.5 percent by unit shipments over the period 2013-2018.
Covered in this Report
The Global Smart Card market in the Government sector can be divided into three segments: e-passport, e-DL and e-ID. These are the major applications of smart cards in the Government sector.
Global Smart Card Market in the Government Sector 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, the MEA region, and North America; it also covers the Global Smart Card market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Latin America
- North America
- Gemalto NV
- Giesecke & Devrient GmbH
- Oberthur Technologies
- Morpho SA
Other Prominent Vendors
- DataCard Corp.
- Eastcompeace Technology Co. Ltd.
- IRIS Corp. Bhd
- Muehlbauer AG
Key Market Driver
- Increasing Demand from Developing Countries.
Key Market Challenge
- High Initial Deployment and Replacement Costs .
Key Market Trend
- Shift towards Third-generation e-passports.
Global Contactless Smart Cards Market 2014-2018: Smart cards are pocket-sized cards that are generally made of plastic and embedded with integrated circuits. They are mainly used for identification, authentication, data storage, and application processing. Smart cards are mainly of two types: contact-based and contactless. Contactless cards generally use radio-frequency induction technology for data and information transfer. The rate of data transfer can vary between 106 kbits/s to 848 kbits/s. Communication is facilitated by an antenna. These cards use inductors to capture the incident RF interrogation signal, which is rectified and used to power the card's electronics. In other words, signals are sent to the card reader, which then transfers the data and information into the system. Contactless smart cards are more user-friendly than contact-based smart cards.
Analysts forecast the Global Contactless Smart Card market will grow at a CAGR of 33.5 percent during the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Contactless Smart Cards market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of contactless smart cards used for government ID, payment, transit, and access control. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Global Contactless Smart Cards market.
Report, the Global Contactless Smart Cards Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC, and the EMEA regions; it also covers the Global Contactless 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.
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Key Questions Answered in this Report
- What will the market size be in 2018 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?
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