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Availability of Hybrid Smart Cards Market To Set At CAGR Of 8.84% Between 2017-2021

Press Release   •   Aug 21, 2017 07:22 EDT


About Smart Cards

Smart cards are pocket-sized plastic cards embedded with integrated circuits (ICs) and are also known as microchips. These are primarily used for security purposes such as authentication and identification. Smart cards are also used for data storage and application processing.

Smart cards are broadly classified into contact-based and contactless cards. Contact-based smart cards have a contact area of approximately 1 square cm and are used by inserting them into a smart card reader. On the other hand, contactless smart cards function with the help of radio frequency, which eliminates the need for any physical insertion into the card reader.

Technavios analysts forecast the global smart cards market to grow at a CAGR of 8.84% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart cards market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sale and shipment of contact-based and contactless smart cards.
The market is divided into the following segments based on geography:

APAC

Europe

MEA

North America

South America

Technavio's report, Global Smart Cards Market 2017-2021, 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.

Key vendors

Gemalto

Giesecke & Devrient

OT-Morpho

Watchdata

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Other prominent vendors

ARM

Rambus

CardLogix

DataCard

HID Global

Infineon Technologies

NXP Semiconductors

Smart Card IT Solutions

Market driver

Increasing number of cashless transactions

For a full, detailed list, view our report

Market challenge

Increase in competition among vendors

For a full, detailed list, view our report

Market trend

Availability of hybrid smart cards

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 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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