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Global Smart Card Market In The Government Sector to Rise at a CAGR of 10.69% during 2016-2020

Press Release   •   Jan 03, 2017 04:37 EST

About Smart Card Market in the Government Sector

Smart cards are pocket-sized cards that are embedded with integrated circuits. Smart cards can be used in many sectors such as banking, financial services, and insurance (BFSI); transportation; government; and healthcare for identification and authentication. They provide individuals with authorized access to secured premises of an organization to ensure data security and confidentiality. Smart cards are used for various applications such as payments and transit ticketing.

In the government sector, smart cards are used for authentication. These cards store data and information of users such as biometric data and bank account details. Some governments, such as that of Turkey, have implemented the use of smart card driving licenses that keep a record of driving offenses and unpaid fines. Smart cards are used to store confidential medical information such as blood type, allergies, and biometric data.

Technavios analysts forecast the global smart card market in the government sector to grow at a CAGR of 10.69% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart card market in the government sector for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and shipment of smart cards in the government sector.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Smart Card Market in the Government Sector 2016-2020, 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.

Download Sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/715904

Key vendors

Gemalto NV

Giesecke & Devrient GmbH

Oberthur Technologies

Safran SA

Watchdata Technologies

Other prominent vendors

Advanced Card Systems

CardLogix

Entrust DataCard

Infineon Technologies

Market driver

Increased need to reduce identity duplication

For a full, detailed list, view our report

Market challenge

High total cost of ownership

For a full, detailed list, view our report

Market trend

Emergence of multi-application smart cards

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 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?