Press release
Smart Cards Market to grow at a CAGR 8.84% to 2021 according to new research report
The market research report ‘Global Smart Cards market 2017-2021’ aims to offer insights into new business opportunities for companies such as Anritsu, Keysight Technologies, Fluke, Microtest, Cirris Systems.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.
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.
This 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.
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Key vendors Gemalto, Giesecke & Devrient, OT-Morpho, Watchdata.
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 Rising wireless field instruments, Availability of hybrid smart cards, For a full, detailed list, view our report.
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