Press release
Smart Cards Technology - Future Need for Secure and Reliable Instant Transactions
Free PDF for Full Details with Technological breakthroughs is @ http://bit.ly/2cKTo8J
Increasing security threats and the growth in fraudulent activities are propelling the adoption of smart cards across the globe. The global smart cards market is expected to expand at a CAGR of 7.4% from 2016 to 2023, rising from US$7.25 bn in 2014 to US$14.17 bn by 2023, states a research report by Transparency Market Research (TMR).
The decreasing cost of sim cards is one of the prime factors boosting the global smart cards market.
With the increased penetration of smartphones, the market for smart cards is expected to grow steadily. The rising trend of online transactions and payments, and thus an increase in security risks has driven up the demand for secure and reliable payment transactions. This in turn is encouraging innovations in smart card technology, thereby boosting the market. Europay, MasterCard, and Visa (EMV) chip technologies have become global standards for debit and credit card payments, by fighting fraudulent activities and guarding payment data stored in the cards. Thus, the increased adoption of EMV cards makes a significant contribution in boosting the smart cards market worldwide.
Read More: http://www.transparencymarketresearch.com/smart-card.html
NagraID (Switzerland) has announced the launch of bank cards with additional protection levels. NagraID DCVx is a card with a display on the back showing the CVV code, required for internet payments, but with a unique feature of updating itself periodically. In other words, the CVV code is periodically changed on the integrated display, with the code being set by the bank. The DCVx display is based on the electronic inks technology, which has extremely low power consumption, and thus, the built-in battery lasts for 3-5 years.
Zwipe (Norway) has recently developed smart cards with a biometric sensor. A cardholder has to press the window on the sensor using his thumb for a transaction, rather than entering a PIN on the terminal. The verification is carried out within the chip itself, where the fingerprint is stored. The Zwipe fingerprint sensor does not need any battery, and is powered by the NFC antenna of the card.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Cards Technology - Future Need for Secure and Reliable Instant Transactions here
News-ID: 362359 • Views: …
More Releases from TMR - Market Research
Printed Electronics Market: Future Forecast Assessed on the basis of how the Mar …
The global printed electronics market is moderately fragmented, with leading players focusing on mergers and acquisition as their strategic business alliances are helping them to acquire greater share in the market and making them formidable competition for others. The players within the printed electronics market are also fighting to gain leadership in the market by implementing the latest technologies and investing in research and development for coming up with product…
Internet of Things Market: Industry Analysis, Opportunity Assessment and Forecas …
The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc.
Top players in this market focused…
Water Purifier Market: Projection of Each Major Segment over the Forecast Period
The top two players, Eureka Forbes and Kent Ro system Ltd., held a dominant share of 65% in the India water purifier market in 2015. The consolidated market is expected to see the entry of several small and big companies, which spells hope for competition in the coming years, observes Transparency Market Research. “The promise of offering exceptionally services to the end users and making pure water affordable are the…
Water Purifier Market: Projection of Each Major Segment over the Forecast Period
The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc.
Top players in this market focused…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
