Smart Card Market in Europe Will Grow At A CAGR Of 4.5% During The Period 2016-2019

About Smart Card

A smart card is a pocket-sized card, generally made of plastic, and is embedded with integrated circuits, also known as microchips. Smart cards are used for security purposes for authentication, identification, data storage, and application processing. They are widely used in sectors such as BFSI, Government, Transportation, Healthcare, and Defense. These cards are broadly classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of approximately 1 square cm. These cards are used by inserting into a smart card reader. On the other hand, contactless smart cards are used by employing radio frequency between cards and a reader, which needs no physical insertion of the cards. Therefore, contactless smart cards have faster applications and are more user-friendly than contact-based smart cards.

TechNavio's analysts forecast the Smart Card market in Europe to grow at a CAGR of 4.5 percent over the period 2014-2019.

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Covered :

This report covers the present scenario and the growth prospects of the Smart Card market in Europe for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following type of smart cards:

Contact-based
Contactless

The report consolidates the revenues generated from the following major sectors:

BFSI Sector
Government Sector
Transportation Sector

The market is highly fragmented with the presence of a large number of small and large vendors. Therefore, it does not provide the market share of the vendors; it only lists the key vendors in the market.

TechNavio's report, the Smart Card Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Smart Card market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions

Europe

Key Vendors

Gemalto
Giesecke & Devrient
Morpho
Oberthur Technologies
Watchdata System

Other Prominent Vendors

AB Note
Arm Holdings
ASK
Atmel
Datacard
Diebold
Infineon Technologies
Ingenico
Inside Contactless
Verifone System

Key Driver

Growing Need to Reduce Identity Duplication
For a full, detailed list, view our report

Key Challenge

High Cost of Implementation
For a full, detailed list, view our report

Key Trend

High Adoption of E-commerce
For a full, detailed list, view our report

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This release was published on openPR.