Smart Card in the Transportation – Expected to Grow Due to the Development of Alternate Payment Technologies Such As Contactless And Near Field Communication (Nfc)
One of the major restraints for growth of the smart card market is high cost for migration to smart cards. Reluctance in adoption of capital-intensive Point of Sale (PoS) terminals is impacting adoption of smart cards, especially for payment and financial applications. Restraints for growth of the global smart card market include the presence and development of alternate payment technologies such as contactless and near field communication (NFC) based devices.
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A smart card is a pocket-sized card, generally made of plastic, which is embedded with integrated circuits or microchips. It is used for authentication, identification, data storage, and application processing. Smart cards find a wide range of applications in the Transportation sector; they can be used as e-driving licenses or e-passports, and can also be used for payment and ticketing applications such as electronic toll and mass transit. Smart cards provide enhanced security and enable easy management in the Transportation sector.
Smart cards such as EMV (Europay, MasterCard, and Visa) offer enhanced security and help in limiting security risk associated with online payments. Growth of the global smart card market is majorly driven by increasing adoption of cellular subscriber identity module (SIMs) in the telecom industry. Growth of the global smart card market is also expected to be driven by increased penetration of mobile phones in emerging economies in the Middle East and Asia Pacific.
Industry Top Player’s
Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac,Eastcompeace, CPI Card Group, Hengbao, VALID, Wuhan Tianyu, Watchdata Systems Co. Ltd, Datang, Kona I
The global Smart Card in the Transportation market will reach xxx Million USD in 2017 and CAGR xx% 2011-2017. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Card in the Transportation by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
• Light Rail Transit
• Parking Fee Payment
• Other Application
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Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc)
Region Coverage (Regional Output, Demand & Forecast by Countries etc.):
• North America
• South America
• Middle East & Africa
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