Smart Card Market Growth in Telecom Sector - 2019 Analysis Research Report

(IT-NEWSWIRE.COM, April 21, 2015 ) 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 are classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of approximately 1 square cm. These cards are inserted into the smart card reader. Contactless smart cards are embedded with integrated circuits that process and store data and communicate with a terminal via radio frequencies. These cards are used by employing a radio frequency between card and the reader that needs no physical insertion of the card. Therefore, contactless smart cards have faster applications and are user-friendly. Contactless smart cards are widely accepted and used by some of the major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.

The analysts forecast Global Smart Card market in the Telecom sector to grow at a CAGR of 4.98 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Smart Card market in the Telecom sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smart cards in the Telecom sector. The report does not include revenue generated from the sales of contactless smart cards in the Telecom sector.

The report, Global Smart Card Market in Telecom Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, North America, and the MEA region; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key Regions

APAC

Europe

Latin America

MEA

North America

Key Vendors

Gemalto

Giesecke & Devrient

Morpho

Oberthur Technologies

Watchdata System

Other Prominent Vendors

AB Note

Advanced Card Systems

CardLogix

Infineon Technologies

Inside Secure

NXP Semiconductors

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Market Driver

Increased Need to Reduce Identity Duplication

Market Challenge

Intense Competition

Market Trend

Increased Adoption of NFC Payment

Key Questions Answered in this Report

What will the market size be in 2018 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?

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