Boston, MA -- (SBWIRE) -- 11/12/2014 -- Smart cards are IC cards that are used to store and retrieve data using computer systems. Smart cards comprises a central processing unit and different types of memory units. As smart cards are easily portable, they are widely used in various parts of the world for different applications. Moreover, smart cards provide a cost-effective way of storing, managing, and maintaining accounts for end-users.

TechNavio's analysts forecast the Global Smart Cards market to grow at a CAGR of 6.62 percent over the period 2013-2018.

Covered in this Report
This report covers the present scenario and the growth prospects of the Global Smarts Card market for the period 2014-2018. This report covers the entire range of smart cards including contact based, contactless, dual interface, hybrid smart cards, and their applications in various sectors.

The report does not consider the following to estimate the market size:

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- Any support, services that are offered for smart cards
- Components that are used in developing/manufacturing/production of smart cards

TechNavio's report, Global Smart Cards Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the Global Smart Cards market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

- CardLogix
- Gemalto
- Giesecke and Devrient
- Morpho
- Oberthur Technologies

Other Prominent Vendors

- Eastcompeace Technology
- IRIS
- Muhlbauer

Key Market Driver

- Use of Smart Cards in BFSI Sector
- For a full, detailed list, view our report

Key Market Challenge

- High Cost
- For a full, detailed list, view our report

Key Market Trend

- Increased Use of Contactless ID Cards
- For a full, detailed list, view our report

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?

Companies Mentioned in this Report: CardLogix, Gemalto, Giesecke and Devrient, Morpho, Oberthur Technologies, Eastcompeace Technology, IRIS, Muhlbauer

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