Market Research Reports, Inc. has announced the addition of “Global Contactless Smart Card Market 2015-2019” research report to their website http://www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 03/02/2015 --Report forecast the Global Contactless Smart Card market to grow at a CAGR of 30.31 percent over the period 2014-2019.

A smart card is a pocket-sized card, 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. 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 the 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 major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.

According to the report, the increased need to reduce identity duplication is one of the major factors driving market growth. With advances in technology, the amount of fraud and forgery related to identity duplication is rising. Secure solutions can prevent identify duplication as contactless smart cards are tamper-proof and difficult to decode.

This report covers the present scenario and the growth prospects of the Global Contactless Smart Card market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of contactless smart cards. The report also covers the global shipment details of contactless smart cards.

The report consolidates the revenue generated from the following major applications:
Government ID
Payment
Transit
Access control

Global Contactless Smart Card Market 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 Global Contactless Smart Card market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions
APAC
Europe
Latin America
MEA
North America

Key Vendors
ASK
Gemalto
Giesecke & Devrient
Morpho
Oberthur Technologies
Watchdata System

Other Prominent Vendors
Advanced Card Systems
CardLogix
DataCard
Infineon Technologies
NXP Semiconductors
Secura Key
Sony Felica
SpringCard

Market Driver
Increase in Number of Identity Duplication
For a full, detailed list, view our report

Market Challenge
Complex Technology of Smart Card Chip
For a full, detailed list, view our report

Market Trend
Adoption of Smart Cards in Developing Countries
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?

Spanning over 105 pages, "Global Contactless Smart Card Market 2015-2019" report covering the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Landscape, Market Segmentation by Application, Market Attractiveness, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis. The report covered companies are – ASK, Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, Watchdata System, Advanced Card Systems, CardLogix, DataCard, Infineon Technologies, NXP Semiconductors, Secura Key, Sony Felica, SpringCard

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-contactless-smart-card-market-2015-2019

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