Advancement in Smart Card Standards Across the Globe

Demand for smartcard is poised for high growth with improvement in smartcard standards globally, says RNCOS.


Noida, UP -- (SBWIRE) -- 12/19/2014 -- Advancements in smart card standards are currently driving the world in the areas of identity management and financial transactions, among others. The international standards for smart cards are highly necessary to generate optimally flexible and interoperable identity systems that can function globally. Smart cards and their complementary technologies are exercised by a strong set of industry forums and non-government standards bodies, for instance, the ISO, the NFC Forum, Smart Card Alliance, and the Europay/Mastercard/Visa Federation.

According to our report, "Smart Card Market Outlook 2018", Europay, EMV 2000 version 4.0, MasterCard, and Visa worked in cooperation over the last few years to develop specifications that describe a set of necessities to make certain interoperability between chip cards and terminals on a global basis. As smart cards improve the convenience and security of any transaction, provide tamper-proof storage of user and account identity, smart card systems have proven to be more reliable than other machine-readable cards. Hence, regulatory bodies and various institutions are gradually improving the standards associated with the smartcards, in order to boost their reliability.

The report, "Smart Card Market Outlook 2018", provides a critical analysis and an unbiased view into the state of the global Smart Card industry, including the current and future market size for various industry segments. The report features Smart Card market for various application areas such as telecommunication, financial services, government and transportation. Further, the report analyzes global Smart Card industry performance on geographical front. The research includes an in-depth country level analysis of 16 major Smart Card markets viz. US, Canada, UK, France, Germany, Russia, Japan, China, South Korea, India etc.

Additionally, the report also talks about different trends and driver, boosting industry growth along with the potential growth areas. Also, our study delves into the competitive landscape covering business overview, key financials, product analysis and strategic initiatives of major Smart Card players worldwide. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.