Lewes, DE -- (SBWIRE) -- 03/12/2015 -- Report forecast the Global Smart Card market in the Government sector to grow at a CAGR of 10.2 percent over the period 2014-2019.

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.

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

According to the lead analyst of this report,the availability of twin smart cards is a key trend witnessed in the market. Twin smart cards, also known as hybrid cards, eliminate the need to carry multiple cards, thus providing ease of handling.

According to the report, the increased use of smart cards in the defense sector is a major driver in the market. The need for advanced levels of security is high because of the increased number of terrorist attacks. As a result, defense agencies of developed countries have employed smart cards for identification and access control.

Further, the report states that the complex technology of smart card chips poses a threat to the market. Microchips embedded in cards are used for data and information storage. As these chips are technologically advanced, they are more complex to use than magnetic tape smart cards.

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

This report covers the following companies as the key players in the Global Smart Card Market in Government Sector: Gemalto NV, Giesecke & Devrient GmbH, Morpho SA, Oberthur Technologies and Watchdata System Co. Ltd.

Other Prominent Vendors in the market are: Advanced Card Systems, AB Note, CardLogix, DataCard, Infineon Technologies, NXP Semiconductors and Inside Secure.

Key Regions
- APAC
- Europe
- Latin America
- MEA
- North America

Market Driver
- Increased Use of Smart Cards in Department of Defense
- 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
- Availability of Twin Smart 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?

Spanning over 91 pages, "Global Smart Card Market in the Government Sector 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, Market Landscape, Geographical Segmentation, 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.

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

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