Transit Cards Market 2017 Global Trends, Analysis, Opportunities and Forecast to 2020

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New York, NY -- (SBWIRE) -- 08/31/2017 -- The analysts forecast the global transit cards market to grow at a CAGR of 8.06% during the period 2016-2020.

The increase in population and urbanization has resulted in the growing need for mobility. Public transportation has become the most preferred mode of transportation for people to avoid problems such as air pollution and traffic congestion. Traveling by buses, trains, and metros is often more comfortable, convenient, and cost-effective. To make traveling for people more convenient and comfortable, public transport systems use modern ticketing systems such as contactless ticketing, which allows high passenger throughput.

A smart card is a pocket-sized card with either an embedded integrated circuit called a microcontroller chip, which has an internal memory, or a secured memory chip. Smart cards are used mainly for security purposes for authentication, identification, data storage, and application processing. With an embedded microcontroller chip, smart cards store large amounts of data; carry out their own on-card functions such as decryption, data storage and management, digital signature calculations, and encryption; and interact quickly with a smart card reader.

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Covered in this report

The report covers the present scenario and the growth prospects of the global transit cards market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of contactless and contact-based smart cards in the transportation sector, especially public transportation. However, it does not consider the revenue generated from contactless POS validators and near-field communication (NFC) payments in the transportation sector.

The market is divided into the following segments based on geography:
- Europe
- North America
- South America

The report, Global Transit Cards Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Datacard
- Gemalto
- Giesecke & Devrient
- Watchdata

Other prominent vendors
- Athena
- CardLogix
- Eastcompeace Technology
- 4G Identity Solutions
- Infineon Technologies

Market driver
- Need to reduce identity duplication
- For a full, detailed list, view our report

Market challenge
- High cost of implementation
- For a full, detailed list, view our report

Market trend
- Emergence of contactless smart cards in transportation sector
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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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Table Of Contents – Major Key Points

PART 01: Executive summary
- Highlights
- Market summary

PART 02: Scope of the report
- Market overview
- Segmentation

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights

PART 05: Market description
- Introduction of smart cards
- Types of smart cards
- Advantages and disadvantages of transit cards
- Working flow of smart cards

PART 06: Market landscape
- Market overview

PART 07: Market assumptions

PART 08: Life cycle analysis
- Life cycle of transit cards

PART 09: Global smart cards market
- Share of transit cards in global smart cards market
- Global transit cards market
- Unit shipment of transit cards

PART 10: Market development
- Integration of biometric technologies into smart cards

PART 11: Geographical segmentation
- Global transit cards market by geography

PART 12: Market attractiveness
- Global transit cards market segmentation by geography
- Transit cards market in APAC
- Unit shipment of transit cards in APAC
- Transit cards market in Europe
- Unit shipment of transit cards in Europe
- Transit cards market in South America
- Unit shipment of transit cards in South America
- Transit cards market in North America
- Unit shipment of transit cards in North America
- Transit cards market in MEA
- Unit shipment of transit cards in MEA

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