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Global Banking and Payment Smartcards Market Will Grow at a CAGR of 10.4% by 2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Banking and Payment Smart Cards Market 2015-2019” research report to their website


Lewes, DE -- (SBWIRE) -- 02/02/2015 -- Smartcards are specially designed pocket-sized plastic cards with an IC. They are mainly used for identification, authentication, data storage, and application processing. In the Banking and Payment industry, smartcards are used as credit/debit cards, fuel cards, authentication cards for payments, high security identification cards, and access control cards. They can also be used as electronic wallets. It is carried out by loading the smartcard with funds that can be transferred to a vending machine or a merchant's account with the help of cryptographic protocols.

Publisher's analysts forecast the Global Banking and Payment Smartcards market will grow at a CAGR of 10.4 percent over the period 2014-2019.

According to the report, the increased need for a tamper-resistant payment system is one of the major drivers in this market. Generally, cards are embedded with magnetic tapes that only store information about the end-user's account. This tape can be easily tampered with, which may lead to a monetary loss for the end-user. These cards are therefore being replaced with smart cards as they store all information in the form of a pin code that is difficult to decode.

This report covers the present scenario and the growth prospects of the Global Banking and Payment Smart Card market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smartcards, which includes the following:

- Contact-based
- Contactless

The report consolidates the revenues generated from the following major geographies:
- Europe
- Latin America
- North America

Key Regions
- Europe
- Latin America
- North America

Key Vendors
- Gemalto
- Giesecke & Devrient
- Morpho
- Oberthur Technologies

Other Prominent Vendors
- American Express
- ARM Holdings
- Atmel
- DataCard
- Infineon Technologies
- MasterCard
- Visa

Key Market Driver
- Increased Need for Tamper-resistant System
- For a full, detailed list, view our report

Key Market Challenge
- High Cost of Deployment and Replacement
- For a full, detailed list, view our report

Key Market Trend
- Increased Adoption of NFC Payments
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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 102 pages, "Global Banking and Payment Smart Cards Market 2015-2019" report covering the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Description, Market Landscape, Market Segmentation by Technology, 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, Key Developments, Assumption. The report covered companies are - Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, ARM Holdings, Atmel, DataCard, Infineon Technologies, MasterCard, Visa

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