Research and Markets: Global Smart Card Market in the Government Sector 2015-2019 with Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies & Watchdata Dominating
“Global Smart Card Market in the Government Sector 2015-2019”
The analysts forecast the Global Smart Card market in the Government sector to grow at a CAGR of 10.2 percent over the period 2014-2019.
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.
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.
Key Vendors
- Gemalto
- Giesecke & Devrient
- Morpho
- Oberthur Technologies
- Watchdata
Other Prominent Vendors
- AB Note
- Advanced Card Systems
- CardLogix
- DataCard
- Infineon Technologies
- Inside Secure
- NXP Semiconductors
