Smart Card Market 2018 – Contact Based, Contactless, Dual Interface, Hybrid Smart Cards and Applications in Various Sectors Analyzed at Sandlerresearch.org

Dallas, Texas (PRWEB) November 03, 2014

An increase in the use of contactless ID cards, especially in the government sector, is expected to contribute to the growth of the Smart Card market. The public/private sector is deploying smart ID cards to keep track of its records and provide information on employees to the accessing authority. The use of this type of ID card is expected to increase during the forecasted period.

Analysts forecast the global Smart Cards market to grow at a CAGR of 6.62 percent over the period 2013-2018. According to the report, the main driver of this market is the use of smart cards in the BFSI sector. Over the past few years, the security of and the technology used in smart cards have evolved with increased functionalities and storage capacity. This results in increased interest from financial sectors and related corporates to deploy smart cards, leading to the growth of the Global Smart Card market.

Smart cards are IC cards that are used to store and retrieve data using computer systems. Smart cards are comprised of a central processing unit and different types of memory units. As smart cards are easily portable, they are widely used in various parts of the world for different applications. Moreover, smart cards provide a cost-effective way of storing, managing, and maintaining accounts for end-users.

Covered in this Report

This report covers the presented scenario and the growth prospects of the Global Smarts Card market for the period 2014-2018. This report covers the entire range of smart cards including contact based, contactless, dual interface, hybrid smart cards, and their applications in various sectors.

The report does not consider the following to estimate the market size: