[ad_1]
According to a new market research report published by Credence Research "The market for smart cards (by type – contact smart cards, contactless smart cards, dual-interface smart cards and smart cards. Hybrid Chips) – Growth, Sharing, Opportunities, Analysis, and Forecasts 2015-2022 ", the global smart card market was valued at US $ 7,568.5 million in 2014 and is expected to increase with a CAGR of 7.2 % from 2015 to 2022.
Browse Full Report at http://www.credenceresearch.com/report/smart-cards-market
Market Insights
Smartcards refer to a integrated pocket device with an integrated circuit chip (IC). The IC chip of the card can be based on a memory card or on a microcontroller card depending on the function of the smart cards. The smart card is used by connecting it to a smart card reader either by direct physical contact or by radio frequency (RF) communication. Thus, the operation of smart cards is quite similar to that of traditional magnetic stripe cards and barcodes
Download Example of research report with tables and figures @ http://www.credenceresearch.com/sample- request / 57836
The most important factor in the growth of the smart card market is the high penetration in the telecommunications sector. Smart cards are widely used as a Subscriber Identity Module (SIM) in mobile phones, thus increasing the demand on a global scale. Due to the increasing penetration of mobile phones worldwide, the growth of the smart card market is expected to remain stable throughout the forecast period.
Another important factor is security features compared to traditional cards. Smart cards are relatively difficult to clone and therefore can not be easily misused for any application. These cards are equipped with internal memory (larger than magnetic stripe cards) which allows for better security features on smart cards. This makes smart cards usable in various applications such as banking, identity cards (ePbadport), health care and others.
Investigate before buying the research report @ http://www.credenceresearch.com/inquiry-before-buying/ 57836
Competitive Prospects
The World Market for Trading Cards chip is consolidated by nature, with few international players contributing more than fifty percent of total market revenue. The main market players are Giesecke & Devrient (G & D), Gemalto NV and Oberthur Technologies. Infineon Technologies AG, NXP Semiconductors NV, Atos SE, INSIDE Secure SA, CardLogix Corporation and others are important players in the market.
Smart cards have had strong penetration in various application areas such as identity cards, telecommunications and banking. Thus, market players are focusing on developing better security features with minimal cost of cards.
Development of advanced smart card solutions with improved security and reliability
Smart cards for medical applications
Penetration of smart cards into identity cards of countries around the world
Acquiring and Partnering with Smart Card Manufacturers and Component Manufacturers
About Us:
Credence Research is a global market research firm that provides services to organizations, governments and corporations. non-legislative badociations. -advantages. We provide our clients with help to make lasting improvements to their execution and understand their most imperative goals. For nearly a century, we have manufactured a company extraordinarily prepared for this task
Contact:
Name: Chris Smith
Designation: Director of Worldwide Sales [19659002] Address: 105 N 1st ST # 429, SAN JOSE, CA 95103, United States
Email: [email protected]
Tel .: 1-800-361 -8290
Web: http://www.credenceresearch.com/
Source link
