Research and Markets: Global Banking and Payment Smart Cards Market Analysis & Forecasts Report, 2016 Featuring Gemalto, Giesecke & Devrient, Morpho 7 Oberthur Tech

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/dqmbwt/global_banking) has announced the addition of the "Global Banking and Payment Smart Cards Market Analysis & Forecasts Report, 2016" report to their offering.

One of the major drivers is the increased need for a tamper-free payment system. Generally, cards are embedded with magnetic tapes which only store the information on end-users' accounts. These can be easily tampered with, and this can result in monetary loss for end-users. Smart cards store all the information in the form of a pin code which is difficult to decode. This protects the financial information about end-users.

An NFC-enabled device can operate in reader/writer, peer-to-peer or card emulation mode. For mobile contactless payments, the NFC-enabled mobile device operates in card emulation mode and appears to an external reader to be a traditional contactless smart card. Payment information is stored in the mobile phone in a secure element, which is a smart card chip that protects stored data and enables secure transactions. Contactless payments and ticketing using NFC devices can enable secure monetary transactions. As the adoption of NFC-based payments is increasing, this is supporting the growth of the Global Banking and Payment Smart Card market.

Further, the report states that the major challenge faced by the market is the high initial deployment and replacement cost. Regions such as South America and the APAC region have limited vendor penetration and few local players. The limited vendor penetration has led to the market being controlled by a small set of vendors; hence, the low competition is resulting in high initial deployment and replacement cost.

The key vendors dominating this space include:

  • Gemalto N.V.
  • Giesecke & Devrient GmbH
  • Morpho SA
  • Oberthur Technologies.

The other vendors mentioned in this report are:

  • American Express
  • ARM Holdings plc
  • Atmel Corp.
  • DataCard Corp.
  • Infineon Technologies AG
  • MasterCard Inc.
  • Visa Inc.

Key Topics Covered:

01. Executive Summary

02. Scope of the Report

03. Market Research Methodology

04. List of Abbreviations

05. Introduction

06. Market Description

07. Market Landscape

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/dqmbwt/global_banking

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Banking

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Banking