DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bft2b9/smart_card_market) has announced the addition of the "Smart Card Market in North America 2015-2019" report to their offering.
The analysts forecast the Smart Card market in North America to grow at a CAGR of 18.4% over the period 2014-2019
A smart card is a pocket-sized plastic card embedded with ICs, which are also called microchips. These are used for security purposes for authentication, identification, data storage, and application processing. Smart cards are used in some of the major sectors such as the BFSI, Government, Transportation, Healthcare, and Defense.
They are classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of about 1 sq. cm and are inserted into a smart card reader for usage. On the other hand, contactless smart cards employ an RF between the card and the reader and need no physical insertion, thus being more user-friendly than contact-based smart cards.
The accessibility of twin smart cards is one of the major trends witnessed in the market. Also known as hybrid cards, these are a combination of a contactless interface and a contact interface in a single card. These cards eliminate the need to carry multiple cards, providing ease of handling.
According to the report, the need for tamper-resistant systems is one of the major drivers in the market. Smart cards are tamper-free and their information can only be accessed by decoding the pin code, which is difficult. Therefore, smart cards help secure user data and information.
Further, the report states that the high cost of implementation is one of the major challenges faced by the market. Smart cards are priced depending on the security level of the microchips used in them. Hence, the price of a smart card increases with the increase in the level of security offered. Because smart cards are adopted in large numbers, the total cost of implementation is high.
- Giesecke & Devrient
- Oberthur Technologies
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Description
- Market Landscape
- Market Segmentation by Technology
- Market Segmentation by End-users
- 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
For more information visit http://www.researchandmarkets.com/research/bft2b9/smart_card_market