Research and Markets: Smart Card Market in Latin America 2015-2019 with Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies & Watchdata System Dominating

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/gbrh3p/smart_card_market) has announced the addition of the "Smart Card Market in Latin America 2015-2019" report to their offering.

The Smart Card market in Latin America to grow at a CAGR of 8.8 percent over the period 2014-2019.

The report, the Smart Card Market in Latin America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Smart Card market in Latin America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

The increased adoption of near- field communication payments is a major trend emerging in this market. With growing awareness of NFC payment solutions, the adoption of smart cards by the BFSI sector is increasing. NFC-enabled mobile devices operate in card emulation mode for mobile contactless payments. Therefore, they are being widely adopted by some of the emerging sectors.

According to the report, the entry of prominent global vendors in developing countries is one of the major drivers of growth. As Latin America lacks local players with expertise, it is the global players who control the market in this region. This leads to a high degree of competition among vendors, which forces them to offer smart cards at nominal rates.

Further, the report states that smart cards are priced high in developing countries because of the small number of vendors. However, in regions where there are a large number of vendors, there is intense competition, leading to price wars among vendors, thereby forcing them to reduce the prices of smart cards, and this poses a serious challenge for the Smart Card market in Latin America.

To calculate the market size, the report considers revenue generated from the sales of the following type of smart cards:

  • Contact-based
  • Contactless

The report consolidates the revenues generated from the following major sectors:

  • BFSI Sector
  • Government Sector
  • Transportation Sector

Key Vendors

  • Gemalto
  • Giesecke & Devrient
  • Morpho
  • Oberthur Technologies
  • Watchdata System

Other Prominent Vendors

  • AB Note
  • Arm Holdings
  • ASK
  • Atmel
  • Crocus Technology
  • Datacard
  • Diebold
  • Infineon Technologies
  • Ingenico
  • Inside Contactless
  • Verifone System

For more information visit http://www.researchandmarkets.com/research/gbrh3p/smart_card_market

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Sector: Computing and Technology

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Computing and Technology