DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/599v63/smart_card_market) has announced the addition of the "Smart Card Market in Europe 2015-2019" report to their offering.
The Smart Card market in Europe to grow at a CAGR of 4.5% over the period 2014-2019
The report, the Smart Card Market in Europe 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 Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
High adoption of smart cards in e-commerce is one of the major trends in the market. E-commerce functions through debit/credit cards or online transactions. These debit or credit cards are embedded with chipsets that store data, which helps in making secure payments. With the rise in adoption of e-commerce, the demand for smart cards is also expected to increase.
According to the report, increasing need to reduce identity duplication is one of the major drivers in this market. The number of cases of fraud and forgery has increased because of advances in technology. Hence, the increase in fraudulent activities is compelling vendors to create a solution that is difficult to duplicate.
Further, the report states that high implementation costs are one of the major challenges in this market. The price of smart cards is based on the microchips used in them. Hence, the price of a smart card increases with the increase in the level of security offered. As smart cards are adopted in large numbers, the total cost of implementation is high.
To calculate the market size, the report considers revenue generated from the sales of the following type of smart cards:
The report consolidates the revenues generated from the following major sectors:
- BFSI Sector
- Government Sector
- Transportation Sector
- Giesecke & Devrient
- Oberthur Technologies
- Watchdata System
Other Prominent Vendors
- AB Note
- Arm Holdings
- Infineon Technologies
- Inside Contactless
For more information visit http://www.researchandmarkets.com/research/599v63/smart_card_market