Smart Card Market in Europe Will Grow At A CAGR Of 4.5% During The Period 2016-2019

A smart card is a pocket-sized card, generally made of plastic, and is embedded with integrated circuits, also known as microchips. Smart cards are used for security purposes for authentication, identification, data storage, and application processing. They are widely used in sectors such as BFSI, Government, Transportation, Healthcare, and Defense. These cards are broadly classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of approximately 1 square cm. These cards are used by inserting into a smart card reader. On the other hand, contactless smart cards are used by employing radio frequency between cards and a reader, which needs no physical insertion of the cards. Therefore, contactless smart cards have faster applications and are more user-friendly than contact-based smart cards.

TechNavio's analysts forecast the Smart Card market in Europe to grow at a CAGR of 4.5 percent over the period 2014-2019.

Covered :

This report covers the present scenario and the growth prospects of the Smart Card market in Europe for the period 2015-2019. 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

To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=245056

The market is highly fragmented with the presence of a large number of small and large vendors. Therefore, it does not provide the market share of the vendors; it only lists the key vendors in the market.

TechNavio's 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.

Key Regions

     Europe

Key Vendors

    Gemalto
    Giesecke & Devrient
    Morpho
    Oberthur Technologies
    Watchdata System

Other Prominent Vendors

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

Key Driver

    Growing Need to Reduce Identity Duplication
    For a full, detailed list, view our report

Key Challenge

    High Cost of Implementation
    For a full, detailed list, view our report

Key Trend

    High Adoption of E-commerce
    For a full, detailed list, view our report

For More Information Kindly Contact:

ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG