A Push Towards Curtailing Identity Theft and Forgery Will Stimulate the Global Contactless Smart Card Market through 2019

Reportstack has announced a new market research report on the Global Contactless Smart Card Market 2015-2019 which will post a CAGR of 30.31 percent through 2019.

About the Report

According to the report, the number of fraud and forgery cases has increased as technology progresses. Contactless smart cards can provide a one-stop solution to the issue, as these cards are accessed with the help of a PIN and are not easy to decode. Because the information is stored on a parent system, this PIN becomes exceptionally difficult to interpret.

“Several government organizations are making contactless smart card technology mandatory for passports and driver's licenses, as it reduces the risk of data theft or identity duplication,”.

Furthermore, the report emphasizes the increased adoption of smart cards in developing countries, which is expected to support market growth. Government agencies in countries like India are increasingly adopting these cards for use as driver's licenses, e-passports, identity cards and voter ID.

“Many developing countries are also launching twin smart cards, which are a combination of contactless and contact interfaces and are very easy to handle.”  

To access full report with TOC, please visit Global Contactless Smart Card Market 2015-2019

Key Information Covered in the Report:

Market segmentation, size and forecast through 2019

Market Growth Drivers:

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

Market Challenges:

Complexity of Technology
For a full detailed list, view our report.

Market Trends:

Increased Adoption of Smart Cards in Developing Countries
For a full detailed list, view our report.

Key Vendors:

ASK SA
Gemalto NV
Morpho SA

Other Prominent Vendors:

CardLogix
DataCard
Infineon Technologies

About Reportstack:

Reportstack is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack members with cutting edge research products to facilitate strategic business decisions.

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