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Contactless Smart Cards Market In Banking Sector To Grow At A CAGR Of 33.09% During The Period 2016-2020

Wednesday, October 5, 2016 4:29
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(Before It's News)

A smart card is a pocket-sized card with an embedded microcircuit. Smart cards are used by organizations in various sectors such as banking, financial services, and insurance (BFSI); transportation; government; and healthcare for identification and authentication of individuals. They can be used by employees in enterprises to gain authorized access to secured premises to ensure data security. Based on technology, smart cards can be segmented into contact-based and contactless smart cards. 

Publisher’s analysts forecast the global contactless smart cards market in banking sector to grow at a CAGR of 33.09% during the period 2016-2020.

For more information about this report:              

Covered in this report 
The report covers the present scenario and the growth prospects of the global contactless smart cards market in banking sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of contactless smart cards used for payments.

The market is divided into the following segments based on geography: 
- Europe
- North America
- South America

Publisher’s report, Global Contactless Smart Cards Market in Banking Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
- Gemalto
- Giesecke & Devrient
- Safran 
- Oberthur Technologies


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Other prominent vendors 
- American Express
- Bell ID
- CardLogix
- DataCard
- HID Global
- Infineon Technologies
- MasterCard
- NXP Semiconductors
- Smart Card IT Solutions
- Visa

Market driver 
- Growing need to reduce identity duplication 
- For a full, detailed list, view our report 

Market challenge 
- Lack of awareness about contactless smart cards among end-users
- For a full, detailed list, view our report 

Market trend 
- Introduction of hybrid smart cards
- For a full, detailed list, view our report 

Key questions answered in this report 
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors? 

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.


Inquire for Report at       


Contact Us:

Call: +1-646-491-9876

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