[January 08, 2015]

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

Research and Markets (http://www.researchandmarkets.com/research/bft2b9/smart_card_market) has announced the addition of the "Smart Card Market in North America 2015-2019" report to their offering.

The analysts forecast the Smart Card market in North America to grow at a CAGR of 18.4% over the period 2014-2019

A smart card is a pocket-sized plastic card embedded with ICs, which are also called microchips. These are used for security purposes for authentication, identification, data storage, and application processing. Smart cards are used in some of the major sectors such as the BFSI, Government, Transportation, Healthcare, and Defense.

They are classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of about 1 sq. cm and are inserted into a smart card reader for usage. On the other hand, contactless smart cards employ an RF between the card and the reader and need no physical insertion, ths being more user-friendly than contact-based smart cards.

The accessibility of twin smart cards is one of the major trends witnessed in the market. Also known as hybrid cards, these are a combination of a contactless interface and a contact interface in a single card. These cards eliminate the need to carry multiple cards, providing ease of handling.

According to the report, the need for tamper-resistant systems is one of the major drivers in the market. Smart cards are tamper-free and their information can only be accessed by decoding the pin code, which is difficult. Therefore, smart cards help secure user data and information.

Further, the report states that the high cost of implementation is one of the major challenges faced by the market. Smart cards are priced depending on the security level of the microchips used in them. Hence, the price of a smart card increases with the increase in the level of security offered. Because smart cards are adopted in large numbers, the total cost of implementation is high.

Key Vendors

• Gemalto (News - Alert)
• Giesecke & Devrient
• Morpho
• Oberthur Technologies

Key Topics Covered:

1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
5. Introduction
6. Market Description
7. Market Landscape
8. Market Segmentation by Technology
9. Market Segmentation by End-users
10. Market Attractiveness
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Key Developments
21. Assumptions

For more information visit http://www.researchandmarkets.com/research/bft2b9/smart_card_market

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