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Global Contactless Smart Card Market 2015-2019 with ASK, Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies & Watchdata System DominatingDUBLIN, Mar. 03, 2015 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/wd7q5c/global) has announced the addition of the "Global Contactless Smart Card Market 2015-2019" report to their offering. The Global Contactless Smart Card market to grow at a CAGR of 30.31% over the period 2014-2019 Smart cards are classified into two types: contact-based and contactless. Contactless smart cards are embedded with integrated circuits that process and store data and communicate with a terminal via radio frequencies. These cards are used by employing a radio frequency between the card and the reader that needs no physical insertion of the card. Therefore, contactless smart cards have faster applications and are user-friendly. Contactless smart cards are widely accepted and used by major sectors such as BFSI, Government, Transportation, Healthcare, and Defense. According to the report, the increased need to reduce identity duplication is one of the major factors driving market growth. With advances in technology, the amount of fraud and forgery related to identity duplication is rising. Secure solutions can prevent identify duplication as contactless smart cards are tamper-proof and difficult to decode. Further, the report states that one of the key challenges that the market faces is the complex technology of a smart card chip. The microchips embedded in cards are technologically advanced and more complex than a magnetic tape card. The report consolidates the revenue generated from the following major applications:
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For more information visit http://www.researchandmarkets.com/research/wd7q5c/global Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-contactless-smart-card-market-2015-2019-with-ask-gemalto-giesecke--devrient-morpho-oberthur-technologies--watchdata-system-dominating-300044660.html SOURCE Research and Markets |