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Global Smart Cards Market - Analysis, Technologies & Forecasts to 2021 - Key Vendors are Gemalto, Giesecke & Devrient, OT-Morpho & WatchdataDUBLIN, August 22, 2017 /PRNewswire/ -- The "Global Smart Cards Market 2017-2021" report has been added to Research and Markets' offering. The global smart cards market to grow at a CAGR of 8.84% during the period 2017-2021. The report, Global Smart Cards Market 2017-2021, 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. The latest trend gaining momentum in the market is the availability of hybrid smart cards. Hybrid smart cards have dual-interface, which is a combination of contactless and contact interface on a single card. These cards are used for shared storage and processing of information. Hybrid smart cards eliminate the need for multiple cards. Large volumes of data and information can be consolidated in a single card. For instance, HID Global offers Crescendo, a highly secure hybrid smart card technology that converges physical and logical access control using multiple integrated chips in a card. The availability of hybrd cards will increase the adoption of banking and payment smart cards, which will have a positive impact on the global smart cards market. According to the report, one of the major drivers for this market is the increasing number of cashless transactions. Smart cards are generally deployed with preinstalled data codes for unique identification. This makes it easy for end-users to use smart cards by swiping the card against the card reader. The card reader immediately analyzes the code and send it to the system to provide information about the end-user. Thus, contactless smart cards ease the payment process by providing a user-friendly environment for the end-users. Key vendors
Other prominent vendors
Key Topics Covered: Media Contact: Laura Wood, Senior Manager
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