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Global Contactless Smart Cards Market 2016-2020

  • Published: Mar 2016
  • Pages: 56
  • SKU: IRTNTR8883
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Outlook of the global contactless smart cards market

Smart cards are pocket-sized cards that contain integrated circuits and can be used for individual identification and authentication by organizations across various sectors. The prospects for growth in this market will be driven by factors like the high convenience of contactless smart cards and the augmented utilization of contactless smart cards by governments to address their rising need for security. Comprehensive market research carried out by the analysts at Technavio has shown that the global market for contactless smart cards market will grow profoundly at a CAGR of almost 33% by 2020.

The rising need for a tamper-resistant system will be the key driver for the growth of this market. Smart cards with magnetic strips have the capability to store financial information about end users. However, these cards can easily be tampered with, which will result in the loss of personal information or data. Since contactless smart cards with PIN codes are difficult to tamper with, they are increasingly being adopted to bolster the safety of the card holder’s accounts.

Segmentation by application and analysis of the contactless smart cards market

  • Access control
  • Payment
  • Transit
  • Government ID

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • How contactless smart cards work
  • Smart card memory
  • Types of smart cards
  • Applications of contactless smart cards
  • Advantages of smart cards
  • Disadvantages of smart cards

PART 05: Market landscape

  • Market overview
  • Global smart cards market
  • Share of contactless smart cards in the global smart cards market
  • Global contactless smart cards market

PART 06: Life cycle analysis

PART 07: Market segmentation by application

  • Global contactless smart cards market by application segmentation 2015-2020
  • Global contactless smart cards market by government ID
  • Global contactless smart cards market by transit
  • Global contactless smart cards market by payment
  • Global contactless smart cards market by access control

PART 08: Geographical segmentation

  • Global contactless smart cards market by geographical segmentation 2015-2020
  • Global contactless smart cards market by geographical segmentation 2015-2020 (revenue)

PART 09: Buying criteria

PART 10: Market drivers

  • Need for tamper-resistant system
  • Need to reduce identity duplication
  • User-friendly transaction solutions
  • Increased use of electronic purses

PART 11: Impact of drivers

PART 12: Market challenges

  • High TCO
  • Rise in price-based competition
  • Increase in smart card chip complexity
  • Lack of awareness among end-users regarding contactless smart cards

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Emergence of multi-application smart cards
  • Advent of NFC-based mobile phones
  • Integration of biometric technologies in smart cards
  • Increased adoption of smart cards in developing countries

PART 15: Five forces model

PART 16: Vendor landscape

  • Competitive scenario
  • Product offerings
  • Description of vendors
  • Vendor matrix
  • Competitive rating
  • Other prominent vendors

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

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