What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global Smart Card Market in the Government Sector 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-it-security-smart-card-government-sector-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-it-security-smart-card-government-sector-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-it-security-smart-card-government-sector-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-it-security-smart-card-government-sector-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-it-security-smart-card-government-sector-market'>Read More</a>

Published: Apr 2016
Pages: 61
SKU: IRTNTR9276

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Overview of the global smart card market in the government sector

Technavio’s market research analyst predicts that the global smart card market in the government sector will grow at a CAGR of more than 10% by 2020. Due to rising incidences of identity fraud and forgery, government authorities have been compelled to introduce smart cards to reduce instances of duplication or imitation of an individual’s identity. The data stored on smart cards are secured through a PIN; hence, it is difficult to forge any information from these cards. Several government organizations are adopting the use of smart cards in passports and driving licenses as they offer high security and reliability. With the growing need to prevent fraudulent activities in government documents, the growth prospects for this market will have a positive outlook until the end of 2020.

An important trend gaining traction in this market is the emergence of multi-application smart cards. These cards are a combination of contactless and contact interfaces in a single card. Since these cards include benefits like shared storage and information processing, it eliminates the need to carry multiple cards for different applications. Technavio’s market research analysts estimate that the Indian government will implement the use of multi-application smart cards for national IDs and e-purses by 2020. The integration of several biometric technologies in these cards will increase their usage, which, in turn, will foster market growth during the forecast period.