Global Smart Card market in the Transportation sector to grow at a CAGR of 9.53% over the period 2015 - 2019; Finds New Report

Report forecast the Global Smart Card market in the Transportation sector to grow at a CAGR of 9.53 percent over the period 2014-2019.

A smart card is a pocket-sized card, generally made of plastic, which is embedded with integrated circuits or microchips. It is used for authentication, identification, data storage, and application processing. Smart cards find a wide range of applications in the Transportation sector; they can be used as e-driving licenses or e-passports, and can also be used for payment and ticketing applications such as electronic toll and mass transit. Smart cards provide enhanced security and enable easy management in the Transportation sector.

This report covers the present scenario and the growth prospects of the Global Smart Card market in the Transportation Sector for the period 2015-2019. The report does not include revenues generated from contactless smart cards used in Transportation sector.

According to the lead analyst of this report,increased usage of contactless smart cards is a positive trend in the market. As contactless cards are more user-friendly than contact-based cards, the adoption of these cards is expected to increase significantly in France, Russia, Brazil and Malaysia in the coming years.

According to the report, the growing need for tamper-resistant systems is a major driver 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 high initial deployment and replacement costs are a major challenge for the vendors. Regions such as South America and the APAC region have limited penetration of local and regional vendors. As a result, the market is controlled by a small group of vendors, leading to low competition.

Global Smart Card Market in the Transportation Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, North America, and the MEA region; it also covers the Global Smart Card market landscape in the Transportation sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

This report covers the following companies as the key players in the Global Smart Card Market in Transportation Sector: ASK SA, Gemalto NV, Giesecke & Devrient GmbH and Watchdata System Co. Ltd.

Other Prominent Vendors in the market are: Athena, CardLogix, DataCar and Eastcompeace Technology.

Key Regions

• APAC
• Europe
• Latin America
• MEA
• North America

Market Driver

• Need for Tamper-resistant System
• For a full, detailed list, view our report

Market Challenge

• High Initial Deployment and Replacement Costs
• For a full, detailed list, view our report

Market Trend

• Increased Use of Contactless Smart Cards
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 88 pages, “Global Smart Card Market in the Transportation Sector 2015 - 2019” report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, Market Landscape, Geographical Segmentation, Market Attractiveness, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4pE

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