London, 02 March 2015 – The increased use of smart cards in the defense sector has resulted in the growth of the Global Smart Card Market in Government Sector, which will post a CAGR of 10.2 percent from 2014-2019, says research firm TechNavio.
About the Report
According to a new report from TechNavio, many defense agencies in developed nations have been employing smart cards for identification and access control, which has encouraged similar organizations in developing countries to adopt smart cards.
“The demand for smart cards in defense sectors worldwide has increased significantly in recent years and is expected to continue during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
The new report also emphasizes the availability of twin cards that have two different chip technologies in one. These cards are a combination of a contactless and contact interface on a single card, which eliminates the need to carry two cards.
“The need to carry multiple cards is eliminated with the use of twin cards because these cards have shared storage and processing abilities. With data and information being consolidated in a single smart card, it provides ease of handling,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Use of Smart Cards in Defense Sector
- For a full detailed list, view our report.
Market Challenges:
- Complex Technology of Smart Card Chips
- For a full detailed list, view our report.
Market Trends:
- Availability of Twin Smart Cards
- For a full detailed list, view our report.
Key Vendors:
- Gemalto NV
- Giesecke & Devrient GmbH
- Morpho SA
- Oberthur Technologies
Other Prominent Vendors:
- Advanced Card Systems
- CardLogix
- DataCard
- Infineon Technologies
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
