London, 24 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Smart Card Market in Transportation Sector 2015-2019, which is expected to grow at a CAGR of 9.53 percent from 2014-2019.
Smart cards are tamper-free, as the information stored in them is in the form of a pin code that cannot be decoded, which increases the safety of data stored in smart cards. This is the reason that the adoption of these cards among end-users is comparatively higher.
“The Transportation sector is increasingly deploying contactless e-ticket cards to improve security in billing and payment processes,” says Faisal Ghaus, Vice President of TechNavio.
“Countries such as France, Russia, Brazil, Indonesia, Poland, Malaysia, South Africa, and Canada are expected to experience high adoption of contactless smart cards in the future.”
Key Market Drivers
- Need for Tamper-resistant System
- Growing Need to Reduce Identity Duplication
- Ease of Usage
- Popularity of E-ticketing
Key Market Trends
- Increased Usage of Contactless Smart Cards
- Increased Usage of Hybrid Cards
- Growing Adoption of E-passports
- Adoption of Smart Cards in Developing Countries
Key Market Vendors
- ASK SA
- Gemalto NV
- Giesecke & Devrient GmbH
- Watchdata System Co. Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
