© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Global Contactless Smart Card Market to see 30% CAGR to 2019
Posted 2nd March 2015

Global Contactless Smart Card Market to see 30% CAGR to 2019

The growing need to diminish identity duplication and forgery cases has resulted in remarkable growth in the Global Contactless Smart Card Market.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Global Contactless Smart Card Market to see 30% CAGR to 2019
Image

Contactless Smart Card Market to See 30% CAGR to 2019

The growing need to diminish identity duplication and forgery cases has resulted in remarkable growth in the Global Contactless Smart Card Market, a new report from ReportsnReports.com found. The analysts forecast the Global Contactless Smart Card market to grow at a CAGR of 30.31% over the period 2014-2019.

The report covers the present scenario and the growth prospects of the Global Contactless Smart Card market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of contactless smart cards. The report also covers the global shipment details of contactless smart cards.

A smart card is a pocket-sized card, made of plastic, which is embedded with integrated circuits or microchips. It is used for authentication, identification, data storage, and application processing.

Smart cards are classified into two types: contact-based and contactless. Contactless smart cards are embedded with integrated circuits that process and store data and communicate with a terminal via radio frequencies. These cards are used by employing a radio frequency between the card and the reader that needs no physical insertion of the card. Therefore, contactless smart cards have faster applications and are user-friendly. Contactless smart cards are widely accepted and used by major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.

According to the latest report, the number of fraud and forgery cases has increased as technology progresses. Contactless smart cards can provide a one-stop solution to the issue, as these cards are accessed with the help of a PIN and are not easy to decode. Because the information is stored on a parent system, this PIN becomes exceptionally difficult to interpret.

Several government organizations are making contactless smart card technology mandatory for passports and driver’s licenses, as it reduces the risk of data theft or identity duplication.

Furthermore, the latest report emphasizes the increased adoption of smart cards in developing countries, which is expected to support market growth. Government agencies in countries like India are increasingly adopting these cards for use as driver’s licenses, e-passports, identity cards and voter ID.

Many developing countries are also launching twin smart cards, which are a combination of contactless and contact interfaces and are very easy to handle.

To view the full report, click here.

 

Categories: Finance, Innovation


You Might Also Like
Read Full PostRead - Eye Icon
Battery Bonanza!
Innovation
13/10/2021Battery Bonanza!

Constant development means that businesses are always looking for the latest developments. Leading the way forward is the team at American Battery Solutions.

Read Full PostRead - Eye Icon
AI’s Place in the Boardroom: Creating An Effective AI Framework for Staff
Innovation
04/09/2023AI’s Place in the Boardroom: Creating An Effective AI Framework for Staff

The rise of artificial intelligence (AI) has become a hot topic in the world of corporate governance. Traditionally strategic decision-making was the domain of human decision-makers, but with the integration of AI technologies, we’re now starting to see gove

Read Full PostRead - Eye Icon
Why Human Behaviour is Both a Cyber Threat and a Cyber Defence
Innovation
18/10/2023Why Human Behaviour is Both a Cyber Threat and a Cyber Defence

The digital divide in cyber security is human. When we fail to acknowledge the reality of human behaviour, how people typically work, day to day, we risk undermining the progress of cybersecurity technologies and email is often the achilleas’ heel, according

Read Full PostRead - Eye Icon
Hens & Ulbrich
Innovation
18/05/2015Hens & Ulbrich

Located in Düsseldorf in the center of Germany, Hens & Ulbrich is an accounting firm with two partners – Jan Hens and Simone Ulbrich.

Read Full PostRead - Eye Icon
Thornton’s Takeover: Ferrero Buys Majority
Finance
23/06/2015Thornton’s Takeover: Ferrero Buys Majority

Ferrero International have successfully completed a takeover bid for the UK-based confectionery store chain.

Read Full PostRead - Eye Icon
How Outsourcing IT Management Can Transform Your Business Operations
News
11/11/2024How Outsourcing IT Management Can Transform Your Business Operations

Managing IT can be challenging for any business, requiring specialized skills, time, and constant updates. As companies grow, internal teams may struggle to keep up with evolving demands, making outsourcing IT management an effective solution. This approach al

Read Full PostRead - Eye Icon
Time Management for Business Owners
Leadership
18/05/2020Time Management for Business Owners

If you own a small business, you’re most likely not a stranger to juggling many tasks. Between meeting deadlines, communicating with customers, and keeping track of payments, it can feel like your list of things to do never ends. Time management is perh

Read Full PostRead - Eye Icon
Cleanroom Innovation
Innovation
10/05/2022Cleanroom Innovation

Founded in 1993 by Gernod Dittel, DITTEL Engineering GmbH has over the years grown alongside the cleanrooms market. The importance and excellence of firms such as DITTEL Engineering has been significantly highlighted during the pandemic, with the massive incre

Read Full PostRead - Eye Icon
How to Conduct Market Research For The Banking Industry
News
03/06/2024How to Conduct Market Research For The Banking Industry

Introduction In today’s rapidly evolving financial landscape, conducting market research is crucial for banks and credit unions to maintain a competitive edge and meet the ever-changing needs of their customers. Market research provides invaluable insigh



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow