© 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
Agile. Integrated. Transformative.
Innovation
08/08/2022Agile. Integrated. Transformative.

Jesta I.S. is a global developer and supplier of integrated cloud-based software which is 100% focused on manufacturers, wholesalers, and retailers specializing in fashion apparel, footwear, housewares, and consumer discretionary industries.

Read Full PostRead - Eye Icon
Royal IHC Acquires SAS Offshore
M&A
26/03/2015Royal IHC Acquires SAS Offshore

Global market leader for efficient dredging and mining vessels and equipment Royal IHC finalised its acquisition of SAS Offshore. SAS are a company specialising in designing and manufacturing reliable deck equipment for the offshore oil and gas market.

Read Full PostRead - Eye Icon
ASEAN: A US$150bn Healthcare Market by 2017
Innovation
20/01/2015ASEAN: A US$150bn Healthcare Market by 2017

Asia-Pacific continues to drive global healthcare investment, innovation and growth, says Frost & Sullivan

Read Full PostRead - Eye Icon
Corporate Renewal – Why this is Vital to Businesses Globally
Innovation
31/08/2016Corporate Renewal – Why this is Vital to Businesses Globally

Based in Chicago, the Fennimore Group is a highly innovative company helping businesses accelerate activity adopting change, organising work processes, aligning organisational infrastructure, and ensuring the completion of all work stream functionality.

Read Full PostRead - Eye Icon
APC Technology Group Acquisition of EEVS Insight Ltd
Innovation
04/08/2015APC Technology Group Acquisition of EEVS Insight Ltd

APC Technology Group Acquisition of EEVS Insight Ltd

Read Full PostRead - Eye Icon
APS Foods Acquisition of Wight Salads
Finance
27/05/2015APS Foods Acquisition of Wight Salads

APS Foods acquisition of Wight Salads

Read Full PostRead - Eye Icon
Privée At The Pinnacle
Innovation
Read Full PostRead - Eye Icon
Strong Management More Important Than Ever in UK
Innovation
29/10/2019Strong Management More Important Than Ever in UK

We are experiencing a resurgence in the popularity of tough bosses in the UK. The “Imperial CEO” started to become less fashionable in the eighties with the decline in deference. The nineties saw the reputation of strong business leadership tarnished with

Read Full PostRead - Eye Icon
Most Innovative Law Firm 2016
Innovation
30/06/2016Most Innovative Law Firm 2016

Faber & Allin Inc. is a general legal practice with a specialist focus on litigation. Over the years, the firm has diversified its areas of practice to include intellectual property Law, as well as corporate and commercial law.



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 14 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