ICT Media

Global Banking and Financial Smart Cards Market 2016-2020

  • TEC421275
  • 48 Pages
  • February 2016
  • ICT Media
About Banking and Financial Smart Cards

A smart card is a pocket-sized card with either an embedded integrated circuit called a microcontroller chip, which has an internal memory, or a secured memory chip. Smart cards are used mainly for security purposes for authentication, identification, data storage, and application processing. With an embedded microcontroller chip, smart cards store large amounts of data; carry out their own on-card functions such as decryption, data storage and management, digital signature calculations, and encryption; and interact quickly with a smart card reader.
In the banking, financial services, and insurance (BFSI) sector, smart cards are used as credit or debit cards, authentication cards for payments, fuel cards, access control cards, and high-security identification cards. They can be used as electronic wallets by loading the smart card with funds that can be transferred to a vending machine or an account using cryptographic protocols. The portability, ease of use, security, and convenience offered by banking and financial smart cards have led to the increased adoption of smart cards in the BFSI sector.

Technavios analysts forecast the global banking and financial smart cards market to grow at a CAGR of 9.74% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global banking and financial smart cards market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of banking and financial smart cards. Smart cards are used in banks of all sizes and government banks for identification, authentication, data storage, and application processing.)

The market is divided into the following segments based on geography:
APAC
Europe
Latin America
MEA

Technavios report, Global Banking and Financial Smart Cards Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Gemalto
Giesecke & Devrient
Morpho
Oberthur Technologies

Other prominent vendors
American Express
ARM
Bell ID
CardLogix
DataCard
HID Global
Infineon Technologies
MasterCard
Smart Card IT Solutions
Visa

Market driver
Strong need to reduce identity duplication
For a full, detailed list, view our report

Market challenge
Increase in price wars
For a full, detailed list, view our report

Market trend
Emergence of hybrid smart cards
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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?

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