Smart cards are pocket-sized cards that are embedded with integrated circuits. Smart cards can be used in many sectors such as banking, financial services, and insurance (BFSI); transportation; government; and healthcare for identification and authentication. They provide individuals with authorized access to secured premises of an organization to ensure data security and confidentiality. Smart cards are used for various applications such as payments and transit ticketing.
APAC is the largest market for smart cards in the government sector and accounted for around 45% of the overall market share during 2017. Some of the major APAC countries contributing to the market growth are Australia, China, Japan, and India as they face a high risk of fraudulent activities. Factors such as the high adoption of contactless smart cards for near-field communication (NFC) payments will drive the demand for smart cards in the region.
The report outlines the development of diverse regions and countries by including the market size, volume and value. It also contains the manufacturers data such as batch, price revenue, profit, interview record and business distributors.
The Smart Card in Government market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Gemalto
Giesecke & Devrient
Oberthur Technologies
Morpho (Safran)
VALID
Eastcompeace
Wuhan Tianyu
Datang
Kona I
CPI Card Group
Watchdata Systems Co. Ltd
Hengbao
Market Segment by Product Type:
Contact Smart Card
Contactless Smart Card
Market Segment by Application
Identification and Authentication
Entrance and Exit
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the companys product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Smart Card in Government market for the forecast period 2020 - 2025?
• What are the driving forces in the Smart Card in Government market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Smart Card in Government industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?