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Demand to Reduce Identity Duplication Worldwide Spurring Growth Opportunities in the Smart Card Market in North America

Reportstack has announced a new market research report on the Smart Card Market in North America 2015-2019.   The accessibility of twin smart cards is one of the major trends witnessed in the market. Also known as hybrid cards, these are a combination of a contactless interface and a contact interface in a single card. These cards eliminate the need to carry multiple cards, providing ease of handling. The Smart Card market in North America is expected to grow at a CAGR of 18.4 percent during the forecast period of 2014-2019.

Contactless smart cards are preferred to contact-based cards because they are user-friendly and provide fast application. The Government, BFSI, Transportation, Healthcare, and Defense sectors are some of the major end-users of smart cards in North America. The majority of the sectors have adopted smart card solutions to avoid the increased threat from terrorism, cross-border intrusions, forgery, and data theft. In addition, smart cards eliminate authentication and verification processes and can be consolidated into one card, eliminating the need to carry multiple cards.

“The data available in smart cards are difficult to decode, and hence smart cards have a high adoption rate worldwide,”.

“The data and information available in smart cards can be accessed only with the help of a pin code, which is difficult to interpret because the information is stored in the parent system.

To define the market conditions in the next 3-4 years, The 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. 

To view the table of contents and know more details please visit Smart Card Market in North America 2015-2019.