The Global Smart Card market in the Telecom sector is set to grow at a CAGR of 4.98% over the period 2014-2019. These cards are used by employing a radio frequency between card and the reader that needs no physical insertion of the card.
Contactless smart cards have faster applications and are user-friendly. Contactless smart cards are widely accepted and used by some of the major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.
The growth of the market in the Telecom sector is driven by the increased need to reduce identity duplication. The number of cases of fraud and forgery has increased due to advances in technology, motivating vendors to create a type of smart card that is difficult to duplicate.
The “Global Smart Card Market in Telecom Sector 2015-2019” report covers the present scenario and the growth prospects of the Global Smart Card market in the Telecom sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smart cards in the Telecom sector.
For data, background and forecasts on Smart Cards: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).