Tuesday 28 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Smart Card Market in Government Sector: Gemalto NV, Giesecke & Devrient GmbH, Morpho SA, Oberthur Technologies and Watchdata System Co. Ltd.
Other Prominent Vendors in the market are: Advanced Card Systems, AB Note, CardLogix, DataCard, Infineon Technologies, NXP Semiconductors and Inside Secure.
The report said: “The availability of twin smart cards is a key trend witnessed in the market. Twin smart cards, also known as hybrid cards, eliminate the need to carry multiple cards, thus providing ease of handling.”
According to the report, the increased use of smart cards in the defense sector is a major driver in the market. The need for advanced levels of security is high because of the increased number of terrorist attacks. As a result, defense agencies of developed countries have employed smart cards for identification and access control.
Further, the report states that the complex technology of smart card chips poses a threat to the market. Microchips embedded in cards are used for data and information storage. As these chips are technologically advanced, they are more complex to use than magnetic tape smart cards.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.