Growth of Smart Cards Market 2014 - 2020

Transparency Market Research

Smart Cards Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date 4-Dec-2014

133 Page Report

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Global Smart Cards Market Expected to Reach USD 11.9 Billion in 2020, Globally:Transparency Market Research

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Smart Cards Market

REPORT DESCRIPTION

Smart Cards Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 According to a new market report published by Transparency Market Research “Smart Cards Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” The market was valued at USD 6.6 billion in 2013 and is expected to reach USD 11.9 billion by 2020, growing at a CAGR of 9.0% from 2014 to 2020. Asia Pacific was the largest revenue contributor in 2013, accounting for almost 50% of the global smart card market revenue. The growth is mainly driven by increasing adoption of smart cards for applications such as telecommunication, toll collection, ticketing, and driver’s license, national and cross border identification cards and others. Asia Pacific is expected to retain its dominant position and is analyzed to be the fastest growing market for smart cards during the forecast period. The Asia Pacific smart cards market is estimated to grow at a CAGR of 10.1% from 2014 to 2020. China, India, South Korea, and Japan are expected to be the major contributors to the market in near term. Browse Smart Cards Market Report with Full TOC at http://www.transparencymarketresearch.com/smart-card.html Decreasing price of SIM cards along with the requirements to migrate to EMV standards are fueling adoption of smart cards across the telecommunication and financial services, retail and loyalty sectors. Moreover,...