|By Business Wire||
|January 24, 2014 01:39 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/vqjqx2/global_smart) has announced the addition of the "Global Transportation Smart Cards Market Forecasts & Opportunities, 2016" report to their offering.
One of the major drivers is the need for a tamper-free system. Generally, cards embedded with magnetic tapes only store information about end-users' accounts. These cards can be easily tampered with, resulting in loss of information or data. However, smart cards store information that can only be accessed with a pin code that is difficult to decode, thereby protecting end-users' data.
Contactless cards are more user-friendly than contact-based cards. The Transportation sector is increasingly deploying contactless e-ticket cards to improve security in billing and payment processes. Countries such as France, Russia, Brazil, Indonesia, Poland, and Malaysia are expected to experience high adoption of contactless smart cards in the future. South Africa and Canada are also expected to experience an intensive adoption of contactless smart cards. Instances like these are expected to contribute to the growth of the Global Smart Card market in the Transportation sector.
Further, the report states that one of the key challenges is the high initial deployment and replacement cost. Regions such as South America and the APAC region have limited vendor penetration and very few local players. As a result of this, the market is controlled by a small group of vendors, leading to low competition. This low competition is leading to high initial deployment and replacement costs.
The key vendors dominating this market space are:
- ASK S.A.
- Watchdata System Co. LTd.
- Giesecke & Devrient GmbH
- Gemalto N.V.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Description
06.1 Introduction to Smart Cards
06.2 Types of Smart Cards
06.3 Applications of Smart Cards
06.4 Advantages of Smart Cards
06.5 Disadvantages of Smart Cards
07. Market Landscape
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/vqjqx2/global_smart