LONDON, Sept. 20, 2016 /PRNewswire/ --
About Smart Card
A smart card is made up of PVC, polyester, or polycarbonate and is embedded with an IC, an MCU, and a memory chip. The memory chip is embedded with a smart card IC that can store and process a large amount of data. The microcontroller helps to secure payment transactions with functions such as encryption and digital signatures. It provides a tamper-resistant system and protects in-memory information, thereby reducing cases of fraud.
Technavio's analysts forecast the global smart card IC market to grow at a CAGR of 8.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart card IC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of smart card ICs.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Smart Card IC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Infineon Technologies
- NXP Semiconductors
- Samsung Semiconductor
- STMicroelectronics
Other prominent vendors
- Shanghai Huahong Integrated Circuit
Market driver
- High demand for contactless EMV cards
- For a full, detailed list, view our report
Market challenge
- Increase in payment card-related frauds
- For a full, detailed list, view our report
Market trend
- Increasing use of SIM cards for M2M communications
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Download the full report: https://www.reportbuyer.com/product/4153780/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
SOURCE ReportBuyer
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