NanoMarkets Issues New Report on Powered Smart Cards Market
GLEN ALLEN, Va., Dec. 3, 2014 /PRNewswire/ -- The total market for powered smart cards will rapidly expand from slightly under $300 million today to more than $1.5 billion by 2017, $4.6 billion by 2019, and more than $13 billion by 2021, according to a new report from industry analyst firm NanoMarkets. Details of the new report, "Powered Smart Card Markets 2015-2022" including a downloadable excerpt, are available at: http://nanomarkets.net/market_reports/report/powered-smart-card-markets-2015-2022
About the Report:
This report identifies the main ways that money will be made in the powered smart card business over the next decade, and profiles the key trends in this sector over the past two years and projecting over the next eight years (to 2021). We explore the pull for powered smartcards for various end-use cases, which continue be mostly focused on one-time password (OTP) verification for consumer financial transactions, with some improvements in features and customizations. We also discuss the development of components, especially displays and batteries. We include eight-year forecasts of all these items, both in volume and value terms, as well as market forecasts for powered smart cards by application and by region.
Companies discussed in this report include: American Express, Blue Spark, Bundesdruckerei, China UnionPay, Coin, ComCard, Cymbet, Dynamics, E Ink, FlexEl, Gemalto, Hierstar, Imprint Energy, Infineon Technologies, Jinco, MasterCard, Morphos, Mt. Gox/Bitcoin, Oberthur/NagraID, Omne, PayPal/eBay, Plastc, Powered Card Solutions, Stratos/Protean, Rocket Electric, SmartDisplayer, Solicore, STMicroelectronics, Visa, and X-Core Technologies.
Highlights from the Report:
Almost exclusively powered smart cards have been targeted at one-time password (OTP) functionality to provide an extra security layer during consumer financial transactions, and that has been the envisioned golden goose for this technology. Other potential applications such as secure identification (public and private sectors) and medical information continue to tantalize, but have yet to approach anything that would present significant alternative markets.
What we are now seeing is a growing realization that while "EMV" smart-card chip/PIN standardization (named for the widely adopted Europay-MasterCard-Visa standard for credit and debit payment cards) has largely been effective at that, it has also led to a shift in fraudulent activity toward "card-not-present" transactions, mainly e-commerce. Here is where we see the arrival of proposed new solutions that swing wide open the doors for powered smart card adoption.
About NanoMarkets:
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts of the BIPV sector and the PV sector more generally. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nanomarkets-issues-new-report-on-powered-smart-cards-market-300003790.html
SOURCE NanoMarkets
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