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Global Transit Cards Market 2016-2020

  • Published: May 2016
  • Pages: 61
  • SKU: IRTNTR9246
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This market research report presents a detailed segmentation of the global transit cards market by geography (APAC, Europe, Latin America, MEA, and North America). The leading vendors in this market are Datacard, Gemalto, Giesecke & Devrient, and Watchdata.

Overview of the global transit cards market

Technavio’s market research analyst predicts that the global transit cards market will grow at a modest CAGR of close to 9% during the forecast period. One of the primary drivers for this market is the growing demand for tamper-resistant cards. Magnetic tape cards store customer details and can be altered quite easily. Tampering results in the loss and misuse of valuable information. Tamper-resistant cards are safe as the information stored in them is accessible only with a personal identification number (PIN), making it difficult to forge. Such cards provide more security and also protect against a range of issues such as hacking and misuse of passwords. Increased demand and adoption of such cards will have a significant impact on market growth over the forecast period.

In this industry report, the analysts estimate that among the different trends, the use of contactless smart cards in the transportation section will have a significant impact on the market’s growth potential over the next few years. The transportation sector is deploying contactless cards to improve security in the billing and payment processes. These cards are increasingly preferred as they enable faster identification and speed up fare payment transactions, especially at border crossings. Increased adoption of contactless smart cards will have a positive impact on the market and will also propel market growth during the forecast period.

Geographical segmentation of the transit cards market

  • Americas
  • APAC
  • EMEA

The APAC region was the market leader for transit cards in 2015 with a market share of close to 46%. Factors contributing to the growth in this market are the presence of large transportation companies in this region, greater acceptance of contactless smart cards, and the growing penetration of transit cards in cities like Singapore and Hong Kong, and even in countries like Australia, Japan, and South Korea.

Competitive landscape and key vendors

The global transit cards market is a fragmented one with several small regional vendors and large multinationals.  Established vendors are likely to acquire smaller ones to expand product portfolio and also boost market share.  The market will become intensely competitive with an increase in service and product extensions, M&As, and technological innovations. As international vendors are increasing their footprint in the market, regional providers struggle to hold on to their market share.  Vendors with better resources (financial and technical) can develop products with features like secure access, authentication, strong security, and ease of integration. Such innovations render the competitor’s products obsolete even before their launch.

Key vendors in the market are -

  • Datacard
  • Gemalto
  • Giesecke & Devrient
  • Watchdata

Other vendors in the market include Athena, CardLogix, Eastcompeace Technology, 4G Identity Solutions, and Infineon Solutions.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global transit cards market?
  • What are the key market trends impacting the growth of the global transit cards market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global transit cards market?
  • What are the market opportunities and threats faced by the vendors in the global transit cards market?
  • Trending factors influencing the market shares of APAC, Europe, Latin America, MEA, and North America.
  • What are the key outcomes of the five forces analysis of the global transit cards market?

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Table of Contents

PART 01: Executive summary

  • Highlights
  • Market summary

PART 02: Scope of the report

  • Market overview
  • Segmentation

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market description

  • Introduction of smart cards
  • Types of smart cards
  • Advantages and disadvantages of transit cards
  • Working flow of smart cards

PART 06: Market landscape

  • Market overview

PART 07: Market assumptions

PART 08: Life cycle analysis

  • Life cycle of transit cards

PART 09: Global smart cards market

  • Share of transit cards in global smart cards market
  • Global transit cards market
  • Unit shipment of transit cards

PART 10: Market development

  • Integration of biometric technologies into smart cards

PART 11: Geographical segmentation

  • Global transit cards market by geography

PART 12: Market attractiveness

  • Global transit cards market segmentation by geography
  • Transit cards market in APAC
  • Unit shipment of transit cards in APAC
  • Transit cards market in Europe
  • Unit shipment of transit cards in Europe
  • Transit cards market in South America
  • Unit shipment of transit cards in South America
  • Transit cards market in North America
  • Unit shipment of transit cards in North America
  • Transit cards market in MEA
  • Unit shipment of transit cards in MEA

PART 13: Buying criteria

  • Buying criteria for transit cards

PART 14: Market drivers

PART 15: Market challenges

PART 16: Impact of drivers and challenges

PART 17: Market trends

  • Introduction of hybrid smart cards
  • Increase in adoption of e-passports
  • Emergence of contactless smart cards in transportation sector
  • Introduction of multi-application smart cards
  • Increased adoption of contactless smart cards in developing countries

PART 18: Impact of trends

PART 19: Five forces model

PART 20: Key vendor analysis

  • Competitive scenario

PART 21: Vendor matrix

PART 22: Description of leading vendors

  • Datacard
  • Gemalto
  • Giesecke & Devrient
  • Watchdata

PART 23: Other prominent vendors

PART 24: Appendix

  • List of abbreviations

PART 25: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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