Global Smart Card Market in the Government Sector 2016-2020

This market research report presents a comprehensive analysis of the key market trends, drivers, and challenges that influence the growth of the global smart card market in the government sector. It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors in this market are Gemalto NV, Giesecke & Devrient GmbH, Oberthur, Safran SA, and Watchdata.

Overview of the global smart card market in the government sector

Technavio’s market research analyst predicts that the global smart card market in the government sector will grow at a CAGR of more than 10% by 2020. Due to rising incidences of identity fraud and forgery, government authorities have been compelled to introduce smart cards to reduce instances of duplication or imitation of an individual’s identity. The data stored on smart cards are secured through a PIN; hence, it is difficult to forge any information from these cards. Several government organizations are adopting the use of smart cards in passports and driving licenses as they offer high security and reliability. With the growing need to prevent fraudulent activities in government documents, the growth prospects for this market will have a positive outlook until the end of 2020.

An important trend gaining traction in this market is the emergence of multi-application smart cards. These cards are a combination of contactless and contact interfaces in a single card. Since these cards include benefits like shared storage and information processing, it eliminates the need to carry multiple cards for different applications. Technavio’s market research analysts estimate that the Indian government will implement the use of multi-application smart cards for national IDs and e-purses by 2020. The integration of several biometric technologies in these cards will increase their usage, which, in turn, will foster market growth during the forecast period.

Geographical segmentation and analysis of the smart card market in the government sector

• APAC
• Americas
• EMEA

APAC is the largest market for smart cards in the government sector and accounted for around 49% of the overall market share during 2015. Some of the major APAC countries contributing to the market growth are Australia, China, Japan, and India as they face a high risk of fraudulent activities. Factors such as the high adoption of contactless smart cards for near-field communication (NFC) payments will drive the demand for smart cards in the region.

Competitive landscape and key vendors

The market is fragmented with the presence of many multinational vendors and some small regional players. In this market, the key players are acquiring smaller vendors, and differentiating their product and service offerings through a unique selling proposition as it will help them to augment their hold over the market. The level of competition in this market is expected to intensify during the forecast period with the increase in solution extensions, technological innovations, and M&A activities. The market will also witness new product launches with the emergence of new technologies over the next four years.

Key vendors in this market include -

• Gemalto NV
• Giesecke & Devrient GmbH
• Oberthur Technologies
• Safran SA
• Watchdata Technologies

Other prominent vendors in the smart card market in the government sector include Advanced Card Systems, CardLogix, Entrust DataCard and Infineon Technologies.

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 smart card market in the government sector?
• What are the key market trends impacting the growth of the global smart card market in the government sector?
• What are the challenges to market growth?
• Who are the key vendors in the global smart card market in the government sector?
• What are the market opportunities and threats faced by the vendors in the global smart card market in the government sector?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global smart card market in the government sector?

Technavio also offers customization on reports based on specific client requirement.

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