Global Smart Card Market in the Government Sector to Grow at a CAGR of 10.2%
According to the lead analyst of this report,the availability of twin smart cards is a key trend witnessed in the market. Twin smart cards, also known as hybrid cards, eliminate the need to carry multiple cards, thus providing ease of handling.
According to the report, the increased use of smart cards in the defense sector is a major driver in the market. The need for advanced levels of security is high because of the increased number of terrorist attacks. As a result, defense agencies of developed countries have employed smart cards for identification and access control.
Further, the report states that the complex technology of smart card chips poses a threat to the market. Microchips embedded in cards are used for data and information storage. As these chips are technologically advanced, they are more complex to use than magnetic tape smart cards.