Global Next-Generation Data Storage Market Will Flourish by 2016 – 20 Global Smart Card Market will Grow Exponentially d | Page 2

Smart Card Market
Zion Market Research , the market research group announced the analysis report titled ‘ Global smart card : Global Industry Analysis , Size , Share , Growth , Trends , and Forecasts 2016 – 2024 '
Global Smart Card Market : Overview The smart card is the plastic card with a chip that is either microprocessor or memory based and is embedded on it . It can connect to a reader through direct physical contact or wireless connectivity . The smart card has many applications in the healthcare , banking , telecommunication , and transportation sectors .
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Global Smart Card Market : Growth Factors The global smart card market is fueled due to the increasing use of the technology that makes payment transactions secure . The increasing identity security and benefits of the smart card are the factors driving the global market growth . The rising use of the smart cards in various sectors such as banking , healthcare , and telecommunication has helped the global smart card market to grow continuously . The smart card , in the form of SIM card , used in the telecommunication sector such as mobile phone market is responsible for the escalating growth of the global smart card market . The other factors that lower the global market growth are the rising demand for the smart cards in the government , transport , and payment transaction sectors . The emerging countries or economies have a large demand for the mobile phones , which in turn fuels the global smart card market . The cost saving techniques such as Europay , Visa , and MasterCard escalate the global market . The adoption of