The article cited AMA's Global Smart Card in Government Market Study explored substantial growth with CAGR of 8.5%. According the report, The increasing popularity of e-passports and smart cards in banks
is one of the primary growth factors for the market. The upsurging demand for identification cards to avail government facilities
is also expected to contribute significantly to the Smart Card in Government market. Overall, Identification and Authentication
applications of Smart Card in Government, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IDEMIA (France), Giesecke + Devrient GmBH (Germany), CPI Card Group (United States), HID Global Corporation (United States), Watchdata (China), Eastcompeace (China), Inteligensa (United States), ABCorp (United States) and CardLogix (United States) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Smart Card in Government market identified that the demand is rising in many different parts of the world as "Growing IT expenditure in the developing countries
". Furthermore, some recent industry insights like "On 3rd October 2019, IDEMIA, the global leader in Augmented Identity announces that IDEMIA and IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions have entered a worldwide license agreement for use of IDEX’s biometric enrollment intellectual property." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of standardization in smart cards and increased security concerns"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Smart Card in Government market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Smart Card in Government market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Smart Card in Government market tight? Which application/end-user category or Product Type  may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Card in Government market and other related sub-markets covered in the study.
o Key & emerging players in the Smart Card in Government market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Card in Government market size is calculated using market estimation process, the Smart Card in Government market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Card in Government market size has been validated using both top-down and bottom-up approaches.