Market Analysis
Market Research Future (MRFR) expects the global contactless smart card market to register a CAGR of 18% from 2019 to 2026 (forecast period). A card comprises an embedded secure microcontroller or equivalent intelligence, internal memory, and an antenna that interconnects with a reader through a mobile radio frequency interface is widely known as a contactless smart card. Contactless smart cards provide the facility to protect and maintain, store and access data on the card. Contactless smart card systems have verified that they are more secure than any machine-readable card, such as magnetic stripe and barcode, as they provide system security for the exchange of data virtually.