According to a new market research report published by Credence Research “ Smart Cards Market (By Type – Contact-based Smart Cards, Contactless Smart Cards, Dual-interface Smart Cards and Hybrid Smart Cards) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”, the global smart cards market was valued at US$ 7,568.5 Mn in 2014 and is estimated to expand with a CAGR of 7.2% from 2015 to 2022. Browse the full report at http://www.credenceresearch.com/report/smart-cards-market Market Insights Smart cards refer to a pocket-sized device embedded with an integrated circuit (IC) chip. The IC chip on the card can be memory card-based or microcontroller-card based depending upon the function of smart cards. Smart card is used by connecting it to a smart card reader either through direct physical contact or radio frequency (RF) communication. Thus, the operation of smart cards is quite similar to the traditional magnetic strip and bar code cards. T...