Research analysts are forecasting positive growth for many segments of the global IT security market over the next four years as several markets including BYOD security, mobile payment security software, and contactless smart card market in banking sector, will witness an increase in revenues.
A study conducted by Technavio predict the global contactless smart card market in the banking sector to grow at a remarkable CAGR of more than 33% during the period 2016-2020. Most contactless smart cards are issued with preinstalled data codes for unique identification purposes.
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