Abstract
The smart card industry has been continuously expanding, with countries across
the globe identifying its true potential. The number of Smart card application
projects has also been rising, demonstrating the versatility and robustness of
the technology. The growing security needs, possible multiple usage and
greater storage and processing capability are driving the growth of smart card
industry world over and will also continue to do so in future. The global
shipment of smart card surpassed an estimated 5 Billion units in 2008 and this
figure is projected to surge at CAGR of nearly 11% through 2012, according to
“Smart Card Market Forecast to 2012”, a recent market research
report by RNCOS.
The telecom sector is the biggest application market for smart cards,
occupying more than 70% of the global smart card shipment in 2008. Growing
number of mobile subscribers remain the largest contributor, driving sales of
SIM cards worldwide. Use of smart cards in financial services sector has also
been on rise buoyed by increasing use of Europay, MasterCard and Visa standard
(EMV) standard.
Increasing use of internet for making online payment transactions is also
fueling growth in the global smart card industry as this technology enables
consumers make secure and reliable transactions. Use of contactless smart
cards in this regard has gained remarkable consideration and is forecasted to
grow at CAGR of more than 30% through 2012.
Besides this, the research also gives thorough analysis of various other
applications along with their respective market share and future growth
potential. For instance, the research anticipates the transport sector to
experience the largest growth in usage of smart cards worldwide, CAGR
projected at nearly 26% in near future.
“Smart Card Market Forecast to 2012” provides extensive research
and exhaustive analysis of the smart card industry worldwide. It gives an
insight into the current market trends and growth prospects for the smart card
industry while substantiating the data with unbiased and rationale analysis.
It helps the client to understand the key trends in the industry.
The report studies the global smart card industry by segmenting it into
Americas, Europe Middle East and Africa (EMEA) and Asia Pacific. It helps in
analyzing the current performance and future outlook of the smart card
industry on regional.
The countries covered in the report are decided on the basis of existing
opportunities that could lead to the growth for smart cards. Country level
profiling provides prudent analysis of the smart card projects which are under
consideration in a particular country across various application sectors.
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