RNCOS, a major market research organization, has come up with its latest report
"Global Smart Card Market Outlook” that focuses on the growing marketplace for
smart cards at global as well as country level. It investigates the current market
trends, evolving markets, and growth prospects for the smart card industry.
Major findings from the study include:
• From application perspective, telecom sector (particularly 3G) dominates the
smart card use, while from growth perspective, transport sector remains the
most dynamic sector. Asia-Pacific is expected to be the most promising area.
• Future of the smart card market depends, to a large extent, on its
compatibility with existing systems. The smooth integration of smart cards
with the existing legacy systems makes it a cost effective and strong security
tool, which will fuel growth.
• Strengthened by the technological developments, the global smart card
shipment is estimated to have grown nearly 20% in 2007.
• Although security concerns are key driver for the adoption of smart card
technology, the security provided by smart card systems is not foolproof, so
it works as barrier in the growth of smart card industry.
The study analyzes smart card markets by geography, and by market segment
(financial services/retail/loyalty, transportation, GSM market, access control
market). It also investigates the challenges the industry is facing: infrastructure
costs, protection of private information, interoperability, slow reforms. The
study includes monographies on the following major industry players: Gemalto,
Giesecke & Devrient, Hitachi, Infineon Technologies, and STMicroelectronics. |
