News

Ideas That Generate Results

Having recognized the potential of smart card in terms of usability, companies across the world are greatly contributing to the expansion of global smart card industry. Growing security concerns, possible multiple usage and high storage capability are some of key reasons that have enabled the market to grow over the past few years and will continue to do so in future.

As per our new research report "Smart Card Market Forecast to 2012", China has been witnessing rapid growth in its smart card market over the past few years. The Chinese smart card market is estimated to reach around US$ 2.1 Billion by the end of 2009 and will grow at a CAGR of around 14% between 2010 and 2012. The report has categorized the Chinese smart card market into various segments like applications in telecom sector, public sector and financial sector.

In terms of application, the telecom and public sector sectors together dominate the Chinese smart card market and will continue to do so in near future. These two sectors will account for over 65% of total market share by 2012 end. However, other sectors like payment card market and traffic card market will rapidly increase their share in the market.

We have also done an extensive research and analysis to identify the current and future Smart card market trends at the regional level. The report contains comprehensive information of major geographical markets such as the Americas, Europe Middle East and Africa (EMEA) and Asia Pacific. The report also provides detailed country level analysis which will help clients to figure out the emerging countries in this field that will witness rapid uptake of the technology in future.

"Smart Card Market Forecast to 2012" provides a broad overview of the global smart card market to help investors comprehend industry dynamics of each country before devising their investment plans. The report also studies certain problem areas that might hamper the growth prospects of smart card industry in near future along with important industry trends like Multiple Applications Access, Vast Application Base, Use of EMV Standard, Growing Security Concerns and Development of Smart Card Standard. Besides, it provides analysis of the key smartcard players in the world including their strengths and weaknesses.

For more information visit: http://www.rncos.com/Report/IM007.htm