Shipment of Smart Cards Surpassed Five Billion Units in 2008

Research and Markets announced the addition of the Smart Card Market Forecast to 2012 report to their offering.

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.

Shipment of Smart Cards Surpassed Five Billion Units in 2008

And CAGR of 11% through 2012, according to a report by RNCOS

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