Smart Card Technology is a Major Driving force for the payment transaction market
World Smart Card- Advanced Technologies, Application and Global Forecast
According to the report, 'Smart Card Market 2008 – 2015’, the global shipments of smart cards are expected to reach about 8.8 billion units by 2015 from 5.2 billion units in 2009, growing at a CAGR of 9.6% during 2010 – 2015. Rising awareness about the benefits of the smart cards in access and identity security and growing adoption in sectors such as telecommunications, healthcare, and banking have been responsible for the continuous growth of the smart card market. The growing penetration of mobile phones has made telecommunications sector the largest consumer of smart cards globally in the form of SIM (Subscriber Identification Module). ( http://www.bharatbook.com/detail.asp?id=160360&rt=World-Smart-Card-Advanced-Technologies-Application-and-Global-Forecast.html )
The smart card technology is a major driving force for the payment transaction market, as it allows customers to make secure payments. Thus, it is expected that microprocessor based smart cards will continue to dominate the smart card shipments, as compared to the memory chip based smart cards. The microprocessor segment has accounted for shipments of 4.5 billion smart cards in 2009, which was 86.5% of the overall shipments (5.2 billion) of smart cards. The report provides extensive analysis of the smart card industry, current market trends, industry drivers and challenges for better understanding of the smart card market structure.
Research Methodology
* Size of the smart card market is calculated using top-down approach. Market trends and prices were used to arrive at market size, which was then verified by key industry players.
* Market sizes were also verified by cost volume approach.
* Prices and pricing trends in different geographies were identified and analyzed through secondary research, and then average selling price per unit was calculated.
* Geographical market split was arrived at by determining population, cost of applications, and the adoption rate in different regions.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=160360&rt=World-Smart-Card-Advanced-Technologies-Application-and-Global-Forecast.html
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http://www.bharatbook.com/detail.asp?id=92951&rt=Smart-Card-Market-Forecast-to-2012.html
China IC Card Smart Card Industry Report, 2009
http://www.bharatbook.com/detail.asp?id=125895&rt=China-IC-Card-Smart-Card-Industry-Report-2009.html
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