World Smart Card Market worth US$6.6 Billion By 2015
Original Source: Smart Card
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According apt a new market research report, ‘World smart card- progressive technologies, application and universal prophesy (2008 – 2015)’, issued by MarketsandMarkets (www.marketsandmarkets.com), the aggregate global smart card mall namely anticipated apt be worth US$6.6 billion by 2015, out of which the Telecommunication sector will list for approximately 53.8% of the aggregate revenues. The global mart is anticipated to log a CAGR of 7.3% from 2009 to 2014.
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Growing mobile penetration, surge in acceptance from manifold governments and increased security and reliability has spurred the growth of smart card shipments, which approached 5.2 billion in 2009. Advent of fashionable fashion factors such as Near Field Communications (NFC) and Machine-to-Machine (M2M) communication,
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The smart card market revenue is expected to grow from $4,498.9 million in 2009 to reach $6,600 million in 2015 with a CAGR of 7.3% from 2010 to 2015. EMEA district holds the most share of revenue in user electronics market on account of technological ability, tall option of tall end smart cards and growing need of secure transaction and personality and access control. The Asian district, particularly,0, India and China have emerged as smart card hotspots with perennial evolution of the cellular markets and the increasing 3G penetration and increased administrative interest across the region.
The smart card technology is a major driving force for the payment transaction market as it allows clients to make secure payments. Thus,
Air Max 2 Shoes, it is expected that computer based smart cards will proceed to prevail 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 roomy analysis of the smart card manufacture, present market trends, industry drivers and challenges for better understanding of the smart card market structure.
Scope of the report
This research report categorizes the global smart cards market for forecasting the revenues and analyzing trends in every,0 of the following submarkets:
On the basis of smart card interface:
Contact smart cardContactless smart cardHybrid and Dual interface smart card
On the foundation of components
MicroprocessorMemory beautiful cards
On the basis of smart card application in various sectors:
Telecommunications sectorGovernment IDs and healthcare sectorFinancial services,
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In increase to market sizes and forecasts, the report likewise provides a detailed thinking of the market trends and factors influencing market growth, attempting in-depth geographic analyses of the smart card market in the North America, EMEA, Asia-Pacific, and South America. The report draws the competitive outlook of the global smart card market, investing one in-depth relative thinking of the technological and sale strategies the key players are adopting in mandate to obtain,0 an edge over the their antagonists.
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