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MarketsandMarkets: World Smart Card Market Worth US$6.6 Billion By 2015

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MarketsandMarkets: World Smart Card Market Worth US$6.6 Billion By 2015 Powered By Docstoc
					MarketsandMarkets: World Smart Card Market Worth US$6.6 Billion By
2015

According to a new market research report, ‘World Smart Card- Advanced
Technologies, Application and Global Forecast (2008 – 2015)’, published by
MarketsandMarkets (www.marketsandmarkets.com), the total global smart card
market is expected to be worth US$6.6 billion by 2015, out of which the
Telecommunication sector will account for nearly 53.8% of the total revenues. The
global market is expected to record a CAGR of 7.3% from 2009 to 2014.

Browse 35 market data tables and in-depth TOC on World Smart Card-
Advanced Technologies, Application and Global Forecast (2008 – 2015).
http://www.marketsandmarkets.com/Market-Reports/smart-card-285.html
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Growing mobile penetration, surge in acceptance from various governments and
increased security and reliability has spurred the growth of smart card shipments,
which reached 5.2 billion in 2009. Advent of new form factors such as Near Field
Communications (NFC) and Machine-to-Machine (M2M) communication, growing
government ID projects across the globe and EMV compliance will support the
growth of smart cards for next five years, resulting into 8.8 billion smart cards
shipment by the end of 2015.

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 region
holds the maximum share of revenue in consumer electronics market on account of
technological competence, high adoption of high end smart cards and growing need
of secure transaction and identity and access control. The Asian region, especially,
India and China have emerged as smart card hotspots with continuous development
of the cellular markets and the increasing 3G penetration and increased
governmental interest across the region.

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.

Scope of the report
This research report categorizes the global smart cards market for forecasting the
revenues and analyzing trends in each of the following submarkets:

On the basis of smart card interface:

           o   Contact smart card
           o   Contactless smart card
           o   Hybrid and Dual interface smart card

On the basis of components

           o   Microprocessor
           o   Memory smart cards

On the basis of smart card application in various sectors:

           o   Telecommunications sector
           o   Government IDs and healthcare sector
           o   Financial services, retail and loyalty sector
           o   Pay TV sector
           o   Transportation sector
           o   Others

In addition to market sizes and forecasts, the report also provides a detailed analysis
of the market trends and factors influencing market growth, offering in-depth
geographic analyses of the smart card market in the North America, EMEA, Asia-
Pacific, and South America. The report draws the competitive landscape of the global
smart card market, providing an in-depth comparative analysis of the technological
and marketing strategies the key players are adopting in order to gain an edge over
the their competitors.

Contact our representative to sponsor this report.

About us

MarketsandMarkets (M&M) is a global market research and consulting company
based in the U.S. We publish strategically analyzed market research reports and
serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases,
and custom research services.

M&M covers thirteen industry verticals, including advanced materials, automotive
and transportation, banking and financial services, biotechnology, chemicals,
consumer goods energy and power, food and beverages, industrial automation,
medical devices, pharmaceuticals, semiconductor and electronics, and
telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt
business insight with our huge market intelligence repository. To know more about
us and our reports, please visit our website www.marketsandmarkets.com
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