NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/12/18 - Manufacturers and vendors of smart card chips are looking forward to enormous business opportunities, with the government of Denmark issuing electronic passports, national ID cards and health cards.
Vendors and manufacturers of smart card chips are hoping for bulks of business, as government of Denmark issued electronic passports, national identity cards and health cards, say technology suppliers.
About two-thirds of smart card industry business is still provided by SIM market. However, there has been a declining trend in the revenues coming from this market. Smart card industry is struggling, with complete commoditization of SIM cards, as per industry experts. Added convenience is provided to the user by SIM solution. Secure transmission of personal data and information is enabled by the high data-storage capacity combined with tight security features.
As part of the new electronic passport scheme, rolled out by Denmark in October this year (2006), about 250,000 passports are likely to be issued towards the end of this year. It’s planned that around 800,000 electronic passports will be issued per year. Gemalto – the digital security provider – is shouldered with the responsibility of producing these passports.
“The new cards will help prevent ID theft, and protect the privacy of individual”, as stated by a Research Analyst at RNCOS, who has recently researched a report on “Global Smart Card Industry - Future Outlook (2007)”. According to this report, driven by explosive growth in emerging markets, such as China and India, the demand for SIM cards has been growing 50% per year.
This research reports on “Global Smart Card Industry - Future Outlook (2007)”, also addresses some interesting issues for today’s Global business environment:
- Overview of smart card industry in global perspective
- What’s the potential of smart cards if they are used with Biometrics Technology?
- Get an insight into the trends in market performance
- Pinpoint sectors of growth and identify the driving factors
- What are the key challenges and strategies in global smart card industry?
- Identify market, brand leaders and understand the competitive environment
- Major driving forces for smart card Industry
About the report
The report contains detailed data on global as well as country-specific smart card markets i.e. smart card industry value, smart cards shipments, application of smart cards in the Financial and Telecom market etc. It helps the clients to understand the driving forces of smart card industry along with the detailed future opportunities.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.