PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Technology Surveys International, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Canadian Smart Card Market Set for Take-Off - More than 100 million smart cards forecast to be in circulation in Canada by 2011
Canadian Smart Card Market Set for Take-Off

 

NewswireToday - /newswire/ - Oakville, Ontario, Canada, 2007/03/01 - More than 100 million smart cards forecast to be in circulation in Canada by 2011.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The number smart cards in circulation in Canada is expected to reach 110.2 million cards by 2011, representing a growth of 53% per year over the next five years, according to a recently released market research report titled “Prospects for the Chip Card Market in Canada: 2007”, published by Technology Surveys International Inc.

“By 2011, payment smart cards will account for 90% of the annual demand for smart cards in Canada”, notes Christie Christelis, President of Technology Surveys International Inc. “While EMV migration is by far the most significant smart card initiative on the horizon for the next five years, transit and security will increase their importance in the market over that time.”

Key findings of the study are:

• The Canadian market is on the eve of dramatic expansion, with the number of cards in circulation forecast to grow at a rate of more than 50% per year for the next five years.
• By 2011, more than 110 million smart cards will be in circulation in Canada.
• The surge in demand for smart cards is being led by Canada's EMV migration program, implementation of automatic fare collection systems by a number of transit authorities, and the use of smart cards for secure electronic travel documents (e-passports).
• The number of payment cards in Canada will exceed 132 million units by 2011 (including smart cards and magstripe cards).
• GSM SIM cards and smart cards used for conditional access for satellite television will remain important market segments.
• Demand for terminals and card acceptance devices will accompany the proliferation of cards in Canada, as large scale card issuance programs are rolled out.
• Wireless payments is an important growth area that may overtake the planned rollout of EMV contact smart cards.
• Suppliers are gearing up for the surge in Canadian smart card demand with new entrants emerging at all levels in the value chain.
• There are a number of important opportunities for convergence with EMV-based payment applications emerging on the Canadian market, most notably in the areas of transit and loyalty.

Prospects for the Chip Card Market in Canada: 2007, is the most comprehensive and authoritative strategic market analysis and forecast available on the Canadian smart card market. Based on interviews with more than 85 key executives in the industry, as well as on extensive secondary research, the report provides subscribers with the essential information that they need to succeed in this rapidly developing market. The Canadian smart card market is unique, both in the way in which the market is developing, and in how the supply structure is adapting to meet expected surge in demand for smart cards, terminals and related systems.

This report positions the Canadian market in the context of global smart card market developments, examines important technology trends influencing the Canadian market, and provides subscribers with an in-depth assessment of the opportunities for smart cards in Canada in different applications sectors, together with insightful analysis of the challenges facing the deployment of smart card systems in these areas.

Published by Technology Surveys International Inc. (TSI), this detailed 209 page report is a complete update of the 2000 edition of the study.

About Technology Surveys International, Inc. (TSI)
Technology Surveys International, Inc. (tsiglobalnet.com) is a leading technology market intelligence company based on Oakville, Ontario, Canada. Established in 1995, the company has been tracking developments in the plastic card, smart card and payment systems markets in Canada and globally for the past twelve years. TSI focuses on technology-driven industries ranging from IT and telecommunications to advanced materials and biotechnology.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Technology Surveys International, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics/Instrumentation/RFID articles,
CATCH Visitors via Your Competitors Announcements!


Canadian Smart Card Market Set for Take-Off

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Christie Christelis - TSIglobalnet.com 
905-339-0109 christie[.]tsiglobalnet.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Technology Surveys International, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Electronics/Instrumentation/RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Technology Surveys International, Inc. / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Newswires:

Curtiss-Wright Qualifies its Conduction Cooled Supercomputer-Class DSP Modules for ISR Applications to Extreme Ruggedization Level
NI Unveils the Next Generation of LabVIEW
Bruker Launches the S8 TIGER™ Series 2 WDXRF System for Elemental Analysis in Industrial and Academic Research and Materials Quality Control
GE Expands Board-Level Power Conversion Capabilities with Next-Generation DLynx* II Digital, Non-Isolated DC-DC Voltage Converters
LED Lighting Industry - Middle East to Become One of the Fastest Growing Markets Finds Frost & Sullivan
Hitachi High Tech Science Park to Open in California
Frost & Sullivan Acclaims Kamstrup for its Highly Customer-centric Smart Water Meter Solutions
Curtiss-Wright’s New QorIQ® T2080-based COTS Single Board Computer Speeds and Lowers the Cost of DO-254 DAL A Safety Certifiability
Bruker Acquires Emerging Light Sheet Microscopy Company Luxendo
Curtiss-Wright Expands Industry-Leading Counterfeit Mitigation Efforts with Improved Obsolescence Mitigation Reporting Procedures
NI Announces New Multichannel Mixed-Signal Instruments to Lower Cost and Size of Automated Test Systems
Enel Energia, Nissan Italia and IIT Join Forces for the Development of Electric Mobility
ESA Satellite with Noliac Piezo Actuator Stacks in Space
Curtiss-Wright Selected by Bell Helicopter Canada to Provide Cockpit Voice/Flight Data Recorder System
Toyota Acknowledges Infineon for Outstanding Quality

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Intrinsic Executive Search Ltd

Visit  Explorers Vacation Club





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)