PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

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!

Contactless Smart Card Market Expected to Weather the Storm Caused by Economic Uncertainties Finds Frost & Sullivan - With Asia Pacific being a highly diverse geographic region with dissimilar market conditions, participants in the contactless smart card market should be prepared for varied reactions to the economic downturn
Contactless Smart Card Market Expected to Weather the Storm Caused by Economic Uncertainties Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2009/04/09 - With Asia Pacific being a highly diverse geographic region with dissimilar market conditions, participants in the contactless smart card market should be prepared for varied reactions to the economic downturn.

   
 
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!


 

While countries that have not yet achieved mass deployment of contactless smart cards could experience further delays, more advanced countries such as Japan and South Korea that possess strong contactless infrastructure and high penetration rates are unlikely to slow down drastically.

In fact, some countries continued to expand and new projects, particularly in mobile payments, flourished in 2008 despite the turbulent economic environment.

New analysis from Frost & Sullivan (smartcards.frost.com), Asia Pacific Contactless Smart Card Market, finds that the market earned revenues of $769.4 million in 2008 and estimates this to reach $1356.0 million in 2014.

Ongoing issuance of projects such as e-passport and mass transit ticketing will continue and applications will expand to include contactless and mobile payments. Some other contactless applications that will insulate the market from the downturn are upgrades and replacement cards.

Despite this positive outlook, market participants must be prepared for a lower volume and revenue growth rate, as some new projects and expansion programs could be delayed or shelved.

"Applications that may suffer are perhaps new projects in entertainment, tourism, travel, or access control – especially when there are cheaper alternatives and converting to smart cards may not be a priority at this point in time," says Frost & Sullivan Industry Analyst Michelle Foong. "For instance, contactless payments may not be popular in countries that are just starting to expand or launch various projects."

To ride out this unstable phase, market participants should promote their products' ability to create a more efficient and cost-saving system in the long term, be it in the mass transit, government, or other industry. This benefit will be even more apparent if there are multiple applications. At a time when participants need to restrain spending, vendors should revisit successful business cases and emphasize the long term cost savings and efficiency that resulted from them.

"Currently, there are many well-established projects in the region such as Ez-Link in Singapore, T-Money in South Korea, and EasyCard in Taiwan," notes Foong. "Similarly, with e-passports, there are spillover benefits through learning, wherein a country adopts e-passports and later considers using the same platform for its national IDs or driving license cards."

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Asia Pacific Contactless Smart Card Market is part of the Smart Cards Growth Partnership Services program, which also includes research in the following markets: global smart card market, world SIM market, world smart card banking market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents.

Asia Pacific Contactless Smart Card Market / P18A

 
 
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: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

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


Contactless Smart Card Market Expected to Weather the Storm Caused by Economic Uncertainties Finds Frost & Sullivan

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!

Smart Card | Frost & Sullivan
Publisher Contact: Donna Jeremiah / Carrie Low 
+603 6204 5832 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.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 Frost & Sullivan 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 Frost & Sullivan / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Newswires:

Malvern Instruments and PANalytical to Merge
Bruker Announces Corporate Partnership with International Phenome Centre Network (IPCN) for NMR Technologies and SOPs
Predictive and Control Capabilities through IoT Rapidly Expand Global Growth Opportunities for Sensors Finds Frost & Sullivan
IDEX Showcased the World’s First Flexible Touch Fingerprint Sensor for SmartCards and Receives Massive Industry Interest
Endress+Hauser Consult AG Introduces Proline 300/500 - Flow Measuring Technology for the Future
Lipigas Delivers Enhanced Interactive and Visual Mobile Self-Service Portal Using Joint Visual IVR Solution from Dialogic and Telectronic
Customized Electronic Ticket Solutions Simplify Daily Commute in Russian Cities
Bruker AXS Introduces A New Member to The D8 ADVANCE Family - The D8 ADVANCE Plus™
Spellman to Exhibit at the 2016 Radiological Society of North America Meeting in Chicago
Infineon Teams Up with Chinese Appliance Manufacturers for Solutions
Infineon Raises its Through-cycle Target for The Segment Result Margin to 17 Percent
Smartphones and Wearables Market Poised for Growth with Next-Generation Sensors Key Enabler of Innovation
Infineon Complements IMOTION™ Modular Application Design Kit with Two Power Boards
Malvern and PANalytical Announce Merger
Bruker Completes Acquisition of Preclinical PET Imaging Business

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 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)