NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/08/25 - With the increasing usage of microprocessor smart cards, it is expected that the global shipment of smart cards will grow at a CAGR of approximately 11% during 2009-2013.
According to our new research report “Smart Card Market Forecast to 2012”, the contactless smart payment cards are used in a number of countries across the world, especially in South Korea and Japan. With the increasing use of contactless technology in various segments including mobile payments, transportation and government IDs, the volume of shipment is anticipate to surge at a CAGR of around 24% during 2011-2013. Additionally, millions of users across the globe are using the technology securely and safely for speedy, safe and convenient transactions.
To analyze the smart card industry, we have segmented it on the basis of technology and application areas. Microprocessor, memory and contactless smart cards shipments are studied in the report. In the application segment, we have identified that smart cards are widely used in finance, transportation, public sector and telecom.
To study the global smart card market, we have selected major countries in terms of smart card growth potential. On the basis of recent developments, we have identified major growth areas in those countries. Current market size and forecast for smartcard shipment in India, China, Japan and South Korea are detailed in the report. Other countries which are included in the report are - US, UK, Canada, Malaysia, Spain, Germany, UAE, Qatar, Oman, Bahrain and South Africa.
“Smart Card Market Forecast to 2012” provides details of the key industry trends and factors that can restrain the growth of smart card across the globe. It also analyzes the strengths and weaknesses of key players. This research supplements the past and current information of smart card market with forecast on various important industry aspects. The report will help clients to analyze the leading-edge opportunities, prospective customer base, expected future outlook and all the other factors related to smart card industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.