Telecom Sector Expects to Raise Demand for Smartcards

On the back of rising awareness regarding the true potential of smart cards, the global smart card market has been witnessing continuous growth. The telecom sector is the biggest application market for smart cards, with unit shipment estimated at 3.8 Billion at the end of 2009. This is attributed to the growing mobile market that drives the sales of SIM cards. Moreover, with the exponential growth in the number of mobile subscribers projected over the years, especially in the two developing countries namely India and China, the demand of smartcards will also grow. As a result, smartcard shipments in the telecom sector worldwide are projected to grow at a CAGR of around 13% between 2010 and 2012, according to our new report, “Smart Card Market Forecast to 2012”.

Our report studies the performance of the global smart card market by segmenting it into various subsections i.e. by technology, by applications and by regions. The report has broadly categorized the applications of smart cards in the telecom sector, transport sector, public sector and financial sector, identifying the sectors which presently are and in future will drive the growth of the smart card market. As per our study, telecom sector will dominate the global smartcard market as it will constitute around 70% of the global smartcard shipments by the end of 2012. Moreover, our report provides data on the smartcard shipments across all the application areas for the period between 2008 and 2012.

We have done extensive research and analysis to identify the current and future smart card market trends on the regional level. Analysis has been done on the major geographic markets such as Americas, Europe Middle East and Africa (EMEA) and Asia-Pacific. Besides this, the report also provides detailed country level analysis, which will help clients to figure out the emerging countries in this field that will witness a rapid uptake of the technology in future.

“Smart Card Market Forecast to 2012” also identifies certain problem areas that might hamper the growth of the smart card industry in near future. Besides this, our report provides analysis of the key smartcard players in the world, specially highlighting their strengths and weaknesses.