MarketsandMarkets: World Smart Card Market Worth US$6.6 Billion by 2015

DALLAS, November 9, 2010 - According to a new market research report, 'World smart card - advanced
technologies, application and global forecast (2008 - 2015)'
(www.marketsandmarkets.com/Market-Reports/smart-card-285.html),
published by MarketsandMarkets (www.marketsandmarkets.com ), the total
global smart card market is expected to be worth US$6.6 billion by 2015, out
of which the Telecommunication sector will account for nearly 53.8% of the
total revenues. The global market is expected to record a CAGR of 7.3% from
2009 to 2014.

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www.marketsandmarkets.com/Market-Reports/smart-card-285.html

Growing mobile penetration, surge in acceptance from various governments
and increased security and reliability has spurred the growth of smart card
shipments, which reached 5.2 billion in 2009. Advent of new form factors such
as Near Field Communications (NFC) and Machine-to-Machine (M2M)
communication, growing government ID projects across the globe and EMV
compliance will support the growth of smart cards for next five years,
resulting into 8.8 billion smart cards shipment by the end of 2015.

The smart card market revenue is expected to grow from $4,498.9 million
in 2009 to reach $6,600 million in 2015 with a CAGR of 7.3% from 2010 to
2015. EMEA region holds the maximum share of revenue in consumer electronics
market on account of technological competence, high adoption of high end
smart cards and growing need of secure transaction and identity and access
control. The Asian region, especially, India and China have emerged as smart
card hotspots with continuous development of the cellular markets and the
increasing 3G penetration and increased governmental interest across the
region.

The smart card technology is a major driving force for the payment
transaction market as it allows customers to make secure payments. Thus, it
is expected that microprocessor based smart cards will continue to dominate
the smart card shipments, as compared to the memory chip based smart cards.
The microprocessor segment has accounted for shipments of 4.5 billion smart
cards in 2009, which was 86.5% of the overall shipments (5.2 billion) of
smart cards. The report provides extensive analysis of the smart card
industry, current market trends, industry drivers and challenges for better
understanding of the smart card market structure..

Scope of the report

This research report categorizes the global smart cards market for
forecasting the revenues and analyzing trends in each of the following
submarkets:

    On the basis of smart card interface:

    - Contact smart card
    - Contactless smart card
    - Hybrid and Dual interface smart card

    On the basis of components

    - Microprocessor
    - Memory smart cards

    On the basis of smart card application in various sectors:

    - Telecommunications sector
    - Government IDs and healthcare sector
    - Financial services, retail and loyalty sector
    - Pay TV sector
    - Transportation sector
    - Others

In addition to market sizes and forecasts, the report also provides a
detailed analysis of the market trends and factors influencing market growth,
offering in-depth geographic analyses of the smart card market in the North
America, EMEA, Asia-Pacific, and South America. The report draws the
competitive landscape of the global smart card market, providing an in-depth
comparative analysis of the technological and marketing strategies the key
players are adopting in order to gain an edge over the their competitors.

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