News and insight into biometric identification and authentication

Companiesandmarkets.com reports on smart card future

Tuesday, August 12, 2008

Companiesandmarkets.com has recently compiled a new report on the global future of the smart card market detailing the futures specifically in the U.S., Canada, Brazil, Russia, France, India, China, South Korea, South Africa and the UK. The report details the global as well as country-specific smart card markets.


The report found that the telecom industry has the highest demand for smart cards with South Africa showing the largest potential. Asian countries also show much potential for growth, however, are currently deterred by high implementation costs. Additionally, it is believed that the expansion of smart card applications will drive the future market; specifically in the mobile device, banking and biometrics markets.

The research goes on to address a number of additional issues and questions about the future of the market including identifying and analyzing the key companies involved in the industry and looking at potential challenges and opportunities that lie ahead. [end] 

A new report from ABI Research reveals that the security sector is driving growth in the smart card industry, according to esecurityplanet.com.

“New revenues are coming from contactless/dual-interface cards and more applications require the greater security offered by smart cards. There remains a small, but solid, memory-based market, but higher-end secure microcontroller ICs and embedded solutions are driving the new growth. As a result of this and re-stocking inventory, we forecast that IC revenues will grow nearly 14% in 2010,” said ABI Research analyst John Devlin.

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SEPTA’s (Southeastern Pennsylvania Transit Authority) proposed smart card fare system has met some resistance from passenger advocates, according to The Philadelphia Inquirer.

Essentially, the proposition entails railway passengers taking a free train into the Philadelphia’s Center City station and paying a roundtrip fare on ride home, reports The Inquirer.

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The Jamaica Urban Transit Company (JUTC) is pushing for more student commuters to use its smart card system for paying fares on buses, according to the Jamaica Information Service.

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Companiesandmarkets.com has released a new report detailing the status and expected future of biometric technology in North America. Specifically detailed in the report are market drivers and restraints, industry trends, competitive environment analysis and challenges facing those in the industry taking into consideration fingerprint, face recognition, iris recognition, hand geometry, voice verification, signature verification and other biometric modes.

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Companiesandmarkets.com has released a new report providing statistics on market size, competitor market shares and forecasts for the Japanese payment card market.

The report, “Payment Cards in Japan,” also provides an overview of regulation, competitor activities, issuer strategy and product innovation, including developments in contactless, mobile payments, online and prepaid cards up to 2014.

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New analysis from Frost & Sullivan shows that current smart card-based transit projects in growing European and world cities will lead to an 11% Compound Annual Growth Rate (CAGR) in smart card shipment from 2009 to 2015.

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