Dallas, TX -- (SBWire) -- 09/28/2011 --MarketsandMarkets incorporated this report based on both primary and secondary research, on smart card market to gauge business opportunities for the market players of the industry.

This report provides insights for smart card manufacturers; banking and financial corporations, telecommunications companies, government authorities and healthcare providers; and semiconductor suppliers.

High migration cost and interoperability have been the key issues affecting growth of the market apart from security issues with contactless technology. However, market players have a number of underlying opportunities such as in NFC, M2M, and multi-application cards.

Another opportunity for the companies is to concentrate more on the Asian markets that are expected to grow at a faster rate in future. APAC region accounted for the highest shipments and is expected to contribute the maximum in the future.

A major driving force for the payment transaction market as it allows customers to make secure payments is attributed to the smart card technology. 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 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.

The global shipments of smart cards are expected to reach about 8.8 billion units by 2015 from 5.2 billion units in 2009, growing at a CAGR of 9.6% during 2010 – 2015. Rising awareness amongst the masses about the benefits of smart cards in access and identity security and growing adoption in sectors such as telecommunications, healthcare, and banking have been responsible for the continuous growth of the smart card market. The growing penetration of mobile phones has made telecommunications sector the largest consumer of smart cards globally in the form of SIM (Subscriber Identification Module).

The report covers the global smart card market by forecasting shipments, revenues, and analyzing trends in submarkets such as smart card interface, components, and sector specific application.

The intended audiences for this report include smart card manufacturers, smart card operating system developers, semiconductor manufacturers, certification bodies and test laboratories, smart card integrators, and application developers & smart card end-users such as healthcare and governmental organizations, mobile network operators, and banking and financial institutions.

Scope of the report

This research report categorizes the global smart card market on the basis of smart card interface, components, smart card application in various sectors.

One the basis of smart card interface:

The contact interface card accounted for the largest shipments at 4,200 million in 2009. Of this, telecommunications sector accounted for 3,580 million (85.2%) while contactless, hybrid, and dual interface smart card accounted for 1,060 million. The pure contactless smart card shipments accounted for 10.9% i.e.575 million of overall smart card shipments in 2009.

On the basis of components:

The components are segmented on the basis of microprocessor and memory smart cards.

On the basis application:

The application segment for smart card includes telecommunications, government IDs, healthcare, financial services, retail, pay TV, transportation sector.

On the basis of geography:

The global smart card market has registered a healthy growth in all the geographical segments, especially in developing countries such as India (growing at CAGR of 21.2% during 2006 – 2010 to reach $140 million market in terms of value by 2010), China (1.2 billion smart cards shipped in 2009 growing from 670 million in 2005), and Brazil. The report covers market geographies such as North America, South America, Asia-Pacific and EMEA.

Browse All : Smart Card Market
http://www.marketsandmarkets.com/Market-Reports/smart-card-285.html

About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com.