Telecom Sector Driving the Demand for Smart Cards

The unit shipment of smart cards in telecom sector is projected to surge at a CAGR of nearly 10% during 2011-2013, says a new research report from RNCOS.

Noida, India (prHWY.com) March 3, 2011 - The telecom sector remains the leading area of application for smart cards throughout the world. The chief driver for the smart card industry is SIM card usage in every mobile phone. From the global perspective, the mobile market is speedily becoming mature. As the competition is growing, revenue streams are lessening. Nevertheless, there is little propensity that this would influence SIM card demand. In the telecom sector, the unit shipment of smart cards is forecasted to grow at a CAGR of around 10% during 2011-2013, says our new research report "Smart Card Market Forecast to 2012".

Moreover, with the rising demand for interoperability, mobile operators throughout the world are looking at value-added services to enhance their services. This is an exceptional opportunity for mobile SIM card manufacturers as the mobile operators, at present, will require superior SIM cards with better memory and faster downloading abilities to support value-added services (VAS), which will boost the demand for smart cards during the forecast period. We have also found that, Microprocessors accounted for the majority of smart card usage in this sector, with over 90% share in 2009.

Our team of experts has carefully included the country profiles of various countries in the report, on the basis of developments going on in each country. The countries that have been included in the report are some developed economies, such as the US, Canada, Japan, the UK, Germany etc. Further, several developing countries, such as South Korea, India, and China have also been covered.

Our report "Smart Card Market Forecast to 2012" provides thorough analysis of the various segments of the smart card industry by segmenting it on the basis of technology and applications. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Due consideration has been given to the possible after effects of recession on the industry. It will help clients to have a proper insight of the current and future outlook of the smart card market at the global forefront.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM007.htm

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About RNCOS:

RNCOS 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.

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Tag Words: smart card market

Categories: Banking

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