India-based market research firm RNCOS predicts a 16% increase in the Chinese smart card market, according to its new report “Smart Card Market Forecast to 2012.”
The report discusses the rapid adoption of smart cards in China in many industries such as telecom, banking, utilities and tourism industries. Many government ministries have also adopted smart cards for a number of initiatives, including the Ministry of Education’s program to combine student ID cards and campus all-in-one cards.
RNCOS writes that the rise of mobile payments and implementation of smart cards for public transit will fuel the growth of the Chinese market.
The report also highlights the smart card market in 16 countries, looks at industry performance by technology and application and examines the four main providers in the field.