Reportlinker.com expects the global smart card market to grow 12 percent through 2014, it says in a new forecast report, according to ATM Marketplace.
“Smart Card Market Forecast to 2014” is a global look at the shipment of smart cards. Reportlinker.com estimates that shipments will be around 6.1 billion units in 2011, an 11% increase over 2010.
That growth is expected to continue due to increased demand from emerging markets, as key manufacturers expand their reach in these regions. The market will also be bolstered by an increase in 3G penetration, focus on payments, NFC, mass transit cards and e-passports.
Reportlinker.com expects these drivers will increase shipments of smart cards with an expected CAGR of about 12 percent from 2011-2014. The contactless smart card market is expected to grow at a CAGR of about 22 percent during this same time period.
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