International. Global Industry Analysts Inc. released a report that forecasts that the global smart card market will reach a figure close to 11 billion units in 2015.
This same entity affirms that this growth is due to large initiatives in the finance, government and security sectors, with the telecommunications sector being the one that is in the lead as the largest end user.
Latin America, along with the United States, Canada, France, Germany, China, India, Japan, South Korea, Vietnam and the Philippines are included among the regional markets that will provide the greatest sources of development, as detailed in the report.
The increasing use of contactless technology, new applications, and EMV standard migration processes among nations are also key drivers of the global smart card market.
The research report titled "Smart Cards: A Global Perspective," which can be viewed online on the Global Industry Analysts Inc. website, analyzes the scenario of smart card demand in telecommunications, financial and banking services, security, and the public transportation sectors. It also provides statistical quotes, market reports and brief summaries of research results.
