Noida, UP -- (SBWIRE) -- 07/08/2011 -- China has observed rapid growth in its smart card market during the recent past. Several industrial sectors that have shown incredible growth in the smart card adoption include telecom, banking, national ID, public utilities, social welfares, and tourism. Furthermore, multipurpose cards are becoming a significant development direction of smart cards in the country. Consequently, it is expected that, the Chinese smart card market will grow at a CAGR of around 16% during 2011-2013, says our new research report “Smart Card Market Forecast to 2012”.

Our team of experts has found that, the country has been attracting huge investments in the smart card market from both public and private sector. For instance, the Ministry of Education has recently taken an initiative of issuing unified student ID card and campus all-in-one-card. In line with this, the Ministry of Human Resources and Social Security’s have decided to implement medical-insurance-cards nationwide. Besides, various other factors, such as accelerated mobile payments in the country, roll out of urban transport card etc. will continue to fuel the industry’s growth in near future.

We have segmented the smart card market on the basis of technology into microprocessor, memory and contactless smart card. Additionally, we have segmented the smart card market on the basis of application area into telecom, transport, public sector and financial services. Most importantly, we also provided country level analysis of several countries, such as the US, Canada, the UK, Germany, India, China, South Korea, etc.

“Smart Card Market Forecast to 2012” provides thorough research and rational analysis along with reliable statistics of the global smart card industry. The report also provides extensive information on the traditional markets as well as on the emerging technologies. Besides, an insight of trends prevailing in the regional smart card market across the globe has been covered in the report. Analysis and statistics regarding market size, growth, share, segmentation, and geographic distribution have been thoroughly studied in the report to present a comprehensive view of the global smart card market. 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.

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