Eurosmart confirms 2011 volume growth for all market segments and excellent perspectives for 2012

Date: Tue, 11/15/2011 - 19:07 Source: Eurosmart press department

Opening the World Card Summit (Paris) on 15 November 2011, Eurosmart confirmed that over 6 billion microprocessor based smart secure devices will be shipped this year

Eurosmart confirms 2011 volume growth for all market segments and excellent perspectives for 2012 Image credited to Cartes

Double digit growth in the telecom, banking and government segments is set to continue in 2012 thanks to the following major growth drivers and trends:

Telecom
- Still strong growth in developing markets (India, CIS, Latin America)
- M2M is opening new applications and expanding the smart security market, for instance into the automotive, consumer electronics and healthcare sectors
- LTE is launched in more than 20 countries, enabling more feature-rich IP services

NFC
- NFC commercial deployment started in 2011 with NFC enabled handsets and infrastructure available
- Strong growth will happen in 2012. Payment and ticketing are leading applications
- Eurosmart expects secure NFC devices to be in the range of 80 to 120mu in 2012
 o This forecast includes only standard NFC, excluding notably Felica
- Such strong growth will depend on:
 o MNOs and banks aggressively market NFC services
 o Leading handset manufacturers include NFC in all smart phones

Banking-Retail
- EMV migration in Latin America and China is driving growth. India is set to become the next big country to migrate, potentially with the US in the long term
- Dual interface contact & contactless continues its strong growth

Government ID-Healthcare
- Strong growth in National eID programs (Asia, Africa, Latam)
- Smart healthcare programs continue to contribute to growth, for instance with the current deployment in Germany

Multi-application contactless
- There is a clear trend of multi-application contactless cards combining two or more of identity, payment, social benefits and transport services on a single card

New market opportunities
With the growing number of online services and the advent of the Internet of things, Eurosmart sees a clear trend of increasing security demands in addition to the established smart card based applications. For example, this includes embedded secure elements and the associated secure 
remote management solutions for smart metering, eCall, smart grid and cloud computing. Based on our history, the smart security industry is well positioned to provide convenient and secure solutions and services for these new markets.

Eurosmart presents twice a year its market analysis and vision of the Smart Security market worldwide.

 

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