There is some good news coming across for Smart Card Industry , as per research conducted by MarketsandMarkets, a market Research company, the Global Smart Card Market (World smart card- advanced technologies, application and global forecast ) should be worth US $6.6 Billion by .
The global market is assumed to record a CAGR of 7.3% from 2009 to 2014.
The smart card loads has already reached about 5.2 billion in 2009 the reason being growing demands for Mobile Industry and various needs arising from different Government keeping in view of security factor and reliability concerns.
The smart card technology is extensively used in payment industry for secure transaction across the globe . With the advent of NFC ( Near Field communication ) and M2M (Machine to Machine Communication ) its is expected that in next few years smart industry will grow rapidly as ever .
A smart card, chip card, or integrated circuit card (ICC), is any pocket-sized card with embedded integrated circuits. There are two broad categories of ICCs. Memory cards contain only non-volatile memory storage components, and perhaps dedicated security logic. Microprocessor cards contain volatile memory and microprocessor components. The card is made of plastic, generally polyvinyl chloride, but sometimes acrylonitrile butadiene styrene or polycarbonate . Smart cards may also provide strong security authentication for single sign-on within large organizations.[ Sources Wikkipedia]
No comments:
Post a Comment