Contactless Smart Cards, RFID, Payment, Transit and Security

Report: Indian smart card market to grow by 20%

Thursday, April 1, 2010

RNCOS has released a report predicting 20% market growth for the Indian smart card industry through 2012 making it one of the fastest growing smart card markets in the world.

According to the report, the telecoms sector will remain the largest part of India’s smart card market, reaching 67% by 2012.

However, other sectors like financial services, public services and transportation are expected to rapidly increase their share in the market in the next two years.

“Smart Card Market Forecast to 2012” also identifies problem areas that might hamper the growth prospects of the smart card industry, as well as analysis of other emerging global smart card markets and brief business profiles of the key smart card players in the world.

Click here for a free sample of the report. [end] 

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