GSM Mobiles
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / February / February 20, 2007
GSM Mobiles and Government Projects to catapult the Indian Smart Card Industry

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

GSM Mobiles and Government Projects to catapult the Indian Smart Card Industry

Mumbai, Maharashtra, India

The continued boom in the Indian mobile telephony market and the paradigm shift in the Government's documentation process has opened up the horizon for greater usage of Smart Cards.

According to Frost & Sullivan's recent study "Indian Smart Cards Market", the total market for Smart Cards was estimated at $44.7 million, during 2005-2006. The Indian Smart Cards Market is forecast to reach $148.7 million by 2010-11 thus registering a CAGR of 22.7%.This research service provides market size estimates for SIM cards and the Non-SIM cards in the Indian market.

If you are interested in a virtual brochure that provides an overview of the Indian Market for Smart Cards, then send an e-mail to Nimisha Iyer/ Ravinder Kaur, Corporate Communications, at niyer@frost.com/ ravinder.kaur@frost.com with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

This comprehensive study, which is the first of its kind in India, provides market analysis for Smart Cards along the applications segments of SIM and the Non-SIM applications. This research service offers insights into the tremendous potential that exists for different applications for smart cards in the Indian market.

The Indian Smart Card market is dominated by the SIM application. Phenomenal growth in GSM mobile telephony and implementation of driving license and vehicle registration projects are acting as key drivers. GSM telephony, the early mover, holds the key as the usage of SIM in its mobile phones provides the much needed flexibility to subscribers.

Though SIM card applications are expected to continue their domination of the smart card market, impending Non-SIM applications are also anticipated to create strong demand. Non-SIM applications of government projects, payment and loyalty cards are some of key drivers for greater penetration of smart cards during the forecast period. Growth in fraudulent activities has encouraged government bodies to adopt smart cards for critical citizen transaction and verifications.

The usage of credit /debit cards in India was low in the initial years. The growth of ATMs and acceptance of debit cards has led to a big leap in card penetration. Usage of smart cards in payment applications is negligible but is expected to witness a steep increase once the Euro Master Visa compliance target date approaches. Introduction of 'petro' cards has helped popularize the use of smart cards in the loyalty cards segment.

"The smart cards market is set for a quantum jump in the near future and is also moving higher in terms of quality of usage. Smart card vendors are moving towards an era where they will have to intelligently upgrade their users towards higher memory while balancing a decline in prices. Time over runs in projects and Government's tight cost control are also expected to challenge smart vendors' business ingenuity", adds V. Niju, Program Manager, Automation and Electronics, Frost & Sullivan

The Indian Market for Smart Cards is part of the Automation and Electronics subscription, which provides an extensive analysis of the market for various product groups with in-depth insights into the different end-user industries. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated based on extensive interviews with major market participants.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 45 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

Nimisha Iyer, Corporate Communications, Frost & Sullivan, +91 (022) 4001 3431 niyer@frost.com

Ravinder Kaur, Corporate Communications, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

India News / Press Releases on February 20, 2007

Today Reebok Stars to Test Cricket Stars
Business Wire India

GSM Mobiles and Government Projects to catapult the Indian Smart Card Industry
Business Wire India

Photograph Voices from the Street: Street Comics for Young Men on Sexuality and HIV by Population Council and Apnalaya
Business Wire India

Log on to www.raceforcry.org, Give Children a Headstart!
Business Wire India

Also see International News / Press Releases on February 20, 2007

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us