Global smartcard demand increases

July 2003 Access Control & Identity Management

Global demand for smartcard products and services is forecasted to increase 11% per year through 2006 to US$ 8 billion, with smartcard issuance doubling to 4 billion, according to the Freedonia Group.

Demand will grow as the world's bank (debit/credit) card population migrates to chip cards - a solution that issuers and sponsors hope will reduce fraud associated with magnetic stripe cards. Facilitating this process will be the ongoing implementation of interoperability standards for smart payment cards based on EMV (Europay-MasterCard-Visa) specifications introduced in 1998.

Use of memory-only payphone cards, already well established in countries such as China, Mexico and Venezuela, as well as Western Europe, are expected to increase in other countries as is that for multifunction smartcards that perform more than one dedicated task, enabling continued improvements in multi-application development tools.

China currently has the fastest growing smartcard market, surpassing France and Germany in 2000 to become the world's largest issuer. Along with China and other Asian countries (including Hong Kong, Singapore, South Korea and Taiwan), the fastest annual increases in smartcard issuance will occur in countries that were not major users of the technology, including the United States, Canada, Japan, Eastern Europe nations and developing countries.


Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Facial access control for ministry
Issue 1 2020, ZKTeco , Access Control & Identity Management
The Ministry of Culture in Saudi Arabia has adopted ZKTeco’s facial recognition technology and fingerprint biometrics to manage access control into its building.

New Door Pilot app from dormakaba
Issue 1 2020, dormakaba South Africa , Access Control & Identity Management
With new dormakaba Door Pilot, automated doors can also now be operated on the basis of remote control technologies. The system, comprising the Door Pilot app for smartphones and a Wi-Fi interface for ...

Identity lifestyle
Issue 1 2020, Suprema , Access Control & Identity Management
Once the technology of the future, biometrics has quietly snuck into our daily lives through smartphones and access controls into our places of work.

Securing BP’s new head office
Issue 1 2020, ISF SFP , Access Control & Identity Management
ISF SFP was awarded the contract to secure the first development phase for Oxford Parks, the new head office for BP South Africa.

Combining aesthetics and access control
Issue 1 2020, Turnstar Systems , Access Control & Identity Management
Prestigious law firm Bowman Gilfillan recently upgraded its physical security with the addition of four Turnstar Speedgate Express access control lanes.

Video doorbells from Ring
Issue 1 2020 , Access Control & Identity Management
Ring has a number of video doorbells available in South Africa that run off batteries or power and enable users to answer their doors from anywhere.

Centurion to unveil new product
Issue 1 2020, Centurion Systems , Access Control & Identity Management
Centurion Systems will be hosting its third Access Automation Expo this year, with dates confirmed for Durban, Johannesburg and Cape Town.

Looking ahead with mobile access technologies
Access & Identity Management Handbook 2020, Technews Publishing, HID Global, dormakaba South Africa, Salto Systems Africa, Suprema, Gallagher , Access Control & Identity Management, Integrated Solutions
Given the broad use of smartphones around the world and the numerous technologies packed into these devices, it was only a matter of time before the access control industry developed technology that would ...

Mobile access is more secure than card systems
Access & Identity Management Handbook 2020 , Access Control & Identity Management
The ability to use mobile phones as access credentials is one of the biggest trends in a market that historically has been slow in adopting new technology.

This is the future. This is what we do.
Access & Identity Management Handbook 2020, ZKTeco , Access Control & Identity Management
ZKTeco has created a unique range of visible light facial recognition products combined with a flexible Android platform.