PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2006/06/15 - New analysis from Frost & Sullivan Smart Cards Platform Market, reveals that unit shipment in this market totaled more than 940 million in 2005 and estimates to reach more than 4.6 billion in 2011..
Smart cards are in the middle of an expansion phase and are exhibiting double-digit growth rates. As smart cards grow, there is a parallel development of the applications and technologies depending on it. A major boost to this advancement is the convergence of IT and smart cards.
New analysis from Frost & Sullivan Smart Cards Platform Market, reveals that unit shipment in this market totaled more than 940 million in 2005 and estimates to reach more than 4.6 billion in 2011.
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants an overview of the latest analysis of the Smart Cards Platform Market, then send an email to Tori Foster, Corporate Communications at tori.foster[.]frost.com with your full name, company name, title, telephone number, fax number and email. Upon receipt of the above information, an overview will be sent to you by e-mail.
“The growth of the smart cards platform depends on the convergence of IT and smart cards,” explains Frost & Sullivan Research Analyst George C. Paul. “The integration of smart cards with the IT infrastructure will become a necessity and only the most secure and interoperable platform is likely to succeed in the future.”
Currently, smart cards are linked to a computer network only through a reader or terminal-side application that has Transmission Control Protocol/Internet Protocol (TCP/IP) support. As newer platform specifications support TCP/IP, vendors will be able to integrate smart cards directly into the computer network and negate the need for complex terminal-side infrastructure.
The specificity of their functions often deters the uptake of smart cards. Overcoming technological barriers and becoming interoperable are mounting challenges for smart cards. Vendors have to standardize smart cards to make them eligible across all applications.
"The platform in this market will either be flexible and open or proprietary and secure," explains Paul. "The flexible platform will be suitable for applications such as global system for mobile communication (GSM) and transit applications, whereas the secure platform is likely to be utilized for payment and identification applications."
Participants in the smart cards platform market are coming under increasing pressure to bring out specifications targeting particular applications with the right balance of flexibility, security and cost. Smart card manufacturers need to scrutinize business opportunities and take into account the cost of changes in technology before entering the market. Smart cards are likely to deliver huge value to end users and manufacturers as they converge with IT.
Smart Cards Platform Market is part of the Smart Card subscription and it evaluates four major smart cards platforms - Java card, MULTOS, MIFARE, and FELICA. This study provides an overview of the smart cards platforms market and thoroughly examines GSM, payment, government ID, national ID and transit ID applications. Executive summaries and analyst interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 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.
Smart Cards Platform Market