India – A Land of Opportunity for Smartcard Players

March 26, 2010 - PRLog -- With a population of more than one billion, India is among the worlds fastest growing smart card markets. As a number of applications can be integrated into smart cards, there is huge potential for its growth in India, which still lags behind other Asian countries like Japan and China in smart card adoption. With the awareness of smart cards and its applications gradually increasing among the potential users in India, our report “Smart Card Market Forecast to 2012” projects that the Indian smart card market will grow at a CAGR of over 20% between 2010 and 2012 in volume terms.

Our team of experts has further studied the Indian smart card market by categorizing according to the application in the telecom sector; financial services sector and public sector. Our study reveals that the telecom sector presently dominates the Indian smart card market and will continue to do so in near future also. By the end of 2012, the telecom sector will constitute around 67% of the country’s total smartcard market. Moreover, other sectors like financial services market, public sector market and transportation market will rapidly increase their share in the Indian smart card market in the near future.

On a global level, the report studies the global smart card market performance by segmenting it into various subsections i.e. by technology, by applications and by regions. The report broadly categorizes the applications of smart cards in telecom sector, transport sector, public sector and financial sector, identifying the sectors, which have been driving and will drive the growth of the smart card market.

“Smart Card Market Forecast to 2012”, also identifies certain problem areas that might hamper the growth prospects of the smart card industry in near future. The report also provides detailed country level analysis, which will help clients to figure out the emerging countries in this field that will witness a rapid uptake of the technology in future. Besides this, our report provides brief business profile of the key smartcard players in the world, highlighting their strengths and weaknesses.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM007.htm

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.