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Banking and Public Sectors to Drive Growth in the Next 5 Years
A burgeoning demand for chip-based payment cards and electronic documents fuel the growth in the smart card market. Although the SIM card market is slowing down in terms of unit shipment and revenue, the migration to the EMV standard and the digitalisation of public services is resulting in a greater demand for smart cards in the payment industry and public sectors. Frost & Sullivan has carried out an extensive primary and secondary research on the smart card market. This research service provides the unit shipment and revenue forecast by region for SIM cards, banking and payment, government and ID, and transportation smart card markets for the period 2012-2018.
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