Smart Cards Get Smarter: Market Sees Strong Growth

(PRZOOM - Newswire) - Palo Alto, CA, 10/10/2005 - New analysis from Frost & Sullivan (www.smartcards.frost.com), World Smart Card IC Markets, reveals that revenues in this market totaled $2,098.9 million in 2004 and projects to reach $4,188.1 million in 2010.

Although the growth in the smart card integrated circuit (IC) market was erratic over the last five years, it received a strong boost with the explosive, yet unexpected, growth in the subscriber identity module (SIM) segment in 2003 and 2004. The uptake of Europay, MasterCard, and Visa (EMV) cards is increasing and this is significant enough to drive continued growth in the overall market.

New analysis from Frost & Sullivan (http://www.smartcards.frost.com), World Smart Card IC Markets, reveals that revenues in this market totaled $2,098.9 million in 2004 and projects to reach $4,188.1 million in 2010.

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 World Smart Card IC Markets