Contactless smart card industry set for takeoff

Contactless smart card industry set for takeoff - smartcard, new technology, Frost & Sullivan, CIO role - CIO
Freedom of form and an increased demand for e-passports will see the Asia Pacific contactless smart card industry boom over the next six years, accoridng to one analyst firm.

New market research from Frost & Sullivan predicts the number of unit shipments to peak from 2012 to 2016, with 20 to 25 per cent growth expected year on year.

Research analyst Reuben Foong said the demand will result in more commercial projects in the industry.
“A small number of commercial projects have already begun and more than 200 pilot projects already completed across the globe. In Asia Pacific, we can expect large-scale mobile near field communication deployments in the next one to two years,” he said.