TechNavio today launched its report Smart Card Market in China 2011-2015 based on an in-depth market analysis focusing exclusively on China. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”Although there are few international vendors in the Smart Card market in China, there has been a trend of a number of local players entering the field for the manufacture of smart cards. The production capacity of these smaller companies is very small in comparison to that of the top players in the market; however, these smaller companies do not have smart cards as their only product offering. Many of these companies manufacture standard plastic cards such as ID cards, loyalty cards and tickets.”
According to the report, one of the major smart card projects in China is the government ID project. There have also been efforts from the government regarding the employment of dual interface cards. The dual interface cards are able to serve as a national ID card as well as a payment card. Currently, the replacement of first-generation resident ID cards with second-generation ID cards is taking place. Other ongoing projects in the country include the Europay, MasterCard and Visa (EMV) migration project, student ID cards, all-in-one campus cards, urban transport cards, and cards for the Ministry of Labor and Social Security. The market will also witness smart card deployment in other areas during the forecast period. This increase in the number of projects pertaining to smart cards will foster growth in the market.
Further, the report discusses that the main challenge faced by the market is the high cost of the upgradation required by the vendors to change the point of sale (POS) terminals for the usage of smart cards.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/smart-card-market-china-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research report – Smart Card Market in China 2011-2015
