Key Trends in the Smart Card and SIM Industry

Published: 21 Dec 2009

Anne-Corinne Bell, Consulting & Business Development Director for Frost & Sullivan in Hong Kong attended the latest SIMposium event held in Hong Kong on the 29 and 30 September 2009. Anne-Corinne reports on the key trends in the fast changing Smart Card and SIM industry and the key take-away messages highlighted during the conference.

Riding out of the storm

The SIMalliance bi-annual conference took place last week in Hong Kong, and it was a great opportunity to hear about the latest trends in the smart card industry, but an even better opportunity to grasp the complex relationship model and power struggles that the industry is heading into in the coming years.

Like many other high tech sectors, the market for smart cards has been hit by the financial tsunami.  Government projects have been delayed, financial institutions have postponed technology uptake projects and this has impacted the growth rates in this usually fast growing industry.

In 2008, there were 4.6 billion smart cards shipped worldwide and moving forward into 2012, global aggregated growth rates will be confined to single digit figures. But there are opportunities arising with the smart phone evolution, M2M (Machine to Machine), green issues, form factors, and Asia emerging as a player with greater influence. There will be pockets of high growth, spurred by new technology roll-outs and upgrades, new applications as well as mass-adoption planned in volume markets such as India, China and selected Latin American countries.  In fact, the overriding message delivered at the conference is a positive outlook as there are already signs of recovery from the downturn.

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