The telecom sector remains the leading area of application for smart cards throughout the world. The chief driver for the smart card industry is SIM card usage in every mobile phone. From the global perspective, the mobile market is speedily becoming mature.
As the competition is growing, revenue streams are lessening. Nevertheless, there is little propensity that this would influence SIM card demand.
Moreover, with the rising demand for interoperability, mobile operators throughout the world are looking at value-added services (VAS) to enhance their services.
This is an exceptional opportunity for mobile SIM card manufacturers as the mobile operators, at present, will require superior SIM cards with better memory and faster downloading abilities to support VAS, which will boost the demand for smart cards during the forecast period.
The research firm has also found that, microprocessors accounted for the majority of smart card usage in this sector, with over 90 percent share in 2009.
The research firm's team of experts has carefully included the country profiles of various countries in the report, on the basis of developments going on in each country. The countries that have been included in the report are some developed economies, such as the US, Canada, Japan, the UK, Germany etc. Further, several developing countries, such as South Korea, India, and China have also been covered.
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