7-17-00: Smart card market robust; 1 billion European smart cards by 2004
According to new research from IDC, the European smart cards market is continuing to experience robust growth rates. A total of 284 million units were shipped in Europe in 1999,
increasing by 44% over the previous year, and card shipments are forecast to top 1 billion by 2004.
Smart Card Market drivers:
The need for secure access and identification in an increasing number of applications, including corporate security, application and data access, as well as secure identification and access to all sensitive applications and transactions based on the Internet, including but not limited to, electronic commerce, is growing.
Acceptance of multi-applications smart cards technology (allowed by the acceptance of Java compatible cards), which is changing the smart card market into a multivendor open
environment, is growing. This change, together with the large number of smart cards devices already in operation, is attracting software developers and IT vendors.
The European Smart Cards Market 1998-2005 (IDC #WSC01G) features detailed analysis of key market trends for the key segments of the smart cards industry: microprocessor cards,
including Java cards and contactless cards. While the analysis focuses primarily on the four main European countries: France, Germany, Italy, and the United Kingdom, the report provides market sizing and forecasts for the whole Western European market, as well as for the worldwide smart cards market.
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