Card Tech International is a company engaged
ininnovative mobile handheld devices and aims to revolutionize the
markets of identification, security and monetics using biometric identification
technologies.
PinKey? Smart
The smart card evolves and becomes safer
This state-of-the-art smart card guarantees top level
security thanks to the ?system on card? biometric verification. Based on ISO
7810 ID-1 and ISO 7816 standard, the same as conventional credit cards, it
allows the authentication of the user trough biometrics, increasing the
security level which is today entrusted to the simple and weak PIN. PinKey
Smart integrates a fingerprint sensor within it?s 0.76 mm thickness, with
minimum costs and dimensions, it will allow the infallible binomial of payments
and biometrics. More certainty for the user and compatibility with the existing
infrastructure (POS, ATM, smart card readers). With this revolutionary smart card,
flexible and self-powered, logical and physical access will benefit of a
security level unbelievable until yesterday.
Market research points to the SmartCard Market being worth
almost $8b USD by 2018, here is part of that research from Transparency Market
Research (TMR).
A smart card is usually a plastic card which contains a
memory or microprocessor chip embedded in it, which is capable of storing and
transmitting data.
Smart cards market can be classified based on the basis of
the interface into contact smart cards, contactless smart cards, and hybrid
smart cards. Based on its components, there are two types - memory smart cards
and microprocessors. Smart cards have a wide area of application such as in
transportation, telecommunication, for making government IDs, in the financial
sector and in paid TV services. In addition to these, geographically the market
is divided into North America, EMEA, Asia-Pacific, and Rest of the world.
The global smart card market was valued at USD 4.5 billion
in 2011 and is expected to grow at a CAGR of 7.7%. The market is expected to
reach USD 7.9 billion by 2018. The telecommunication sector is the largest
revenue generator for the smart card market, contributing about 50% of the
revenue. Geographically, EMEA is the largest revenue generator for the smart
cards market on account of technology competence and demand for secured
transactions.
The major driver for the smart card market is its
application in the financial sector with the increased global demand for credit
cards. Also, rising cases of fraudulent transactions have reduced the use of
the magnetic strip for encoding data. The explosive growth in the cell phone
market, especially in India and China, has resulted in tremendous growth in the
smart card market. The widened 3G penetration has also enhanced the demand for
these cards.
The increase in the areas of application plays an important
role in globally developing the smart card market. The governments of various
countries have started using smart card enabled technology in government ID
projects. There are various new
technologies like NFC (Near Field Communication) and machine to machine
communication which are being used extensively in developing countries, which
would support the growth of the smart card market in the future. The enhanced
security feature that a smart card offers is a driving force in the development
of the market with regards to the financial sector and this is expected to grow
with time.
Source Transparency Market Research (TMR)
Transparency Market Research (TMR) is a market intelligence
company providing global business research reports and consulting services. Our
exclusive blend of quantitative forecasting and trends analysis provides
forward-looking insights for thousands of decision-makers.
TMR?s experienced team of analysts, researchers, and
consultants use proprietary data sources along with various tools and
techniques to gather and analyze information. Our business offerings represent
the latest and the most reliable information which is indispensable for
businesses to sustain their competitive edge.
- See more at:
http://www.transparencymarketresearch.com/smart-card.html#sthash.Vk91VRij.dpuf
