Strengthened by the technological developments, the global smart card shipment showed a 20% growth in 2007. Future of the smart card market depends on its compatibility with existing systems.
The Latin American and the Asia pacific smart card markets have potential to grow above the existing rate but the high initial cost will be a limiting factor.
The EMEA region has emerged as the biggest market for the smart cards while USA market is growing at a phenomenal rate. Presently, Europe accounts for around 65% of the demand.
