In Pugalur – a small village in
Tamil Nadu, Swami a 55 year old farmer goes out to withdraw some money from his
bank account. He takes out a smart card from his pocket and gives it to a
business correspondent – a bank appointed agent who comes to the village with
an electronic handheld device connected to the bank. The business correspondent
takes Swami’s smart card and inserts it on his hand held device facilitating
withdrawal of his money, deposits and other transactions.
Smart cards have not only changed
Swami’s life but also the lives of millions of Indians living in remote
villages who previously had no access to any kind of financial services. Be it
an identity card, credit card, drivers license, health insurance card or a
metro pass; smart cards are not only rapidly replacing paper and magnetic
stripe cards wherever they are in use but have also started penetrating into
sectors that had remained untapped so far.
In technology terms, smart cards
resemble similar to “dumb” magnetic stripe cards, but with one major
difference: embedded in them is a computer chip, either to process data held on
the card, or to act as an access key to data that is held remotely. Smart cards
are more secure than simple plastic or magnetic stripe cards and are more
versatile, being able to store more data and operate multiple applications.
To
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Till recently, the telecom sector
has been the only prominent user of smart cards in the country. The picture is
now undergoing a radical change. Driven by a number of public and private
initiatives, the use of smart cards is getting more and more diversified.
During 2013-2018, we expect smart cards to further percolate into a number of
other sectors such as credit/debit cards, financial inclusion, public
distribution, healthcare, identity management, transportation, etc. The
versatile application of smart cards can be further validated from the fact
that the telecom sector, which represented the biggest application sector in
2012, accounted for more than 70% of the total market volumes. In contrast, the
National Population Register, which is expected to represent the biggest
application segment in 2018, is expected to account for less than 31% of the
total market volumes by 2018.
IMARC’s new report entitled “Smart
Card Industry in India: SIM, Identity, Banking, Transport, Healthcare, Pay TV,
Loyalty & PDS” gives a deep insight into the Indian smart cards market. The
research study serves as an analytical as well as a statistical tool to
understand not only the market trends, structure, drivers and restraints but
also the outlook of the market till 2018. This report aims to serve as an
excellent guide for investors, researchers, consultants, marketing strategists,
and all those who are planning to foray into the Indian smart cards market in
some form or the other.
What We Have Achieved in this Report
- Comprehensive situation analysis of the Indian smart cards market and its dynamics.
- Identifying all application segments/sub-segments and quantifying their current and future market potential.
- Providing a robust long range value and volume forecast for all segments and sub-segments.
- Providing an understanding of key drivers and restraints and their impact on current and future market scenario.
Smart Card Application Segments and
Sub-segments Covered in this Report
- Telecommunication
- National Population Register Project
- Public Distribution System
- Pay TV
- Loyalty Cards
- Financial Services
- Credit / Debit Cards
- Financial Inclusion
- PAN Cards
- Travel Identity
- Driving License
- Vehicle Registration Certificates
- E-Passports
- Automated Fare Collection
- Metro Rail Projects
- Bus Projects
- Indian Railways
- Healthcare
- Rashtriya Swasthya Bima Yojna
- Other Healthcare Applications
Focus of the Analysis for Each
Segment and Sub-segment
- Segment/Sub-segment Overview
- Smart Card Implementation Scenario
- Historical and Future Smart Card Volume Demand
- Historical and Future Smart Card Value Demand
- Research Methodology
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Initial Exploration of the Indian
Smart Cards Market: Conducted primary and secondary market research to
complement/enhance our current knowledge and to identify key market segments
and sub-segments.
Qualitative Market Research:
Interviewed various industry stakeholders to gain a comprehensive insight into
all major segments and sub segments. This included understanding key metrics
and events such as smart card requirements, current and future demand,
implementation timelines, success & risk factors, costs, etc.
Quantifying the Current and Future
Market Potential: Consolidated our results to quantify the value and volume
potential of smart cards in each segment and sub-segment.
Validating Our Results: Collaborated
with industry stakeholders to validate our results and findings.
Latest Report:
China Low and
Medium-voltage Inverter Industry Report, 2012 - 2015: http://www.marketresearchreports.biz/analysis/166699
In China, low and medium-voltage
inverter manufacturers are mainly concentrated in Yangtze River Delta and Pearl
River Delta. In 2011, more than 76% share of Chinese low and medium-voltage
inverter market was occupied by foreign companies, especially Siemens, ABB and
Yaskawa were still the market leaders. In the next five years, the situation
will remain unchanged.
Compared with foreign brands,
Chinese local low and medium-voltage inverter brands take lower market share.
In 2011, two major Chinese players INVT and Inovance Technology held the total
market share of about 4.5%. As China attaches more importance to energy saving
and environmental protection, major companies have increased their investment
in the inverter industry, actively expanded capacity, and improved industrial
chain.
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