According to the latest IHS Smart Card Overview Report, there is a bright future for the smart card industry over the next five years, even though there are some specific regional challenges across certain vertical markets. The total number of smart card shipments is forecast to reach 12 billion units in 2020, with an expected installed base of 26 billion cards.
The SIM card market will continue to lead overall smart card shipments, but increasingly the electronic government (e-government) and payment and banking sectors will generate the most opportunities. The SIM cards dominance, in terms of shipments, will be eroded by big increases in shipments for e-government applications that will reach 1.1 billion cards in 2020. Payment is expected to grow by 850 million cards to 2.8 billion cards by 2020.
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