Card Tech International is a company engaged in innovative 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.
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