Smart card growth in last 5 years
Although the growth in the smart card integrated circuit (IC) market was erratic over the last five years, it received a strong boost with good growth in the subscriber identity module (SIM) segment in 2003 and 2004.
New analysis from Frost and Sullivan World Smart Card IC Markets reveals that revenues in this market totalled 2,098.9 million dollars in 2004 and projects to reach 4,188.1 million dollars by 2010.
Such projects require massive databases containing personal information on citizens, leading to concerns about their integrity and security.