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Middle East and North Africa (MENA) Smart Cards Market
Frost & Sullivan, Oct 2010
Smart cards market in the MENA region over the past decade witnessed a major growth due the high-level of security requirement. Key segments like telecommunication, transportation and the newly launched national identity cards scheme are the driving forces that have a major impact in the MENA smart cards market. Increase in the security concern in some of the key segments have led to the addition of newer application segments in the smart cards market.
Research Overview
This Frost & Sullivan research service titled Middle East and North Africa (MENA) Smart Cards Market provides market dynamics, market size and forecasts, trends, and competitive analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: contact smart cards and contactless smart cards. It also analyzes the following application: communication, transportation, payment, national identity, access control, driver’s license and vehicle registration, health cards, retail and loyalty cards, and pay TV.
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Market Overview
Requirement for High-level Security in Both Private and Government Sectors Gives a Thrust to the Smart Cards Industry
The rising need for high-level security, ease of access, and secured mode of payment are the key factors influencing the growth of smart cards market in the MENA region. The technology is likely to be primarily adopted in applications such as health cards, driver’s license, and conditional access system television, but the largest demand is expected from the telecommunications segment due to the shift from fixed line telephony to mobile telephony. This segment is anticipated to account for 64.5 percent of the overall smart card sales. Meanwhile, over the last five years, the MENA region has ramped up homeland security by implementing more smart card-based security to avoid counterfeiting and instances of fraudulence in the existing database. “Illegal immigration and the need for high-level security in the government administration are the key areas of concern,” says the analyst of this research. “Smart card suppliers are focusing on providing a secured and customized solution for both government and private segments.”
The governments of different countries in the MENA region are in the process of assessing and building a complete database of the citizens, immigrants, and expats for the national identity card project. Individual government agencies are also supporting various government initiatives to make this project a major success. However, providing a comprehensive database, securing the data for government-related projects, and integrating multi-government projects involve a tedious and time-consuming process. Suppliers with the technological resources are likely to make the most of the tremendous opportunities generated by these large-scale government projects.
Suppliers are investing considerably in R&D to keep pace with the continuous technology updates and the need for highly secured transactions in the banking industry. With an increasing number of applications in the smart cards market, the suppliers are investing heavily in developing superior products and solutions. “The market is likely to get an additional boost from the usage of smart payment in both metros and road transportation,” notes the analyst. “The introduction of smart cards in driver’s license and vehicle registration also bodes well for the market.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Segment:
- Contact smart cards
- Contactless smart cards
By Application:
- Communication
- Payment
- Transportation
- National identity
- Access control
- Driver’s license and vehicle registration
- Health cards
- Retail and loyalty cards
- Pay TV
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