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Home > Computers and Information Technology > IT Administration & Services > Smart Cards
Prospects for the Chip Card Market in Canada, 2007
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The Canadian smart card market is unique, both in the way in which the market is developing, and in how the supply structure is adapting to meet expected surge in demand for smart cards, terminals and related systems. Prospects for the Chip Card Market in Canada: 2007, is the most comprehensive and authoritative strategic market analysis and forecast available on the Canadian smart card market. Based on interviews with more than 85 key executives in the industry, as well as on extensive secondary research, the report provides subscribers with the essential information needed to succeed in this rapidly developing market. The report positions the Canadian market in the context of global smart card market developments, examines important technology trends influencing the Canadian market, and provides an in-depth assessment of the opportunities for smart cards in Canada in different application sectors, together with insightful analysis of the challenges facing the deployment of smart card systems in these areas.
Market summary
- The Canadian market is on the eve of dramatic expansion, with the number of cards in circulation forecast to grow at a rate of more than 50% per year for the next five years.
- By 2011, more than 110 million smart cards will be in circulation in Canada.
- The surge in demand for smart cards is being led by Canada's EMV migration program, implementation of automatic fare collection systems by a number of transit authorities, and the use of smart cards for secure electronic travel documents (e-passports)
- By 2011, payment smart cards will account for 90% of the annual demand for smart cards in Canada.
- Demand for terminals and card acceptance devices will accompany the proliferation of cards in Canada, as large scale card issuance programs are rolled out
- Wireless payments is an important growth area that may overtake the planned rollout of EMV contact smart cards
- Suppliers are gearing up for the surge in Canadian smart card demand with new entrants emerging at all levels in the value chain
- There are a number of important opportunities for convergence with EMV-based payment applications emerging on the Canadian market, most notably in the areas of transit and loyalty
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