A New Report Analyzes the Indian Smart Card Industry
During 2013-2018, we expect smart cards to further percolate into a number of other sectors such as credit/debit cards, financial inclusion, public distribution, healthcare, identity management, transportation, etc.
Published on: Mar 4, 2016
Transcripts - A New Report Analyzes the Indian Smart Card Industry
A New Report Analyzes the Indian Smart Card IndustryDuring 2013-2018, we expect smart cards to further percolate into a number of other sectorssuch as credit/debit cards, financial inclusion, public distribution, healthcare, identitymanagement, transportation, etc.In Pugalur - a small village in Tamil Nadu, Swami, a 55 year old farmer goes out to withdrawsome money from his bank account. He takes out a smart card from his pocket and gives it to abusiness correspondent - a bank appointed agent who comes to the village with an electronichandheld device connected to the bank. The business correspondent takes Swami’s smart cardand inserts it on his hand held device facilitating withdrawal of his money, deposits and othertransactions.Smart cards have not only changed Swami’s life but also the lives of millions of Indians living inremote villages who previously had no access to any kind of financial services. Be it an identitycard, credit card, drivers license, health insurance card or a metro pass; smart cards are notonly rapidly replacing paper and magnetic stripe cards wherever they are in use but have alsostarted penetrating into sectors that had remained untapped so far.In technology terms, smart cards resemble similar to “dumb” magnetic stripe cards, but with onemajor difference: embedded in them is a computer chip, either to process data held on the card,or to act as an access key to data that is held remotely. Smart cards are more secure thansimple plastic or magnetic stripe cards and are more versatile, being able to store more dataand operate multiple applications.Till recently, the telecom sector has been the only prominent user of smart cards in the country.The picture is now undergoing a radical change. Driven by a number of public and privateinitiatives, the use of smart cards is getting more and more diversified. During 2013-2018, weexpect smart cards to further percolate into a number of other sectors such as credit/debitcards, financial inclusion, public distribution, healthcare, identity management, transportation,etc. The versatile application of smart cards can be further validated from the fact that thetelecom sector, which represented the biggest application sector in 2012, accounted for morethan 70% of the total market volumes. In contrast, the National Population Register, which isexpected to represent the biggest application segment in 2018, is expected to account for lessthan 31% of the total market volumes by 2018.
IMARC’s new report entitled “Smart Card Industry in India: SIM, Identity, Banking,Transport, Healthcare, Pay TV, Loyalty & PDS” gives a deep insight into the Indian smartcards market. The research study serves as an analytical as well as a statistical tool tounderstand not only the market trends, structure, drivers and restraints but also the outlook ofthe market till 2018. This report aims to serve as an excellent guide for investors, researchers,consultants, marketing strategists, and all those who are planning to foray into the Indian smartcards market in some form or the other.Table of Contents1. Research Methodology & Market Definitions2. Executive Summary3. Smart Card Industry in India: Market Performance3.1 Historical & Current Demand3.2 Historical and Current Demand by Application3.3 Demand Forecast3.4 Demand Forecast by Application4. Smart Card Industry in India: Market by Application4.1 Telecommunications4.1.1 Application Overview4.1.2 Smart Card Sales & Volume: Current Trends & Forecast4.2 National Population Register4.2.1 Application Overview4.2.2 Smart Card Sales & Volume: Current Trends & Forecast4.3 Public Distribution Systems4.3.1 Application Overview4.3.2 Smart Card Sales & Volume: Current Trends & Forecast4.4 Pay TV4.4.1 Application Overview4.4.2 Smart Card Sales & Volume: Current Trends & Forecast
4.5 Loyalty Cards4.5.1 Application Overview4.5.2 Smart Card Sales & Volume: Current Trends & Forecast4.6 Financial Services4.6.1 Credit/Debit Cards126.96.36.199 Application Overview188.8.131.52 Smart Card Sales & Volume: Current Trends & Forecast4.6.2 Financial Inclusion184.108.40.206 Application Overview220.127.116.11 Smart Card Sales & Volume: Current Trends & Forecast4.6.3 PAN Cards18.104.22.168 Application Overview22.214.171.124 Smart Card Sales & Volume: Current Trends & Forecast4.7 Travel Identity4.7.1 E-Passports126.96.36.199 Application Overview188.8.131.52 Smart Card Sales & Volume: Current Trends & Forecast4.7.2 Driving License184.108.40.206 Application Overview220.127.116.11 Smart Card Sales & Volume: Current Trends & Forecast4.7.3 Registration Certificates18.104.22.168 Application Overview22.214.171.124 Smart Card Sales & Volume: Current Trends & Forecast4.8 Health Care4.8.1 Rashtriya Swasthya Bima Yojana126.96.36.199 Application Overview188.8.131.52 Smart Card Sales & Volume: Current Trends & Forecast4.8.2 Other Healthcare Projects.4.9 Automated Fare Collection
4.9.1 Metro Rail Projects184.108.40.206 Delhi Metro220.127.116.11 Kolkata Metro18.104.22.168 Bangalore Metro22.214.171.124 Mumbai Metro126.96.36.199 Hyderabad Metro188.8.131.52 Chennai Metro184.108.40.206 Other Metro Projects4.9.2 Bus Transportation220.127.116.11Ahmadabad’s Public Bus Transport System18.104.22.168 Mumbai’s and Navi Mumbai’s Public Bus Transport System22.214.171.124 Karnataka’s Public Bus Transport System126.96.36.199 Other Bus Transport Systems4.9.3 Indian Railways5. Drivers5.1 India Provides One of the World’s Largest Consumer Base for Mass MarketApplications5.2 India’s Growing Mobile Subscriber Base Will Continue to Drive Demand in theTelecom Sector5.3 e-Governance Initiatives to Create a Huge Demand in the Public Sector5.4 Modernization of Public Transport Systems is Expanding Smartcard Usage5.5 Identity Management is Creating a Huge Opportunity for Smart Cards5.6 Retail & Banking Sectors Offer Immense Potential6. Challenges6.1 Implementing Smartcard Based Systems Requires Substantial InfrastructureInvestments6.2 Limited Awareness & Resistance to Technological Changes6.3 Systemic Delays6.4 Chip Prices Have Been Declining in Recent Years7. Key Company Profiles
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