Global Smart Cards Market Expected to Reach USD 11.9 Billion in 2020: Transparency Market Research
The market was valued at USD 6.6 billion in 2013 and is expected to reach USD 11.9 billion by 2020, growing at a CAGR of 9.0% from 2014 to 2020. Asia Pacific was the largest revenue contributor in 2013, accounting for almost 50% of the global smart card market revenue. The growth is mainly driven by increasing adoption of smart cards for applications such as telecommunication, toll collection, ticketing, and driver's license, national and cross border identification cards and others....
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