Smart cards market sees tremendous growth

It is now billion dollar revenue industry

GN Bureau | September 24, 2015


#SmartCards Expo 2015   #Smart cards   #RFID   #CRPF   #BSF   #CISF   #ITBP and SSB  

India's market for smart cards is in the range of $1 billion in revenues, a rise of 42 percent from 2011. This is one good reason to look at the products being displayed at ssmartcards Expo in New Delhi.

SmartCards Expo 2015, the 17th edition is being organized along with e-Security Expo 2015, RFidIndia Expo 2015,  BiometricsIndia Expo 2015, e-PaymentsIndia Expo 2015 and India Mobile Forum 2015 at Hall-12-A, Pragati Maidan, New Delhi, on September 22, 23, 24.

About 125 companies from 25 countries are participating in SmartCards Expo 2015 and its co-located events. As in the past, this year also Business France India, Consulate General of France in Mumbai, is organising a French pavillion. The smart card exhibition is topmost in Asia and no. 2 in the world.

India has seen a promising growth in all these technologies applications during the past few years. Smart card applications, in conjunction with mobile communications, biometrics, RFID and Payments technologies, are being implemented by the central and state governments for several socio-economic projects worth trillion of rupees, for diversified  socio-economic segments. 

According to Research and Markets, RFID market in India will grow at the CAGR of around 25% during 2013-2018. In its report, "India RFID Market Forecast & Opportunities, 2018" it says,  in India, the usage of RFID technology is increasing prominently across various industries such as retail, healthcare, automotive, supply chain and public Transit which is opening up opportunities for the industry players.

Mahindra and Mahindra is one of the first few companies to implement the usage of RFID in India. They are using RFID for warehousing, vendor tracking, and vehicle tracking. RFID technology has also forayed in the India dairy sector. Chitale, one of the prominent dairy producers in Pune has deployed the RFID chips in cattle management for the collection of feeding data, breeding data and also to keep a record of the animals.

Union home ministry has decided to use RFID technology for recruiting thousands of men and women in the ranks of constables, sub-inspectors and inspectors in the five large central armed police forces - CRPF, BSF, CISF, ITBP and SSB in the coming years. The ministry of transport and highways is already using RFID technology for tolling and ticketing.

Comments

 

Other News

Charming tales of the Snakeman’s early years

Snakes, Drugs and Rock ’N’ Roll: My Early Years By Romulus Whitaker with Janaki Lenin HarperCollins, 400 pages, Rs 699

Gripping graphic narrative helps make sense of pandemics past

The Moral Contagion By Julia Hauser and Sarnath Banerjee HarperCollins, 140 pages, Rs 699 The world has lar

“Globally, there is unprecedented positivity for India”

Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourth groundbreaking ceremony of UP Global Investors Summit held in February 2023. The projects relate to sectors

World’s biggest bird-a-thon begins in India

During the four days from Feb 16, more than a thousand birdwatchers throughout India are coming together with the goal of documenting as many birds as possible across the country’s diverse locations. Over one lakh birdwatchers globally participate in the annual Great Backyard Bird Coun

Comments sought on Draft Guidelines for Prevention of Misleading Advt in Coaching Sector

The Central Consumer Protection Authority has sought public comments on the ‘Draft Guidelines for Prevention of Misleading Advertisement in Coaching Sector’. The draft guidelines are placed on the website of the Department of Consumer Affairs and are accessible through the link:

Electoral bond scheme unconstitutional: Supreme Court

In a landmark judgment, the Supreme Court of India has held the anonymous, unregulated and unlimited funding through electoral bonds and companies as unconstitutional. The five-judge Constitution Bench of the Supreme Court comprising chief justice DY Chandrachud and justices Sanjiv Khanna, B

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter