New Developments in Mobile Communication and Low Labor Cost Helps Key Silicon and...

New Developments in Mobile Communication and Low Labor Cost Helps Key Silicon and Smart Card Vendors to Stay Afloat in Asian Market

DUBLIN, Ireland--(Business Wire)--Research and Markets
(http://www.researchandmarkets.com/reports/c76334) has announced the
addition of "Profiles of Local Companies in the Asia Pacific Smart
Card Value Chain" to their offering.

This Frost & Sullivan research service titled Profiles of Local
Companies in the Asia Pacific Smart Card Value Chain provides a
snapshot of key participants based out of and originating from the
Asia Pacific region. This research service looks at four main segments
of the value chain: silicon vendors, smart card manufacturers, system
integrators, and reader/terminal vendors. The companies' recent
developments, new technologies, notable projects, SWOT analysis, and
brief financial highlights are also included.

Emerging Security-related Applications and Growth in Banking
Segment Profit Local Smart Card Manufacturers

Rapidly rising security-related applications are driving the Asian
smart cards market and nurturing a strong pool of local vendors
operating in various segments of the smart card value chain, from
manufacturers to system integrators. Local smart card manufacturers
have the advantage of being well established with an excellent
reputation in the local market, adding credibility to their new
products. "These domestic companies claim to have strong ties with the
local government, which further strengthens their position." says the
analyst. With the local governments' support and escalating demand for
security-related applications like government and banking, smart card
vendors and system integrators are likely to notch up higher profits
in the next few years.

The growth in banking segment spurs demand for high-end security
features, enhancing the development of smart card manufacturers. These
companies provide a number of software solutions for financial,
healthcare, and government applications to name a few, accelerating
market progress. With the smart card market witnessing sustained
expansion in places such as Malaysia, China, India, and Thailand,
manufacturers are hoping to explore new horizons and exploit the
booming banking market in emerging Asian countries. In addition,
growth of the Europay, MasterCard, Visa (EMV) market in Asia Pacific
widens the scope of smart card services in the banking segment and
helps manufacturers garner significant revenues.

New Developments in Mobile Communication and Low Labor Cost Helps
Key Silicon and Smart Card Vendors to Stay Afloat in Asian Market

With the increasing adoption of 3G usage in the mobile
communication market, silicon vendors and smart card manufacturers are
developing a wider range of products for SIM and USIM cards.
"Increasing mobile applications in Asia Pacific prompt vendors in the
telecom application to explore ways of incorporating Near Field
Communication (NFC) technology into the SIM or mobile devices,
converting them into contactless devices," notes the analyst. This is
a much anticipated development both in Asia and abroad, as contactless
transactions using NFC devices are expected to take off in the next
few years.

Apart from technological improvements, smart card and silicon
vendors are capitalizing also because of relatively low labor and
material cost in the Asia Pacific region. However, major local
participants are expected to enhance product quality and R&D
facilities further, in order to compete effectively with top global
vendors in the smart card market.

For more information, visit
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Research and Markets
Laura Wood
Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com

Copyright Business Wire 2007