Digital Security Industry To Pass The 10 Billion Mark In 2018 For Worldwide Shipments Of Secure Elements

Our secure element technology is continuously evolving and thus embracing new form factors, markets and usages. Major device manufacturers rely on Eurosmart members’ technology to secure transactions and identification methods, such as biometrics storage and matching on secure element. Certification is also evolving and contributes to keep our technology not only convenient but secure for organizations and individuals alike.

Biometrics is being incorporated into our everyday lives and consumers embrace it as an attractive method of identification. “Apple created momentum making biometrics just “cool”. Users favour biometrics over PIN and password for commercial applications since it provides a seamless and secure experience. Eurosmart members have been leading this biometrics wave for the last 20 years in a wide range of applications such as payment and banking, identification, travel documents and border management or access management. Currently, we are at the forefront providing both biometric technologies and solutions designed to protect and ensure privacy of biometric data. Eurosmart has drawn on this expertise creating the Biometrics committee”, said Mouille.

“Overall, combining quick and easy access to transactions with robust security is of great importance for our industry”, continued Mouille. The call for combined security and convenience continues to spur the growth of Mobile & IOT embedded secure products, reaching more than 600 million shipments in 2018 (+14%). This double-digit growth is especially driven by the IoT deployment in many verticals, such as automotive, smart grids, smart cities or Industry 4.0, where cybersecurity is imperative to protect both private and public data. Another growth driver is the sustained demand for secure elements designed to ensure the cybersecurity of critical infrastructures as per the NIS Directive in Europe and the US Cyber act in the US. Furthermore, consumer wearables with embedded secure elements are increasingly being used in sensitive applications such as contactless payments or connectivity.

Whereas 4G migration continues across most regions, the Digital Security Industry forecasts confirm the upward trend for 2017 and 2018 in the telecom sector. “Whilst mature markets reach saturation, local regulation for user registration in several countries and strong subscriber growth in emerging markets contribute to this positive performance”, explained Mouille.

Contactless technology improves speed, convenience and security in payment transactions. In 2017, the contactless solutions have gained momentum in many established markets (+7%). They have stimulated the outstanding growth of the financial services sector, for which Eurosmart forecasts a growth of 5% in 2018, with an estimate of around 3.1 billion units shipped next year. “While the credit card market is still growing in China, EMV migration in India, supported by the Reserve Bank of India, will boost demand in 2018. In the US, we expect that the process of replacing the unsecure magnetic stripe cards with EMV cards will carry on after the first wave of migration”, clarified Mouille.

A double-digit yearly increase forecasted for 2017 (+11%) will confirm the strong performance of the government and healthcare markets, accounting for 510 million secure elements to be shipped this year. “Even though ePassport is considered as a mature segment in established markets, the continued adoption of eID projects in emerging regions, including Africa and Asia, will be one the main growth drivers. The roll out of national eID cards integrating eTravel functionalities across several European countries, and an even wider range of online public services requiring digital identities management, have an impact on the market. The Digital Security Industry also reports sustained demand for technologies that enable secured borders while reducing waiting times and improving travel experience”, Mouille pointed out.

“In a nutshell, Eurosmart members, composed of all major European digital security companies, are significant and competitive players on the global scene. We are working on new areas and trends to extend our market coverage, such as Mobile Passport, Mobile Driving License, and other forms of digital security for the Internet of Things. In this context, we strongly believe that setting up an EU cybersecurity certification framework is the right way forward in order to support the growth of our industry”, concluded Mouille.

eurosmart.com

Neueste Artikel

Städte und Gemeinden sehen auch nach den Ergebnissen der Neuauflage des Zukunftsradar Digitale Kommune im Jahr 2019 einen hohen Nutzen durch die Digitalisierung. Gleichzeitig werden auch in diesem…

Die Startups in Deutschland werden skeptischer. Aktuell sagen nur noch 39 Prozent der Gründer, dass sich in den vergangenen zwei Jahren die Lage für ihr eigenes Startup verbessert hat….

Seit Mai 2019 stellt das BSI ein zweistufiges Schulungskonzept zum Erwerb eines neuen Nachweises zum IT-Grundschutz-Praktiker und IT-Grundschutz-Berater zur Verfügung. Auf der BSI-Webseite steht nun der Antrag zur Zertifizierung…