For payment, the migration to EMV cards -cards equipped with a chip- drove growth in 2013: “In order to make digital transactions much more secure, we have been pushing hard for cards with magnetic stripes to be replaced by the much safer chip cards”, stated Rastad. “Recent breaches of cyber security all over the world, including the attack on the third-largest U.S. retailer, which affected 40 million payment cards, clearly demonstrate the need for stronger payment security. The latest ‚Third Report on Card Fraud‘ from February 2014 by the European Central Bank confirms a correlation between the use of a chip and the decline of fraud. Another key driver for EMV migration is the convenience brought by speedy contactless transactions as evident by the 2014 forecast according to which dual interface cards amounts to over 40% of all cards shipped in 2014.

„Another growth driver is the increasing digitalization of government services and the corresponding legislation, e.g. electronic passports, electronic vehicle registration card and electronic driving licences, electronic health cards and electronic ID cards. The nascent needs for these e-credentials in areas with a fast-growing population – typically Asia – will ensure a steady growth in the coming years”.

“The Smart Security Industry still regards the security and protection of data and privacy as its foremost goal and offers products, solutions and services for secure electronic authentication and signature”, said the Eurosmart Chairman. “Eurosmart will keep urging European decision-makers to anchor the protection of privacy in the European regulation. Only secure and convenient identification and authentication in mobile telecommunications, payment, identity, healthcare or transport will foster citizens’ trust in the digital world.”

Worldwide Smart Secure Device shipment – 2013 shipments and 2014 forecasts

(Million of units)

* Source SIMalliance
**Others include Transport, PayTV and physical and logical access cards

Source: Eurosmart, April 2014

Worldwide Smart Secure Contactless market figures – 2013 shipments and 2014 forecasts

(Million of units)

*Others include Transport, PayTV and physical and logical access cards

Source: Eurosmart, April 2014

For more tables like the following

• Evolution of Smart Secure Device shipments from 2010 to 2014
• Worldwide Smart Secure Device shipment – Distribution of 2014 forecasts per segment of activity
  

please visit www.eurosmart.com