February 5 2016, 11.22 AM IST || Pocket News Alert
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First Smart Card, Security Systems, Kiosk & Vending Trade Show
With India’s population over 1.2 billion and the growing penetration of mobile phones, the smart card market is expected to see phenomenal growth. And security solutions systems, both industrial and home, are witnessing upward trend, thanks to technologies which have made them not only ‘Smart’ but also ‘affordable’.
Globally, the smart card market stood at 6.8 Billion Units in 2012 and is expected to reach 11.1 Billion in 2017. The Indian Smart Card Market is expected to reach around INR 52.76 Billion by the end of 2015, an increase of about INR 21.73 Billion from the revenues in 2011.Thus, the Smart Card Market is anticipated to grow at a CAGR of around 12.31% during the period of 2012 - 2015. During the coming years, smart cards are expected to percolate more into a number of other sectors such as credit / debit cards, financial inclusion, public distribution, healthcare, identity management, transportation, etc.
To highlight the growing trend, the first Smart Card, Security Systems, Kiosk & Vending (SSKV) trade show will be held in Bengaluru at the Nimhans Convention Centre from February 8 to 10. The event will showcase technology trends in smart cards, RFID, CCTV, home security systems etc. Organised by Infinite Expositions, the trade show is going to highlight the latest of security systems. The show will lay emphasis on the importance of security in this highly digitised world. It will focus on biometrics, e-payments, finger prints, consumer ID, perimeter security, fire alarm, home security solutions and more.
