Drivers Eurosmart
27 Nov 2018 Eurosmart confirms its forecasts on trends and growth drivers in all main market sectors
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Trustech | Cannes, 27th November 2019
Eurosmart, the Voice of the Digital Security Industry, announced the 2018 figures for worldwide secure element shipments and the 2019 forecasts. The overall growth trend is confirmed in 2018 (+2,2 %) while the 2019 forecasts exceed 10 billion units (10, 360).
Financial services
In this sector, the overall growth of payment cards is estimated to touch + 3,2 % in 2019, which means 100 million new cards compared with those in 2018.
This will be driven by regional mandates for chip-based payment cards and firstly by the demand for contactless cards. This segment is seeing a strong momentum. 2018 is the first year where contactless shipments cards surpassed the contact part with a total share of + 51,4%.
Supported by additional countrywide mandates, the growth of contactless segment is expected to nearly reach double-digit in 2019.
Telecom
In an overall stable telecom market reaching 5,6 billion units in 2018, we see a continuing growth for the M2M market, driven by a push for connectivity in the automotive sector and other industrial segments.
In the consumer side, we also forecast an accelerated adoption of embedded SIM technology following the launch made on top selling products by some leading OEM manufacturers. This adoption opens new opportunities for additional services.
Despite the stability, the telecom market has seen a significant migration to the 4G/LTE technology thus ensuring the smooth transition to the upcoming 5G network technology.
Device Manufacturers
The embedded secure element is foreseen to register a double-digit growth in 2018 due to an increased demand for wearables and new generation smartphones. This is expected to continue in 2019 (+10%).
Lastly, we are expecting the share of the NFC and SE to reach 8% of the total secure element forecast in 2019.
Drivers Smartphone
Government – Healthcare
Drivers Eurosmart Head
It is also noteworthy that in the current year, emerging regions such as Africa, Middle-East and Asia are stimulating the demand as well. Wabco driver download for windows 10.
The sector pursues a steady buildout driven by new identity projects around the globe, as well as product renewals. The contactless interface continues to be the dominant choice from governments reaching 60% of share in 2018.
Drivers Eurosmart App
“There has been a steady growth, except for telecom, in each segment of the sector. In 2018, this earned an increase of +2% with a total amount exceeding the 10 billion thresholds and has proved to be mainly driven by the EMV adoption and the secure elements for device manufacturers.”- said Stéfane Mouille, President of Eurosmart.