According to a new technical market research report, the global market for smart cards was valued at $4.7 billion in 2011, and is projected to reach nearly $5.1 billion in 2012 and nearly $7.3 billion in 2017, a five-year compound annual growth rate (CAGR) of 7.4%.
The market for smart cards can be broken down into three categories by type: contact, contactless, and dual interface.
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