Bureaucratic and Technical Hurdles Constraining the Growth of the Indian Smart Cards Market

Noida, India (PressExposure) February 01, 2012 -- A new study published by IMARC Group, one of the world's leading research and advisory firms, finds that despite strong growth in recent years, the Indian smart cards market is being constrained by several bureaucratic and technical delays. Findings from the report suggested that a number of government projects such as the UID, E-passports, EPFO, etc have been delayed or cancelled due to problems like lack of funds, technical issues, legal wrangling, etc

The report found that the Unique Identification Authority of India (UIDAI) had initially decided to issue Aadhar numbers via smart cards but later cancelled its plans as it was constrained by the policy decision of enrolling only 200 Million people, after which the National Population Register (NPR), being implemented by the Registrar General of India alongside the Census 2011 exercise, would take over. Similar to the UID project, the Employees Provident Fund Organization (EPFO) project has also been plagued by several bureaucratic and technical delays. This project was supposed to start from 2001, when the (EPFO) tied up with Siemens Information System (SISL) to offer smart cards to all its subscribers. Seven years on, SISL was fired by the EPFO Central Board of Trustees on Jan 2008 for failing to implement the project. A few days later the National Informatics Centre was asked to take over the project. Recent discussions with EPFO employees suggested that the implementation of this project was still a very long way to go. Similar to the UID and EPFO projects, The Indian E-passport project has also witnessed several delays in its implementation. E-passports were initially planned to be issued to the general population in May 2009 but have so far failed to meet deadlines on several occasions.

IMARC's new report entitled "Indian Smart Cards Industry Market Report & Forecast 2011-2016" gives a deep insight into the Indian smart cards market. The research study serves as an analytical as well as a statistical tool to understand the market trends, structure, drivers, restraints and the outlook of the market till 2016. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into Indian smart cards market in some form or the other.

What We Have Achieved in this Report

• Comprehensive situation analysis of the Indian smart cards market and its dynamics.

• Identified all application segments/sub-segments and quantified their current and future market potential.

• Provided a robust long range value and volume forecast for all segments and sub-segments.

• Provided an understanding of key drivers and restraints and their impact on current and future market performance.

Smart Card Application Segments and Sub-segments Covered in this Report

• Telecommunication

• National Population Registry Project

• Financial Services

• Credit & Debit Cards

• Financial Inclusion

• PAN Cards

• Travel Identity

• Driving License

• Registration certificates

• Passports

• Automatic Fare Collection

• Metro Rail Projects

• Bus projects

• Indian Railways

• Healthcare

• Rashtriya Swasthya Bima Yojna

• Ex-servicemen Contributory Health Scheme

• Public Distribution System

Focus of the Analysis for Each Segment & Sub-segment

• Segment/Sub-segment Overview

• Smart Card Implementation Scenario

• Historical and Future Smart Card Volume Demand

• Historical and Future Smart Card Value Demand

Focus of the Analysis for Each Segment & Sub-segment

• Segment/Sub-segment Overview

• Smart Card Implementation Scenario

• Historical and Future Smart Card Volume Demand

• Historical and Future Smart Card Value Demand

Methodology

Initial Exploration of the Indian Smart Cards Market: Conducted secondary and primary market research to complement/enhance our current knowledge and define key market segments and sub-segments.

Qualitative Market Research: Interviewed various industry stakeholders to gain a comprehensive insight on all major segments and sub segments. This included understanding key metrics and events such as smart card requirements, current and future demand, implementation timelines, success and risk factors, costs, etc.

Quantifying the Current &Future Market Potential: Consolidated our results to quantify the value and volume potential of smart cards in each segment and sub-segment.

Validating Our Results: Collaborated with industry stakeholders to validate our results and findings.

Information Sources

Information has been sourced from both primary and secondary sources:

• Primary sources include industry surveys and face to face/telephone interviews with industry experts.

• Secondary sources include proprietary databases and search engines. These sources include company websites and reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.

To buy the complete report or to get a free sample, please contact:

IMARC Group Asia

Email: apac@imarcgroup.com

Phone: +91-120-425-6531

IMARC Group North America

Email: america@imarcgroup.com

Phone: +1-631-791-1145

To know more please visit: http://www.imarcgroup.com/

About IMARC Group

Press Release Source: http://PressExposure.com/PR/IMARC_Group.html

Press Release Submitted On: February 01, 2012 at 3:45 am
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