Smart Cards in the Automatic Fare Collection System to Grow at 30% in the Next Five Years.

The Modernization of the transportation system in India is expected to create a huge demand of smart cards across the country.

A study undertaken by IMARC Group entitled “Indian Smart Cards Market Report & Forecast 2011-2016”

finds that the demand of smart cards in the automatic fare collection system is expected to grow

exponentially in the next few years. Smart cards enjoy a considerable advantage over conventional

tickets/tokens in various modes of transport. Passengers using these cards don’t have to spend a

considerable amount of time standing in long queues to buy tickets/ tokens. Moreover, smart cards also

bring special offers to customers in the form of discounts, for instance, users of smart cards in the Delhi

Metro get a 10% discount on every journey.

Findings from the report suggests that the large scale use of smart cards in the transportation system

began with the Delhi Metro with more than 60% of its total passengers using these cards in 2010. Apart

from the Delhi metro, the report expects that the demand of smart cards to be driven by a number of other

existing and new metro projects such as Kolkata metro, Bangalore Metro, Mumbai Metro, Hyderabad

Metro, Chennai Metro, etc. In the Bus transportation system, the report found that smart cards were

already available in the BEST and NMMT bus services in Mumbai and will soon be launched across other

major cities in India. The report also expects the Indian railways to create a huge opportunity for these

cards in the coming years. Smart cards were first launched in the central and western railways in 2007,

but are now continuously being extended to all metro and suburban sections of the country. Projections

from the report which were based on extensive primary and secondary research expects the total demand

of smart cards in the automatic fare collection system to grow at a CAGR of 30% during 2011-2016.

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 AsiaEmail: apac@imarcgroup.comPhone: +91-120-425-6531

IMARC Group North America Email:  america@imarcgroup.comPhone: +1-631-791-1145

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

Keywords

Smart card market, Indian smart card market, transportation, credit card, telecommunication, financial inclusion, public distribution