Contactless transportation ticketing technology grew 15% in 2007

The worldwide market for contactless technology in transportation ticketing and contactless payments grew more than 15% in 2007. The market now stands at a value of more than $200 mln but will reach more than $820 mln by 2013. ABI Research now believes there will be longer than anticipated delays to NFC deployments: the previous forecasts for total NFC device shipments stood at 1.1 mln for 2007, and 9.81 mln for 2008. The revised forecast stands at 0.65 mln and 6.52 mln respectively.


Published on: January 15, 2008 Department: Wireless data

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