CANNES, FRANCE – Digital security providers' association Eurosmart has predicted that government and healthcare secure element shipments will rise 11% year on year to over 500 million in 2017.The growth will be driven by contactless trends and demand for ePassport and eID solutions, Didier Serodon, Eurosmart president announced at Trustech in Cannes.SÉrodon: "Public e-services are gaining traction. Quick and easy border crossings, for instance, rank highly with travelers. Smart Security Industry technologies, designed to safely manage digital identities while protecting the right to privacy, meet both governments' and citizens' requirements. The majority of ePassport and eID projects worldwide rely on products of our members".The government and healthcare sector will see 450 million shipments in 2016, a growth of 10% on the previous year.The association defines a secure element as a certified microcontroller and embedded software that comes in multiple form factors : smart card, USB token, microSD.Serodon said that an increasingly rapid penertration of contactless into government and healthcare will drive card replacement.Overall, the association is projecting strong growth for the entire secure element industry.An overall growth trend has continued in 2016 and is also confirmed by the 2017 forecasts. Eurosmart expects the number of secure elements shipped in 2017 to exceed 10 billion.The steady growth in the payment sector, reaching about 3 billion shipments, a growth of 4% by the end of 2016, is mostly driven by the adoption of contactless payment in an increasing number of regional markets.Eurosmart estimates the growth in contactless payment cards at 7% in 2016. The second growth driver is, and continues to be, the increasing migration from magnetic stripe cards to EMV cards in the USA, as well as in India, China, South East Asia and Africa.The third growth driver in the payment sector is mobile payments, as smartphones with embedded secure elements are increasingly used for mobile payment transactions. Further growth will also be due to EU regulations for digital and mobile payments, such as the upcoming Regulatory Technical Standards for strong customer authentication under Payment Services Directive 2 (PSD2).SÉrodon is convinced that security in digital and mobile payment transactions is crucial for the long-term success of these applications: "Trust is essential when it comes to payments, and security is the foundation for trust".
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