Eurosmart announced the 2017 figures for worldwide secure element shipments and the 2018 forecasts. The overall growth trend is confirmed in 2017 (+3.6%) while the 2018 forecasts exceed 10 billion units.
The recent launch of the world’s first EMV biometric dual interface payment card for both chip and contactless payments by the Bank of Cyprus illustrates how issuers around the world are preparing to seize the opportunities offered by biometric-enabled payment cards.
Data reported by SIMalliance shows that the collective SIM shipments of its members in 2017, which represented approximately 88% of the global SIM market, equalled 4.9 billion units. SIMalliance confirms that over the same period, the estimated total available global market for SIM cards has grown by 2.75%, with units rising from 5.45 billion to 5.6 billion.
Eurosmart announced its annual forecast of worldwide secure element shipments. Stefane Mouille, President of Eurosmart, stated: “The secure element market continues to increase in volume to reach exceptional figures worldwide, passing in 2018 the threshold of 10 billion shipments. We forecast a steady growth for 2017 (+3.3%) and the market will keep growing in 2018. These results confirm that our industry remains an area for business growth in Europe and worldwide”.
Gemalto revealed on 31st October 2017 that 90% of consumers lack confidence in the security of Internet of Things (IoT) devices. This comes as more than two-thirds of consumers and almost 80% of organizations support governments getting involved in setting IoT security.
"It's clear that both consumers and businesses have serious concerns around IoT security and little confidence that IoT service providers and device manufacturers will be able to protect IoT devices and more importantly the integrity of the data created, stored and transmitted by these devices," said Jason Hart, CTO, Data Protection at Gemalto. "With legislation like GDPR showing that governments are beginning to recognize the threats and long-lasting damage cyber-attacks can have on everyday lives, they now need to step up when it comes to IoT security. Until there is confidence in IoT amongst businesses and consumers, it won't see mainstream adoption."
The Draft Cyber Act Regulation is a matter of European industrial policy and economic growth as well as being of importance for European digital sovereignty and societal choices.
The level of resistance to potential attacks on European encryption solutions will be key to the technical transposition of articles 7 and 8 of the European Union Charter of Fundamental Rights, which ensure respect for private and family life and the protection of personal data. This puts the Cyber Act at the heart of the digital democracy.