Research and Markets has added TechNavio’s report “Smart Card Market in China 2011-2015″ to its catalog, noting that this market is predicted to see a compound annual growth rate of over 14% from 2011 to 2015.

An increased rate of smart card deployment is one of the key drivers behind this growth. This market is also experiencing an increase in emerging applications for smart cards. One detractor to the growth of this market could be the costs involved with upgrading compatible POS terminals.

The report also discusses key players, trends and major smart card projects in China.