In March 1979, Michel Hugon from Bull CP8 was the first to design and develop a microprocessor-based card combining a processor and local memory. Roland Moreno patented the memory card in 1974.īy 1977, three commercial manufacturers, Bull CP8, SGS Thomson, and Schlumberger, started developing smart card products. The Mordor Intelligence market study, excluding readers and services, sizes the smart card market at USD 8.14B in 2019 and 11.50B by 2025. Major smart card microprocessor vendors are Infineon Technologies, NXP Semiconductors, Samsung, and STMicroelectronics.Gemalto (now part of THALES), Giesecke and Devrient, and IDEMIA (formerly Oberthur Technologies and Morpho) are prominent players in these markets. The Asia Pacific is forecast to take the largest share of the market, as reported by the same study. In addition, consulting, support, and maintenance services are also crucial. The related market for software comprises management system software and databases.
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