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.