It offers the highest level of transaction security by storing a user's digital identity on a smart card. Ultimately, chip cards will evolve into computers unto themselves, capable of not only storing and processing information, but also of interfacing and interacting on their own with users and other pieces of electronic equipment, according to the report. According to the report, Europe had 76.8 percent of worldwide chip card revenues in 1997, and by 2002, Dataquest expects considerable growth to take place in the Asia Pacific and Americas. The Japanese market is expected to account for 5.7 percent of sales by 2002. Dataquest is the recognized leader in providing market Intelligence on global IT markets for semiconductors, computer systems and peripherals, document management systems, interactive information systems and networks, multimedia, business and technical software, telecommunications, and IT services.
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