The number of contactless smart cards shipped annually will break the 1 billion mark by 2014, according to IMS Research.

"The market for contactless is set to nearly double between 2008 and 2014 as the three largest end-user sectors — government and health-care identification, transportation and payment and banking cards — all gain traction," Don Tait, an analyst at the British research company, said in a press release last week.

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