Attractive Opportunity:
Smart badge market
are adopted increasingly as the credential of choice for securely
controlling physical access of the users. These badges are used to
authenticate the identity of a person, and physically admit the
cardholder to a facility. Smart badges are frequently used by government
agencies to comply with government regulations, such as the Defense
Federal Acquisition Regulation System (DFARS) and the International
Traffic in Arms Regulations (ITAR).
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Key Findings of the Global Digital Pathology Market:
The Smart badge market size is estimated to grow from USD 21.1 billion in 2020 to USD 33.8 billion by 2025, at a CAGR of 9.9% between 2020 and 2025.
Rising market is required under Homeland Security Presidential Directive-12 of the Government of the US.
The contactless segment of the smart badge market is projected to
grow at a higher CAGR than the contact segment during the forecast
period.
The increased demand for contactless smart badges as
they enable quick transactions. These badges eliminate the requirement
of waiting for terminals to communicate. They allow fast, easy, and
secured access to physical and logical areas.
The North America
is expected to witness rapid growth during the forecast period owing to
the increasing adoption of smart cards in healthcare and event and
entertainment verticals. Moreover, Asia Pacific (APAC) to hold a major
share of the smart badge market during the forecast period.
What are the Driving Factors of the Smart Badge Market?
Despite all the precautions and personal hygiene procedures that are
taken care of, the number of infectious and chronic diseases is
increasing worldwide. In the prevention of chronic diseases, nutrition
and diet are the most important factors, while the nutrient content of
the diet is decreasing, which is a major factor in the increasing
prevalence of chronic diseases worldwide, especially in developing
countries, including Southeast Asian countries and Western European
countries.
Government & Healthcare Is The Most
Attractive Segment That Is Gaining Attention In The Smart Badge Industry
Drive The Market Growth
The growth of this segment of
the market can be attributed to the adoption of smart badges for access
control and critical data storage, as well as to ensure national
security. The governments of developed and developing countries rely on
the sprawling patchwork of systems to identify and manage people using
smart cards.
Global Digital Pathology Market Segmentation:
Various secondary sources have been referred to for identifying and
collecting information important for this study. Secondary sources
include corporate filings (such as annual reports, press releases,
investor presentations, and financial statements); trade, business, and
professional associations; white papers, smart badge solution-based
marketing-related journals, certified publications, and articles from
recognized authors; gold and silver standard websites; directories; and
databases.
Secondary data has been collected and analysed to
arrive at the overall market size, which has further been validated
through primary research. The secondary data has been collected and
analysed to arrive at the global smart badge market size, which has also
been validated by primary research.
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Smart Badge Market Top Companies Profiles:
Extensive qualitative and quantitative analyses have been performed
during the complete market engineering process to list the key
information/insights throughout the report. Primary data has been
collected through questionnaires, e-mails, and telephonic interviews.
Leading players in this market are Thales Group (Gemalto) (France),
ASSA ABLOY AB (HID Global Corporation) (Sweden), Giesecke+Devrient GmbH
(Germany), Brady Worldwide, Inc. (US), IDEMIA (France), Evolis (France),
Identiv Inc. (US), BEAM (US), AIOI-SYSTEMS CO., LTD. (DISPLAY IT CARD)
(Japan), Watchdata (Singapore), and Identita (Canada). The other players
operating in the market include Blendology (UK), Squarofumi (China),
KONA I Co. Ltd. (South Korea), Proxfinity Inc. (US), Klik (Canada),
Global Net Solutions (GNS) (US), CardLogix Corporation (US), MpicoSys
Solutions B.V. (Netherlands), AbeeWay (France), and HierStar Ltd.
(China)
Regional Insight by MarketsandmarketsTM Research:
APAC accounted for the largest share of the smart badges market with
displays in 2019, owing to the presence of a large consumer base of
these badges in the region. A major portion of the demand for smart
badges with displays is from China, followed by Japan and South Korea.
However, the market in North America is projected to grow at the highest
CAGR during the forecast period. North America has always been a
forerunner in adopting new and innovative technologies. Countries of
North America are developed economies. As such, the adoption rate of
information and communication and smart wearable technologies is the
highest in the region.
Regions & Countries Covered:
North America - (U.S., Canada, Mexico)
Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
Latin America - (Brazil, Argentina, Rest Of Latin America)
The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)
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