Smart Badge Market will Gain Momentum during 2020-2025

Posted by Vikas Gadiya on October 3rd, 2022

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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