The Smart Badge Market is expected to grow at a significant CAGR during the forecast period (2020-2027).

The factors driving growth of the Smart Badge Market includes increasing demand for smart badges with contactless interfaces, rising popularity of wearable access control devices, Government regulations mandating the use of smart badges and improvements in the living standards. Smart badges are easy to operate, authenticates identity of the person, provides access to multiple features, lightweight, and is increasingly used in corporate, events & entertainment, and retail industries, are some of the factors pushing the Smart Badge Market size. In addition, the technological advancements in smart badges, rising focus of companies on securing IT applications such as digital signature, encryption, and log-on to network, and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, rise in the launch of innovative products, strategic partnerships and collaborations between key industry players and increasing population, are further contributing towards the market growth.

However, growth of the Smart Badge Market is hindered due to increasing proliferation of digital IDs and inadequate knowledge amongst consumers.

The major players operating in the market are Watchdata Technologies Ltd, Identita Technologies Ltd, Global Net Solutions Inc., Thales Group, ASSA ABLOY Ltd, Brady Worldwide, Inc, AIOI-SYSTEMS CO., LTD, IDEMIA Group, Evolis Inc., and Identiv Inc, among others.

Based on Communication, the Contact Badges segment is predicted to grow at a remarkable CAGR during the forecast period

Contact badges minimizes the conventional ticketing, and provides secured access to physical areas, are propelling growth of the segment.

Based on Application, the Government and Healthcare segment is projected to expand at a robust CAGR over the forecast period

Growing adoption of small badge technologies by Government agencies worldwide to improve customer interactions, and authenticating identity of the person, are some of the factors pushing growth of the segment.

Based on Region, the North America region is expected to grow at the largest market share during the forecast period

As per the Smart Badge Market Trends, Government regulations mandating the use of smart badges, digitalization of financial systems, technological innovations in smart badges, rising population growth rates and high per capita incomes, are some of the additional factors supplementing the market growth in the North American region.

Market Segmentation

Segmentation by Communication

• Contact Badges

• Contactless Badges

Segmentation by Type

• Smart Badges with Display

• Smart Badges without Display

Segmentation by Application

• Government and Healthcare

• Corporate

• Event and Entertainment

• Retail and Hospitality

• Others

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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