The global smart badge market size is expected to grow by an average of 9% annually from 2020 to 2025 from $21.1 billion in 2020 to $33.8 billion by 2025. The most important factor driving the growth of this market is the growing demand for smart. Badges for government and healthcare sector.
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The smart badge market is increasingly being adopted as an optional credential to securely control a user’s physical access. This badge is used to authenticate a person’s identity and to physically allow cardholders to a facility. Smart badges are often used by government agencies to comply with government regulations such as Defense Federal Acquisition Regulation System (DFARS) and International Traffic in Arms Regulations (IAR).
Government ID badges and cards adhere to high security standards to protect against fraud, counterfeiting and alteration. For example, the U.S. Environmental Protection Agency (EPA) (US) issues PIV (personal identification) badges to all federal and certain non-federal employees. The use of these smart badge markets is required in accordance with the US Government’s Homeland Security Presidential Guidelines -12.
Smart Badge Market Segmentations
By Communication
• Contact Badges
• Contactless Badges
By Type
• Smart Badges with Display
• Smart Badges without Display
By Application
• Government and Healthcare
• Corporate
• Event and Entertainment
• Retail and Hospitality
• Others
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