Secure Documents Market Research, Analysis & Forecasts
Society is undergoing rapid and fundamental change in how identity is defined,
valued, and used. Paper-based identity documents are
migrating to electronic credentials at an unprecedented pace. These electronic
credentials are based on a number of rapidly emerging technologies such as smart chips,
RFID, NFC, and biometrics and can take the form of smart tokens or cards, or
can be embedded in smart mobile devices. Regardless of the format or technologies,
eID’s hold the key to development of a range of on-demand citizen and consumer based applications.
The underlying identification infrastructure, once limited to localized visual and, in some cases, virtual spot checks, is being primed to facilitate global, interoperable, and transactional ecosystems. Applications from the government and commercial sectors such as healthcare, transportation, financial services, telecom, enterprise, and the Internet will rely on shared trust infrastructures that provide secure, proportionate, privacy enhancing eID services. In the near future, this application explosion will enable an unprecedented variety of secure, on-demand citizen and consumer services that enhance the user experience, increase government and commercial revenues, and reduce operational costs.
A total of 136 countries will implement National eID programs by 2021 issuing more than 646 million eIDs annually while generating more than $54 billion in revenue between 2016 to 2021 More ...
There are currently 129 countries worldwide with National eID programs producing over 600 Million ID cards a year and generating just over $7 Billion in annual revenues.
Acuity expects card volume to reach nearly 700 Million cards per year by 2020 with revenue edging up to over $9 Billion annually. More ...
There are currently 122 countries with ePassport programs which Acuity estimates are producing 124 million ePassports annually. Most ePassports are valid for 5 or 10 years and there are
now more than 675 million in circulation. Current annual revenues are in the $4.5 Billion range.
The Asia Pacific regiondisplaces Europe as Volume and Revenue Share Leader Representing 40% of Global Volume and 41% of Global Revenue. The Asia Pacific ePassport and eVisa market will reach sustainable annual revenues of $4.2 billion by the 2014 with an impressive CAGR of 47% from 2009 through 2014. Acuity projects that Asia will displace Europe as market leader.
Together, ePassport and eVisa markets will reach more than $10 billion in annual revenue by the end of 2014 with an annual CAGR of 27.41%. The ePassport market accounts for more than 73% of these total revenues in 2009 dropping to just under 67% by 2014. The ongoing development and production of a secure ePassport and eVisa infrastructures will provide sustainable market opportunities as countries stabilize existing programs, continually incorporate new document and IT security features, update and replace aging equipment, and re-issue documents and reengineer processes in five to ten year cycles. More ...