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Smart Badge Market Trends

  • Report ID: GMI8725
  • Published Date: Mar 2024
  • Report Format: PDF

Smart Badge Market Trends

Smart badges are increasingly being integrated with the Internet of Things (IoT) and other smart devices to enhance functionality. This includes using smart badges for not just access control but also for interacting with smart office systems, like lighting and HVAC, based on the user's location and preferences. There is a growing trend toward incorporating biometric features, such as fingerprint recognition or facial recognition, into smart badges. This addition significantly enhances security by ensuring that the badge is being used by the authorized individual, making it more difficult to forge access or steal credentials.
 

There has been an increasing demand for customizable and personalized smart badges that can perform multiple functions tailored to the specific needs of an organization or individual. This includes custom access levels, personalized information display, and integrated personal health monitoring in some cases. A growing emphasis on sustainability has led to efforts towards reducing electronic waste, promoting recyclable materials and energy-efficient designs in badge production.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of smart badges reached USD 22 billion in 2023 and is set to witness 10.5% CAGR from 2024 to 2032, owing to the growing demand for wearable access control devices worldwide.

The smart badges equipped with a display segment is expected to register over 10% CAGR from 2024-2032, due to offering a more interactive and engaging user experience compared to traditional badges.

Asia Pacific market held over 30% of the revenue share in 2023, attributed to rapid economic growth and urbanization, leading to increased investments in the region.

Assa Abloy Ab (Hid Global Corporation), Thales Group, Giesecke+Devrient Gmbh, Identiv, Inc., CardLogix Corporation, Dorma+ Kaba Holdings AG, and Zebra Technologies Corp., are some of the major smart badge companies worldwide.

Smart Badge Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 277
  • Countries covered: 22
  • Pages: 250
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