Market Analysis and Insights: Global Electronic Identification (eID) Market
An electronic identification ("eID") is a digital solution for proof of identity of citizens or organizations, for example in view to access benefits or services provided by government authorities, banks or other companies, for mobile payments, etc. Apart from online authentication and login, many electronic identity services also give users the option to sign electronic documents with a digital signature.
One form of eID is an electronic identification card (eIC), which is a physical identity card that can be used for online and offline personal identification or authentication. The eIC is a smartcardin ID-1 format of a regular bank card, with identity information printed on the surface (such as personal details and a photograph) and in an embedded RFID microchip, similar to that in biometric passports. The chip stores the information printed on the card (such as the holder's name and date of birth) and the holder's biometric photo. It may also store the holder's fingerprints. The card may be used for online authentication, such as for age verification or for e-government applications. An electronic signature, provided by a private company, may also be stored on the chip.
The global Electronic Identification (eID) market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Radio Frequency Card accounting for % of the Electronic Identification (eID) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Transportation segment is altered to an % CAGR throughout this forecast period.
China Electronic Identification (eID) market size is valued at US$ million in 2021, while the North America and Europe Electronic Identification (eID) are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Electronic Identification (eID) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Electronic Identification (eID) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Electronic Identification (eID) market in terms of revenue.
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Global Electronic Identification (eID) Scope and Market Size
Electronic Identification (eID) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Electronic Identification (eID) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Radio Frequency Card
IC Card
Other
Segment by Application
Transportation
Contactless Bank Cards
Identification
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Gemalto
Bundesdruckerei
Goznak
Giesecke & Devrient
Iris Corporation Berhad
Semlex Group
Veridos
Morpho
NXP
Infineon Technologies
HID Global
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