eID programmes to generate $54bn in revenues before 2021

29/03/17

Research group Acuity Market Intelligence forecasts that the global market for National Electronic ID (eID) programs will exceed $54 billion in revenues between 2016 to 2021.

During the forecast period, AMI says Asia will account for more than 60% of all cards issued as the number of countries issuing National eID cards increases from 124 to 136.

Acuity's report -- "The Global National eID Industry Report: 2017 Edition" — projects that from 2016 to 2021, 3.2 billion chip-based National eIDs will be issued by 103 countries while 485 million National ID cards will be issued by 33 countries that integrate biometrics into non-chip based card programs.

According to Acuity Market Intelligence Principal, Maxine Most, "Just as adoption of chip-based ePassports created a global platform that has driven worldwide adoption of Automated Border Control eGates and Kiosks, growth of chip-based National eID programs is creating a foundation for national, regional, and ultimately global trusted authentication infrastructures that will drive expansion of eGovernment services and integration of commercial services like banking and payments."

"The market will likely stabilize by 2020," says Most, a biometrics and secure document market expert. "Then the longer-term evolution of National eIDs will be an evolution towards mobility. Physical credentials will be augmented, then replaced, by digital credentials stored in smartphones and other mobile devices, transforming the way identity is established, referenced, and used every day across the globe."

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