Acuity report forecasts national electronic ID program to surpass $54B from 2016 to 2021
Acuity Market Intelligence released a new research report titled “The Global National eID Industry Report: 2017 Edition“, which forecasts that the global market for national electronic ID (eID) programs will exceed $54 billion in revenues between 2016 to 2021.
The report finds that Asia will account for more than 60 percent of all cards issued as the number of countries issuing national eID cards increases from 124 to 136 during the forecast period.
Acuity’s report projects that during the forecast period, 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.
“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,” Maxine Most, Acuity Market intelligence principal, said.
“The market will likely stabilize by 2020. 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.”
The report includes more than 200 charts and tables and provides comprehensive, detailed regional, and global analysis and unit and revenue forecasts for all national eID cards programs including details by country.
Previously reported, Acuity Market Intelligence emphasized that ongoing concerns about national security are driving border authorities to continue the adoption of biometric and digital identification based automation, including the deployment of airport eGates and kiosks.