Mobile Credential Reader Trends and Forecast
The future of the global mobile credential reader market looks promising with opportunities in the education, commercial, and government markets. The global mobile credential reader market is expected to grow with a CAGR of 25.3% from 2024 to 2030. The major drivers for this market are rise of cyberattacks, growing adoption of smartphones, and stringent government regulations.Mobile Credential Reader by Segment
The study includes a forecast for the global mobile credential reader by communication type, end use, and region.Mobile Credential Reader Market by Communication Type [Shipment Analysis by Value from 2018 to 2030]:
- Near Field Communication (NFC)
- Bluetooth Low Energy (BLE)
Mobile Credential Reader Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Education
- Commercial
- Government
- Others
Mobile Credential Reader Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Mobile Credential Reader Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mobile credential reader companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mobile credential reader companies profiled in this report include:- HID Global Corporation
- Suprema
- Amag Technology
- Allegion
- Identiv
- Honeywell Security Group
- STid
- Axis Communications
- Dormakaba
- TDSi
Mobile Credential Reader Market Insights
The report forecasts that near field communication (NFC) is expected to witness highest growth over the forecast period due to the product's adaptability to connect to devices that support BLE or NFC.Within this market, commercial is expected to witness highest growth over the forecast period due to rising commercialization, rise in government investment on the education sector and boosting the tourism sector across the world.
Europe is expected to witness highest growth over the forecast period due to increased expenditure by companies and institutions on security and surveillance.
Features of the Global Mobile Credential Reader Market
- Market Size Estimates: Mobile credential reader market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Mobile credential reader market size by communication type, end use, and region in terms of value ($B).
- Regional Analysis: Mobile credential reader market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different communication type, end use, and regions for the mobile credential reader market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mobile credential reader market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for mobile credential reader market?Answer: The global mobile credential reader market is expected to grow with a CAGR of 25.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the mobile credential reader market?
Answer: The major drivers for this market are rise of cyberattacks, growing adoption of smartphones, and stringent government regulations.
Q3. What are the major segments for mobile credential reader market?
Answer: The future of the global mobile credential reader market looks promising with opportunities in the education, commercial, and government markets.
Q4. Who are the key mobile credential reader market companies?
Answer: Some of the key mobile credential reader companies are as follows:
- HID Global Corporation
- Suprema
- Amag Technology
- Allegion
- Identiv
- Honeywell Security Group
- STid
- Axis Communications
- Dormakaba
- TDSi
Answer: The report forecasts that near field communication (NFC) is expected to witness highest growth over the forecast period due to the product's adaptability to connect to devices that support BLE or NFC.
Q6. In mobile credential reader market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period due to increased expenditure by companies and institutions on security and surveillance.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mobile credential reader market by communication type (near field communication (NFC) and bluetooth low energy (BLE)), end use (education, commercial, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Mobile Credential Reader Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- HID Global Corporation
- Suprema
- Amag Technology
- Allegion
- Identiv
- Honeywell Security Group
- STid
- Axis Communications
- Dormakaba
- TDSi
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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