PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1495557
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1495557
Smart Badge Market Size - By Communication (Contact, Contactless), By Type (Smart Badges with Display, Smart Badges Without Display), By Application (Corporate, Hospitality, Events and Conferences, Government and healthcare) & Forecast, 2024 - 2032
Smart Badge Market size is projected to expand at over 10.5% from 2024 to 2032. The rising need for enhanced security measures in workplaces and public spaces is spurring the demand for smart badges with biometric authentication features. The increasing adoption of contactless technologies, such as NFC and RFID, for access control and attendance tracking purposes is accelerating the appeal of smart badges.
For example, in July 2023, Bizzabo, the Event Experience Operating System introduced two updates to Klik Experiential, its wearable event technology for B2B conferences and flagship events. Such innovations in the smart badge technology are accelerating the product adoption for events and conferences. The integration of smart badges with IoT and cloud-based systems is enabling real-time monitoring of personnel and assets. The COVID-19 pandemic has also popularized the trend of remote and hybrid work environments, thus increasing the demand for smart badges with location tracking and communication capabilities.
The smart badge market is segregated into communication, type, application, and region.
Based on type, the industry size from the smart badges without display segment is projected to showcase over 10% growth rate from 2024 to 2032, owing to the rising need for lightweight and discreet identification solutions in various industries. These badges offer streamlined access control and personnel tracking without added complexity and cost of display features. Given their compact form factor, they enhance wearer comfort and convenience. Moreover, significant advancements in RFID and NFC technologies are spurring the product adoption.
Smart badge market from the corporate application segment is estimated to record significant growth by 2032, on account of the increasing emphasis on workplace security and employee safety. Smart badges offer efficient access control, attendance tracking, and visitor management solutions, enhancing overall security measures in corporate environments. The integration of smart badges with IoT and cloud-based systems is also enabling real-time monitoring of employee movements and facilitating contactless interactions, further driving adoption in corporate settings.
Regionally, the North America smart badge industry is estimated to grow at over 10% CAGR between 2024 and 2032. This can be credited to the increasing adoption of advanced access control and identification solutions in various sectors, including healthcare, manufacturing, and retail. The rising concerns about security and the growing need for contactless interactions in the post-pandemic era is amplifying the demand for smart badges. The advances in technology and the presence of key market players are also driving the regional market expansion.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation.
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growing Security and Access Control Needs
- 3.8.1.2 Surge in Demand from Healthcare & Government Sector
- 3.8.1.3 Integration with IoT and Smart Technologies
- 3.8.1.4 Growing demand for wearable access control devices
- 3.8.1.5 Need for Efficient Identity Management
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High Initial and Operational Costs
- 3.8.2.2 Technological Compatibility and Integration Issues
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Communication, 2018-2032 (USD Million)
- 5.1 Key trends
- 5.2 Contact
- 5.3 Contactless
Chapter 6 Market Estimates & Forecast, By Type, 2018-2032 (USD Million)
- 6.1 Key trends
- 6.2 Smart badges with display
- 6.3 Smart badges without display
Chapter 7 Market Estimates & Forecast, By Application, 2018-2032 (USD Million)
- 7.1 Key trends
- 7.2 Corporate
- 7.3 Hospitality
- 7.4 Events and conferences
- 7.5 Government and healthcare
- 7.6 Others
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Aioi-Systems Co., Ltd.
- 9.2 Assa Abloy Ab (Hid Global Corporation)
- 9.3 Beamian
- 9.4 Beijing Watchdata Co. Ltd
- 9.5 Brady Worldwide, Inc.
- 9.6 CardLogix Corporation
- 9.7 Dorma+ Kaba Holdings AG
- 9.8 Evolis
- 9.9 Giesecke+Devrient Gmbh
- 9.10 Identita Inc.
- 9.11 Identiv, Inc.
- 9.12 Thales Group
- 9.13 Zebra Technologies Corp.
