The personal ID market is experiencing a period of great transition, having been significantly affected by the pandemic. This report examines how Covid-19 has accelerated the transition towards a digital economy across much of the world, hastening the replacement of physical forms of ID with digital alternatives. It also looks at the gradual resumption of international travel in the post-pandemic world, which should keep demand for ID solutions amongst border crossing points at high levels.
Global market value was worth an estimated $9.67 billion in 2022, with growth now starting to become evident again after certain sectors were severely affected by the pandemic over the previous two years. The market is forecast to increase at a CAGR of 2.6% during the period between 2022 and 2027, reaching a value of almost $11 billion. The anticipated growth of Web 3.0 and the metaverse is expected to result in greater adoption of digital forms of ID amongst internet users, creating new authentication challenges.
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The Future of Personal ID to 2027 is based on a new and exclusive assessment of how the market has developed since 2017 and likely directions for the period leading up to 2027. Market estimates are based on primary and secondary data gathered during Smithers’ extensive research programme. Primary research included interviews and feedback from leading brand owners, as well as suppliers of the various technologies used for security printing purposes. Secondary research included production data and trends in key end-use markets and statistics from various government and industry association websites. The latest figures take account of how Covid-19 has affected the global printing industry and accelerated the trend towards e-commerce and digital identities.
Who should buy this report?
Jonathan Thomas has worked in the market research and information field for almost 30 years. Jonathan has worked for Key Note and Leatherhead Food Research, and as a freelance consultant has worked with Smithers since 2016. During that time, he has researched and authored reports covering various sectors of the global packaging industry, as well as preparing white papers and presentations.
Global market value was worth an estimated $9.67 billion in 2022, with growth now starting to become evident again after certain sectors were severely affected by the pandemic over the previous two years. The market is forecast to increase at a CAGR of 2.6% during the period between 2022 and 2027, reaching a value of almost $11 billion. The anticipated growth of Web 3.0 and the metaverse is expected to result in greater adoption of digital forms of ID amongst internet users, creating new authentication challenges.
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- Current and future global demand for security printing for the period 2017-2027, segmented by consumable materials and processes, end-use application and geographic region
- Detailed discussion of ongoing regulatory developments and post-pandemic consumer behaviours
- In-depth review of future growth areas in digital identities and the factors driving these changes
- Analysis of the market challenges and technological advances that are shaping the industry.
- How new and emerging technologies are accelerating the trend from physical to digital forms of ID
- How ongoing disruption in end-use applications is impacting upon the supply chain and causing a realignment of business offerings
- Consumer concerns over data security and privacy remain an ongoing challenge for governments and businesses within the ID sector
- Biometrics are becoming more apparent for personal ID applications, due to advances in technologies such as facial, iris and even behavioural recognition.
The Future of Personal ID to 2027 is based on a new and exclusive assessment of how the market has developed since 2017 and likely directions for the period leading up to 2027. Market estimates are based on primary and secondary data gathered during Smithers’ extensive research programme. Primary research included interviews and feedback from leading brand owners, as well as suppliers of the various technologies used for security printing purposes. Secondary research included production data and trends in key end-use markets and statistics from various government and industry association websites. The latest figures take account of how Covid-19 has affected the global printing industry and accelerated the trend towards e-commerce and digital identities.
Who should buy this report?
- Suppliers of security components, inks and substrates
- High security printers
- Security technology integrators
- Consumable suppliers
- Equipment and machinery suppliers
- National identity policy and strategy planners
- Public and private sector issuance organisations
- Industry consultants, investors and analysts.
Jonathan Thomas has worked in the market research and information field for almost 30 years. Jonathan has worked for Key Note and Leatherhead Food Research, and as a freelance consultant has worked with Smithers since 2016. During that time, he has researched and authored reports covering various sectors of the global packaging industry, as well as preparing white papers and presentations.
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