Research Reports
ePassport Market at an estimated CAGR of 22.1% during 2022-2028.
ePassport Market at an estimated CAGR of 22.1% during 2022-2028.
Published by maria gbaf
Posted on January 26, 2022
Global Banking and Finance Review
Company
Published by maria gbaf
Posted on January 26, 2022
The number of ePassports closed in on approximately 263,966 thousand units in 2018, and will record 19% Y-o-Y growth in 2019, according to a new study of Future Market Insights (FMI). Prospects of the ePassport market are influenced by a plethora of factors, ranging from protocols implemented by regulatory bodies such as ICAO, ACI, and IATA to improve border security, to smart airport initiatives such as biometrics.
The report on the ePassport market offers a detailed analysis of the market volume (Units), market drivers, challenges, opportunities and trends, industry growth factors, and value chain along with the collective opinion and perspectives of ePassport market participants. According to FMI analysis, the global ePassport market was valued at 16,458.1 Mn in 2017 and is projected to witness 7.4X expansion at an estimated CAGR of 22.1% during 2018-2028.
Request a report sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-8987
Prominent Trends Governing Global ePassport Market
The global ePassport market report highlights various supply and demand side trends along with strategic recommendations and a detailed analysis of the ePassport market on the basis of various segments.
With the growing incidences of terror attacks and illegal activities on an international level, there is a strong demand for data encryption and data protection. Regulatory bodies such as ICAO, IATA, and ACI have formed numerous protocols to improve border security and thus, ePassports have been witnessing strong demand.
RFID Remains Preferred Technology while Biometrics Gain Marked Significance
According to the study, RFID technology has witnessed widespread adoption in ePassport generation, with global sales estimated at over 207,396 thousand units in 2018. New applications of RFID for ePassport have been introduced, however considerable privacy and security risks have been identified recently. This has led to the incorporation of multistage authentication for verification of ePassports, resulting in the adoption of biometrics in combination with RFID to reduce identity theft and fraud, while aiding governments in furthering their border security.
Data Security – A Key Challenge in Global ePassport Market
Although numerous advantages are associated with the use of ePassports, there are also a couple of disadvantages. For instance, if the owner loses an ePassport, someone can gain access to the chip for free. Fake chips can also be easily uploaded and hence, these passports are also not totally secure.
Biometric and chip-based information can also be hacked and utilized for illegal purposes, which is one of the major limitations of ePassports.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask for Customization- https://www.futuremarketinsights.com/customization-available/rep-gb-8987
Key Players in Global ePassport Market
Some of the key players reported in this study of the global ePassport market include Gemalto N.V., HID Global Corporation, 4G Identity Solutions Private Limited, CardLogix Corporation, Infineon Technologies AG, IDEMIA, Eastcompeace Technology Co., Ltd., Primekey Solutions AB, and Entrust Datacard Corporation, among others.
Global ePassport Market Segmentation
By Technology
By Application
By Security
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/8987
Table Of Content
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Road Map
1.5. Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definition
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Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
The number of ePassports closed in on approximately 263,966 thousand units in 2018, and will record 19% Y-o-Y growth in 2019, according to a new study of Future Market Insights (FMI). Prospects of the ePassport market are influenced by a plethora of factors, ranging from protocols implemented by regulatory bodies such as ICAO, ACI, and IATA to improve border security, to smart airport initiatives such as biometrics.
The report on the ePassport market offers a detailed analysis of the market volume (Units), market drivers, challenges, opportunities and trends, industry growth factors, and value chain along with the collective opinion and perspectives of ePassport market participants. According to FMI analysis, the global ePassport market was valued at 16,458.1 Mn in 2017 and is projected to witness 7.4X expansion at an estimated CAGR of 22.1% during 2018-2028.
Request a report sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-8987
Prominent Trends Governing Global ePassport Market
The global ePassport market report highlights various supply and demand side trends along with strategic recommendations and a detailed analysis of the ePassport market on the basis of various segments.
With the growing incidences of terror attacks and illegal activities on an international level, there is a strong demand for data encryption and data protection. Regulatory bodies such as ICAO, IATA, and ACI have formed numerous protocols to improve border security and thus, ePassports have been witnessing strong demand.
RFID Remains Preferred Technology while Biometrics Gain Marked Significance
According to the study, RFID technology has witnessed widespread adoption in ePassport generation, with global sales estimated at over 207,396 thousand units in 2018. New applications of RFID for ePassport have been introduced, however considerable privacy and security risks have been identified recently. This has led to the incorporation of multistage authentication for verification of ePassports, resulting in the adoption of biometrics in combination with RFID to reduce identity theft and fraud, while aiding governments in furthering their border security.
Data Security – A Key Challenge in Global ePassport Market
Although numerous advantages are associated with the use of ePassports, there are also a couple of disadvantages. For instance, if the owner loses an ePassport, someone can gain access to the chip for free. Fake chips can also be easily uploaded and hence, these passports are also not totally secure.
Biometric and chip-based information can also be hacked and utilized for illegal purposes, which is one of the major limitations of ePassports.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask for Customization- https://www.futuremarketinsights.com/customization-available/rep-gb-8987
Key Players in Global ePassport Market
Some of the key players reported in this study of the global ePassport market include Gemalto N.V., HID Global Corporation, 4G Identity Solutions Private Limited, CardLogix Corporation, Infineon Technologies AG, IDEMIA, Eastcompeace Technology Co., Ltd., Primekey Solutions AB, and Entrust Datacard Corporation, among others.
Global ePassport Market Segmentation
By Technology
By Application
By Security
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/8987
Table Of Content
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Road Map
1.5. Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definition
Related Reports:
Intelligent Enterprise Data Capture Software Market – The global intelligent enterprise data capture software market is estimated at US$ 9 Bn in 2022, and is projected to close in on a valuation of US$ 21.1 Bn by 2029, expanding at a CAGR of 12.9% from 2022 to 2029.
Electronic Lab Notebook (ELN) Software Market – The electronic lab notebook (ELN) market revenue totaled ~US$ 421.0 Mn in 2021. The electronic lab notebook (ELN) market is projected to reach ~US$ 1,180.3 Mn by 2029, growing at a CAGR of 13.9% for 2022 – 2029.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com