National eID Market Stabilizes; More Than 3.2B Chip-Based Credentials in Circulation by 2021
Acuity released its latest forecasts for the global market for National Electronic ID (eID)market and it appears the market has stabilized. Global programs revenues will exceed $54 billion between 2016 to 2021 averaging about $8.8 billion annually. During the forecast period, Asia will account for more than 60% of all cards issued as the number of countries issuing National eID cards increases from 124 to 136.
Acuity projects that from 2016 to 2021, 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.
As the market stabilizes — though outside the forecast period, Acuity believes 2025 will be the “peak year” for National eIDs and all chip-based cards — the longer-term evolution of National eIDs will be an evolution towards mobility. Physical credentials will tie way to digital credentials stored in smartphones and other mobile devices, transforming the way identity is established, referenced, and used every day across the globe.
Get all the details in “The Global National eID Industry Report: 2017 Edition”. The report includes 200+ charts and tables and provides comprehensive, detailed regional, and global analysis and unit and revenue forecasts for all National eID cards programs. A free preview is available.
If you are interested in details for all global National eID Programs by country, preview the “Global National eID Program Update”. This report, presented in spreadsheet format, provides detailed unit and revenue forecasts for each country National eID program from 2013 to 2020.