DENVER, March 29, 2017 /PRNewswire/ -- Leading digital identity analyst firm, Acuity Market Intelligence, forecasts that the global market for National Electronic ID (eID) programs will exceed $54 billion in revenues between 2016 to 2021. 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's report -- "The Global National eID Industry Report: 2017 Edition" — 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.
According to Acuity Market Intelligence Principal, Maxine Most, "Just as adoption of chip-based ePassports created a global platform that has driven worldwide adoption of Automated Border Control eGates and Kiosks, growth of chip-based National eID programs is creating a foundation for national, regional, and ultimately global trusted authentication infrastructures that will drive expansion of eGovernment services and integration of commercial services like banking and payments."
"The market will likely stabilize by 2020," says Most, a biometrics and secure document market expert. "Then the longer-term evolution of National eIDs will be an evolution towards mobility. Physical credentials will be augmented, then replaced, by digital credentials stored in smartphones and other mobile devices, transforming the way identity is established, referenced, and used every day across the globe."
"The Global National eID Industry Report: 2017 Edition" includes 200+ charts and tables and provides comprehensive, detailed regional, and global analysis and unit and revenue forecasts for all National eID cards programs. Get more information and preview and order the report at www.acuity-mi.com/GNeID_Report_2017.php.
For details on National eID Program by country, preview the "Global National eID Program Update" at http://www.acuity-mi.com/GNeIDU.php . This report, presented in spreadsheet format, provides detailed unit and revenue forecasts for each country National eID program from 2013 to 2020.
About Acuity Market Intelligence Acuity Market Intelligence (www.acuity-mi.com) is an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and digital identity market trends. Follow us on twitter @cmaxmost.
Contact: Acuity Market Intelligence, +1 303 449 1897
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/national-electronic-id-program-revenue-to-exceed-54-billion-between-2016-and-2021-with-32-billion-chip-based-national-eid-cards-in-circulation-300430903.html
SOURCE Acuity Market Intelligence