Global Mobile Credential Reader (NFC and BLE) Market by Type (Near Field Communication (NFC), Bluetooth Low Energy (BLE)), By Application (Commercial, Government, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global mobile credential reader market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for secure and convenient authentication methods, rising adoption of NFC-enabled smartphones, and growing demand for BLE-based readers. The global mobile credential reader market is segmented on the basis of type into NFC and BLE readers. The NFC segment is expected to account for a larger share of the market in 2018 owing to its high adoption rate among consumers. However, the BLE segment is projected to grow at a higher CAGR during the forecast period as it offers several advantages over NFC, such as longer battery life and lower power consumption. On the basis of application, the global mobile credential reader market is divided into commercial, government, and others (including educational institutions and healthcare organizations). The commercial segment accounted for a major share of this market in 2017 due to rising demand from retail stores and restaurants for secure authentication solutions. However, government applications are expected to witness highest growth during the forecast period as governments across different regions are increasingly adopting these readers for identity verification purposes.



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Product Definition:

A mobile credential reader (NFC and BLE) is a device that can be used to read smart cards or other credentials. They are commonly used in conjunction with smartphones or other mobile devices. Mobile credential readers can be used for a variety of purposes, such as authentication, identification, and payment processing. Their importance lies in their ability to provide secure access to information and systems while on the go.

Near Field Communication (NFC):

Near Field Communication (NFC) is a wireless technology for communication between mobile devices and payment terminals. NFC enables the transfer of data between two devices by tapping them to each other. It provides security benefits as it uses 128-bit encryption while transferring data, which makes it more secure than Bluetooth or Wi-Fi connectivity.

Bluetooth Low Energy (BLE):

Bluetooth Low Energy (BLE) is a wireless technology that offers low power consumption, short-range communication, and easy integration with mobile devices. It also provides authentication and encryption services for security. The technology has been developed as an alternative to Bluetooth which was designed for high-speed data transfer at a distance of 30 meters.

Application Insights:

The others application segment includes personal and public safety. The growing adoption of these devices for payment, digital signage, access control, and other applications is expected to drive the demand over the forecast period. For instance, Samsung developed a mobile payment app that uses BLE technology named Samsung Pay. This service is available on select smartphones only at present but it will be widely adopted in future as more companies adopt this technology for their services.

North America market held the largest share of over 60% in 2017 owing to presence of leading companies such as Apple Inc., Google LLC., Microsoft Corporation., Facebook Inc., Amazon Technologies Inc.; etc. Government application segment is also expected to witness significant growth with increasing deployment of MCRs by government agencies and institutions such as hospitals & airports; etc. Increasing usage among consumers for authentication purposes in e-commerce transactions and electronic payments will boost industry growth further during the forecast period  (2018-2030).

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing adoption of mobile devices and payment technologies across various industries, such as retail, transportation & logistics, hospitality, healthcare among others. Asia Pacific is projected to grow at a lucrative rate over the next eight years owing to increasing government initiatives for implementation of advanced technologies such as contactless payments and digital certificates in countries like China and India among other nations within the region.

Growth Factors:

Increasing demand for secure and convenient authentication methods: The mobile credential reader market is expected to grow as organizations seek more secure and convenient authentication methods than passwords. With the growing number of data breaches, organizations are looking for ways to reduce the risk of unauthorized access to their networks and data. Mobile credential readers provide a more secure way to authenticate users than passwords, which can be easily stolen or guessed.
Increased use of mobile devices: The growth in the use of mobile devices is also expected to drive the growth of the mobile credential reader market. With more people using smartphones and tablets, there is a greater need for solutions that allow them to securely access their accounts and data from these devices. Mobile credential readers provide an easy way for users to login securely without having to remember multiple passwords or type in long codes.
Proliferation of NFC-enabled devices: Another key driver for the growth of the mobile credential reader market is the proliferation of NFC-enabled devices such as smartphones and tablets. NFC allows two electronic devices such as a smartphone and a door lock system,to communicate with each other by touching them together or bringing them within close proximity (less than 4 inches). This makes it easier for users to unlock doors or gain access into other secured areas by simply tapping their device against an NFC-enabled sensor pad rather than having to fumble through their pockets trying find their keys..


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Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Credential Reader (NFC and BLE) Market Research Report
By Type
Near Field Communication (NFC), Bluetooth Low Energy (BLE)
By Application
Commercial, Government, Others
By Companies
Allegion plc., Amag Technology Inc, Axis Communications, Dormakaba Holding AG, HID Global Corporation, Honeywell Security Group, Identiv Inc., Keri Systems Inc., STid, Suprema Inc, Allegion plc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.

Global Mobile Credential Reader (NFC and BLE) Market Report Segments:
The global Mobile Credential Reader (NFC and BLE) market is segmented on the basis of:
Types
Near Field Communication (NFC), Bluetooth Low Energy (BLE)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Allegion plc.
Amag Technology Inc
Axis Communications
Dormakaba Holding AG
HID Global Corporation
Honeywell Security Group
Identiv Inc.
Keri Systems Inc.
STid
Suprema Inc
Allegion plc.



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Highlights of The Mobile Credential Reader (NFC and BLE) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Near Field Communication (NFC)
Bluetooth Low Energy (BLE)
By Application:
Commercial
Government
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mobile Credential Reader (NFC and BLE) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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