Global ID card printers Market: Overview
The global ID card printers market is projected to witness robust growth during 2018-2026 period. ID card printers is an electronic device which are generally in operation for about 5 to 8 years. These devices are gaining increased popularity as electronic authentication both secures and accumulates essential data for various commercial operation. The process is often autonomous and hence, requires little effort on the part of authorities to run operations. Moreover, it also increases productivity and efficiency with essential checks and balances. There are various types of ID card printers available in the market today. These include double slided card printers, Retransfer Card Printers, and High-Performance Card Printer. Moreover, card printers can be embed various built-in technology for access including Bluetooth, ethernet, USB, biometric, and can be rewritable in nature as well. The growing trends like automation, rising application of biometric security, and adoption of IT solutions across a wide range of sectors are expected to drive growth for the ID card printers market.
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Global ID card printers Market: Notable Developments
Kenyan government has announced a compulsory shift for citizen to its national ID system by December. The interior cabinet secretary of Kenya announced that the new bill would require Kenyan citizen to register for the NIIMS in order to get health care, driving license, pay taxes, get a SIM card, or even register a marriage or get a public education. Similarly, Ghana has announced a move to create a key public infrastructure to protect electronic transactions. The country has set aside funds of $4 MN to provide more security and build infrastructure to support electronic transfers in the near future.
HP, a major player in the ID card printers market has issued a new certification for printers used in the healthcare sector. Currently, potential infections and bacterial contamination due to electronic devices is a major concern. According to Center for Disease Control, each year over 1.7 million infections and subsequent 99,000 deaths in hospitals. As electronic equipment is often susceptible to damage to methods of sterilization, it often escapes the vigorous standard expected. However, the new standard will likely provide durability for 10,000 times the current industry-standard for germicidal wipes. This EN/IEC 60601-1-2 certified HP Healthcare Edition printers will help players address a pressing concern in the ID printers market to better cater to the healthcare sector.
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Global ID card printers Market: Drivers and Restraints
Rising demand for electronic security, biometric applications, and influx of supporting infrastructure like 5G are expected to drive growth for the ID card printers market. Growth of advancements in printing technology like 3D printing, rising demand for sectors like healthcare, Telecom, and finance are expected to draw major opportunities for players in the market. Additionally, education sector is also expected to emerge as major venue for growth for players in the ID card printers market. The rising demand for education, specifically for technical education and short-time courses are expected to create new opportunities.
Global ID card printers Market: Geographical Analysis
The global ID card printers market is projected to register highest growth in North America region. The region is home to some of the largest printing companies and continuous to adopt to new technology at a brisk space. Similarly, Europe is expected to witness major gains as EU pushes for electronic infrastructure with the strong backing of legislation and progressive reforms. Moreover, the global ID card printers market is also expected to witness its fastest growth in Asia Pacific. The rising IT infrastructure, emergence of key manufacturing firms in China, and growing demand for electronic security solutions are expected to drive growth for the global ID card printers market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.