- Global e-passport Market to grow at 32.5 percent for the period 2012-2016
According to the latest research, findings by the independent London based global research firm TechNavio, Gemalto is one of the leading players operating in the Global e-Passport Market along with other players.
The Global e-Passport Market is witnessing impressive growth, with the Americas (North & South America) leading this market with a share of more than 37 per cent followed by the EMEA and the APAC region.
Global e-Passport Market by Geographical Segmentation 2012
Source: TechNavio Analysis
With the International Civil Aviation Organization (ICAO) making it mandatory for its member countries to implement the e-passport system by 2015, the growth momentum will continue during the forecast period. Countries will be compulsorily adopting it for enhanced security and protection against identity fraud.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “By 2014, the Global e-Passport market is expected to reach 132 million documents. The top 10 e-passport-issuing countries will be accounting for 80 million documents, constituting 61 percent of the volume of the Global e-Passport market, which is far greater than the present scenario.”
On a global scale, the e-Passport market will see the growth rate declining in Europe during the forecast period due to early adoption of e-passport in that market. On the other hand, the Americas market will show the maximum growth fuelled by the recent terrorist attack in the country, which has resulted in the need for enhanced security, with South America showing the strongest revenue growth during the forecast period. In the APAC region, the growth will be limited to countries such as India, China, the Philippines, and Indonesia being the top e-passport-issuing countries.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on https://www.technavio.com/report/global-e-passport-market-2012-2016 please send an e-mail to enquiry@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global e-passport Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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