Global Smartphone Credential Reader Market (2019-2025): Market Forecast By Communication Type (Near Field Communication, Bluetooth Low Energy, Both), By Verticals (Education, Commercial, Government and Others), By Regions (North America, Europe, APAC, Middle East & Africa, and Latin America), and Competitive Landscape
According to Phoenix Research, the Global Smartphone Credential Reader market size is anticipated to grow at a CAGR of 31.2% during 2019-2025. Increasing demand for IoT-enabled devices from the commercial and education sectors would drive the demand for the smartphone market worldwide. Growing security concerns and the flourishing technology sector are key factors that are driving the demand for the smartphone credential reader market worldwide. The rise in government spending on the education sector would further fuel the market growth.
In the overall Global Smartphone Credential Reader market share, the Americas have captured a major pie in 2018 and are expected to lead throughout the forecast period. However, the Asia Pacific region is projected to witness substantial growth during the forecast period. Further, increasing government spending on research and development of Artificial Intelligence based technological advancements would fuel market growth over the coming years.
Based on communication type, the market can be broadly classified into Near Field Communication (NFC), Bluetooth Low Energy (BLE), and Others. Near Field Communication (NFC) enabled devices are anticipated to capture major revenue share in 2018 and are expected to lead over the coming years due to a rise in smartphone credential reader solutions across various verticals in the industry.
The “Global Smartphone Credential Reader Market 2019-2025” report thoroughly covers the market by communication type, verticals, and regions. The Global Smartphone Credential Reader market outlook report provides an unbiased and detailed analysis of the ongoing Global Smartphone Credential Reader market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Global Smartphone Credential Reader Market report provides a detailed analysis of the following market segments:
• By Communication Type:
o Near Field Communication (NFC)
o Bluetooth Low Energy (BLE)
o Both
• By Verticals:
o Education
o Commercial
o Government
o Others
By Regions:
o North America
o Europe
o APAC
o Middle East & Africa
o Latin America
Key Highlights of the Report
- Historical Data of Americas Smartphone Credential Reader Market Revenues, for the Period 2015-2018
Market Size & Forecast of Americas Smartphone Credential Reader Market Revenues, until 2025
Historical Data of Europe Smartphone Credential Reader Market Revenues, for the Period 2015-2018
Market Size & Forecast of Europe Smartphone Credential Reader Market Revenues, until 2025
Historical Data of Asia Pacific Smartphone Credential Reader Market Revenues, for the Period 2015-2018
Market Size & Forecast of Asia Pacific Smartphone Credential Reader Market Revenues, until 2025
Historical Data of Middle East Africa Smartphone Credential Reader Market Revenues, for the Period 2015-2018
Market Size & Forecast of Middle East Africa Smartphone Credential Reader Market Revenues, until 2025
Frequently Asked Questions (FAQ)
Question. What is a Smartphone Credential Reader?
Answer. A mobile credential is an authentication token similar to a keyfob or Prox card.
Question. How do mobile credentials work?
Answer. Bluetooth technology is used to connect the smartphone to other devices at your home or office.
Question. How to use Credential Reader?
Answer. Every smartphone consists of a unique 48-bit address that can be used as a unique key. This individual identification number is the ID number which is given by the card credential.
Question. Are Credential Readers secure to use?
Answer. we can use 2-step verification and Mobile phones cannot be cloned/duplicated like a keycard.