Global Mobile Credential Reader Market (2019-2025) | Analysis, Industry, Size, Share, Revenue, Forecast, Trends, Growth, Value & Outlook

Latest 2023 Developments of the Global Mobile Credential Reader Market

Global Mobile Credential Reader Market witnessed the latest development including the introduction of dual-function devices offering Bluetooth Low Energy (BLE) and Near field communication (NFC) that enables the product to connect with either NFC or BLE-enabled devices, integration of Artificial Intelligence and Machine Learning in the Mobile Credential Reader and, the development of rugged, water-resistant RFIDs for identification. These readers also offer tamper detection and have built-in cyber security features to prevent unauthorized access and safeguard the system. Cloud-based credential applications are also gaining importance as they are designed to deliver a safe, secure, and convenient experience to access secured doors using a smartphone.

Mergers and Acquisitions:

• On February 8, 2021, HID Global acquired Technology Solutions (TSL) UK Ltd
• On December 14, 2020, Honeywell acquired Sine Group

Global Mobile Credential Reader Market Synopsis

The Mobile credential reader market is witnessing substantial growth in the Americas and European regions owing to increasing demand from the commercial and education sectors. The mobile credential reader market is a sub-segment of wireless access control. Rising security concerns and the flourishing technology sector are the key factors which are driving the demand for mobile credential readers across the globe.

According to 6Wresearch, Global Mobile Credential Reader Market size is projected to grow at a CAGR of around 29% during 2019-2025. The commercial segment is expected to witness the highest growth during the forecast period owing to growing commercialization, a rise in government spending on the education sector, and a strengthening of the tourism sector across the world. These factors would spur the demand for mobile credential readers over the coming years.

Amongst all communication types, dual-function devices offering Bluetooth Low Energy (BLE) and Near field communication (NFC) acquired the largest revenue share due to the flexibility of the product to connect with either NFC or BLE-enabled devices. Over the coming years, the commercial and education verticals are projected to record higher growth attributed to an increase in security measures adopted across the world.

On the basis of region, in 2018, the Americas held the maximum revenue share of Near Field Communication (NFC) enabled mobile credential devices due to the high demand for smartphones that supports NFC in the territory.

The Global mobile credential reader market report thoroughly covers the market by communication type, verticals, and geographical regions including Americas, Asia Pacific, Europe and Middle East Africa. The Global mobile credential reader market outlook report provides an unbiased and detailed analysis of the ongoing global mobile 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.

Key Highlights of the Report:

• Global Mobile Credential Reader Market Overview
• Global Mobile Credential Reader Market Outlook
• Global Mobile Credential Reader Market Forecast
• Historical Data of Global Mobile Credential Reader Market Revenues for the Period 2015-2018
• Global Mobile Credential Reader Market Size and Global Mobile Credential Reader Market Forecast of Revenues, Until 2025
• Historical Data of Global Mobile Credential Reader Market Revenues, by Communication Type, for the Period 2015-2018
• Market Size & Forecast of Global Mobile Credential Reader Market Revenues, by Communication Type, until 2025
• Historical Data of Global Mobile Credential Reader Market Revenues, by Verticals, for the Period 2015-2018
• Market Size & Forecast of Global Mobile Credential Reader Market Revenues, by Verticals, until 2025
• Historical Data of Global Mobile Credential Reader Market Revenues, by Applications, for the Period 2015-2018
• Market Size & Forecast of Global Mobile Credential Reader Market Revenues, by Applications, until 2025
• Historical Data of Global Mobile Credential Reader Market Revenues, Americas, for the Period 2015-2018
• Market Size & Forecast of Global Mobile Credential Reader Market Revenues, Americas, until 2025
• Historical Data of Americas Mobile Credential Reader Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Americas Mobile Credential Reader Market Revenues, until 2025
• Historical Data of Europe Mobile Credential Reader Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Europe Mobile Credential Reader Market Revenues, until 2025
• Historical Data of Asia Pacific Mobile Credential Reader Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Mobile Credential Reader Market Revenues, until 2025
• Historical Data of Middle East Africa Mobile Credential Reader Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Middle East Africa Mobile Credential Reader Market Revenues, until 2025
• Market Drivers and Restraints
• Global Mobile Credential Reader Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis 
• Market Opportunity Assessment
• Global Mobile Credential Reader Market Share, By Players
• Global Mobile Credential Reader Market Overview on Competitive Benchmarking
• Company Profiles 
• Key Strategic Recommendations

Markets Covered

The Global mobile credential reader market report provides a detailed analysis of the following market segments:

By Communication Type:

• Near Field Communication (NFC)
• Bluetooth Low Energy (BLE)
• Both

By Verticals:

• Education
• Commercial
• Government
• Others

By Geography:

• Americas
• Asia Pacific
• Europe
• Middle East and Africa