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World Corporate Security (Logical & Physical Access Control) Markets
Frost & Sullivan, Aug 2005
Privacy Ensured through Smart Cards Drives the Market
As global concern for security rises, demand for access control devices and applications is increasing. Smart cards have the ability to provide enhanced security through multiple factors of authentication. This solution is able to verify the authority of the information requestor, making it an impenetrable guardian of the cardholder's personal information. Thus, security needs and faith in the capability and efficiency of smart cards is likely to drive demand for these products.
This Frost and Sullivan research service provides insights into the global markets for corporate security (logical & physical access control). The study covers only the corporate security markets or offices/organizations using smart card-based access control systems to gain access to office buildings and corporate networks. It takes an in-depth look into the market segments across regions and by applications. The study also includes detailed discussion of market drivers and restraints across regions, strategic recommendations, revenue forecasts, and data on unit shipments.
Utilization of Smart Cards by Government ID Projects Increases Awareness of this Solution
A significant development in the smart cards markets is the upcoming impact of the International Civil Aviation Organization’s (ICAO) recommendation to combine contactless chips and face recognition biometrics technology for new secure biometric-enabled passports, explain the analysts of this study. Their choice has been influenced by the inability to modify data in a smart card chip without proper authorization either by biometric authentication or cryptographic access keys. The government's approval of this solution increases awareness of smart cards that will boost their uptake.
Corporate organizations are also looking for ways to have better security while cutting costs and economies of scale. This can be achieved by converging physical and logical access functions onto one card. This smart card offers greater security and data storage compared to other alternatives. With greater data storage, it has the ability to host other applications along with corporate security applications.
Non-measurable Return on Investment Combined with Low-cost Alternatives May Hinder the Expansion of Smart Cards
Achieving high return on investment (ROI) is difficult in the smart cards market because the profit is proportional to the amount that may have been lost had the solution not been deployed. This is a major concern for North American entrepreneurs. The Latin American companies’ main focus is to make profits and the high investments required for implementing smart cards, due to the infrastructure required, will only strengthen their resolve to stay with their legacy systems.
In Europe, low-cost alternatives such as paper tickets, magnetic stripe cards, proximity cards, and tokens have remained an obstacle toward the adoption of smart cards in non-critical usage scenarios because of the initial cost of smart card solutions. The use of alternative technologies in Asia Pacific for access control application such as proximity and magnetic stripe cards competes with the contactless-based physical access control card.
However, the global phenomenon of wireless local area network (WLAN) hotspots and increasing WLAN enabled laptops and personal digital assistants has increasingly allowed people to work in public areas and smart cards is a sure fire way of ensuring safety in information transfer, note the analysts. The growing need for security in businesses across the world highlights smartcards’ multi-application appeal which in turn creates an exciting market for these solutions.
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