Smart Badge Global Market Report 2023

“Smart Badge Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart badge market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for smart badge ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart badge market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Smart Badges without Display; Smart Badges with Display

• 2) By Offering: Hardware; Software

• 3) By Communication: Contact; Contactless; NFC Technology; RFID Technology

• 4) By Industry: Government and Healthcare; Corporate; Retail and Hospitality; Event and Entertainment; Other Industries

• Companies Mentioned: Thales Group; Assa Abloy AB; Brady Corporation; IDEMIA; Evolis

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the smart badge market are Thales Group, Assa Abloy AB, Brady Corporation, IDEMIA, Evolis, Identiv, AIOI Systems, Watchdata System Co. Ltd., Kontakt.io, Global Net Solutions, Mpicosys, Proxfinity, Unitech Electronics Co Ltd., Vocera Communications, and HierStar.

The global smart badge market is expected to grow from $23.55 billion in 2022 to $25.84 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart badge market is expected to grow to $37.13 billion in 2027 at a CAGR of 9.5%.

The smart badge market consists of revenues earned by entities by providing services such as workforce safety monitoring, time and attendance tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart badge market also includes sales of smart programable OLED badges, RFID smart badges, and NFC smart badges which are used in providing smart badge services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The smart badge is an electrical device with a microcontroller or embedded memory in the form of a contact pad. It communicates with a reader by direct physical contact standards like (RFID), (NFC), or short-range wireless communication. It is a compact, lightweight, and simple-to-use device with a single button that provides access to various customizable functionalities.

North America was the largest region in the smart badge market in 2022. The regions covered in the smart badge report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of smart badges are smart badges without display and smart badges with display. Smart Badge with the display is a cost-effective, automated, and instant contact tracing solution for businesses. The offerings are through hardware and software. The communication medium involved are contact, contactless, NFC technology, and RFID technology, that involve uses in various verticals such as government and healthcare, corporate, retail and hospitality, event and entertainment, and others

The surge in demand for smart badges from the government and healthcare sector is expected to propel the growth of the smart badge market going forward. The healthcare industry includes a diverse variety of industries that supply goods and services to patients. Smart badges in healthcare enable to simplify task execution, enhance work accuracy, and provide real-time answers to customers' questions. For instance, in July 2021, according to the Brady Corporation Q4 2021 report, a US-based company engaged in the manufacturing of specialty products, technical equipment, and services for identifying components, the company recorded 73.5% sales for the Integrated Delivery System (IDS) segment, the most popular segment of smart badges in 2021, which is 0.9% more than the previous year 2020, due to sales of high performance industrial and healthcare products. Therefore, the surge in demand for smart badges from the government and healthcare sector is driving the growth of the smart badge market.

Technology advancement in smart badges is a key trend gaining popularity in the smart badge market. Major companies operating in the smart badge market are focused on developing new technological solutions to strengthen their position. For instance, in May 2022, Satellite Displays, a US-based company operating in smart badges, launched a smart badge with closed captioning. It turns speech into text and shows it on its "E Ink" display so that the deaf or hard of hearing may easily comprehend what the wearer is saying. Badger transmits audio data to a paired smartphone utilizing two microphones and Bluetooth® Low Energy (LE) connectivity provided by I-" BLYST840" SYST's module, which Nordic's multiprotocol nRF52840 SoC powers.

In November 2021, Bizzabo, a US-based software development company acquired Klik for $13.5 million. This acquisition provides Bizzabo access to Klik's wearable technology and broad infrastructure that enable new data visibility at physical events, providing organizers with priceless location-based insights regarding attendee engagement and behaviour that allow them to successfully assess success and prepare for future events. Klik is a Canada-based company that is operating in smart wearable badges.

The countries covered in the smart badge market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The smart badges market research report is one of a series of new reports from The Business Research Company that provides smart badges market statistics, including smart badges industry global market size, regional shares, competitors with a smart badges market share, detailed smart badges market segments, market trends and opportunities, and any further data you may need to thrive in the smart badges industry. This smart badges market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.