New Opportunities on Digital Identification Market: All Lights Green on the Road to Success, Says to Frost & Sullivan

The current situation on the digital identification market has been extensively discussed at the most important trade show for the industry: Cartes 2012 in Paris. During the event the participants of the ecosystem could exchange, promote and challenge their ideas, innovations and solutions.

The digital identification market is in an excellent condition, and for the first year this situation has extended for all verticals covered by the industry. According to Frost & Sullivan recent report on the digital identification market, the sector will enjoy 10 per cent of Compound Annual Growth Rate (CAGR) during 2012-2018. The trend is similar in all verticals defined by Frost & Sullivan.

Frost & Sullivan predicts that the digital identification market for telecommunication sector will note 4.8 percent CAGR (2012-2018), which is mostly driven by the LTE deployment. The emergence of this promising network will allow final users to have an access to more data in shorter time. New associated services, usages and needs will certainly also appear. According to Frost & Sullivan, 44 per cent of the LTE deployment will be in Europe, 24 percent in Asia, 12 per cent in Latin America, 11 per cent in North America, and 9 per cent in Africa and Middle East (base year: 2011).

The banking and payment digital identification market will reach a 16 per cent CAGR (2012-2018) when at the same time the government and ID vertical will have a 12 per cent CAGR (2012-2018). The banking and payment market will continue expansion as this industry is moving from contact payment cards to contactless payment cards worldwide.

Finally, even if the transportation industry using digital Identification is still dominated by a single player, the CAGR (2012-2018) will be around 12 per cent. For the Pay TV market and for the corporate ID market the associated growth will note 8 per cent CAGR during the same period of time.

The need of security versus flexibility and of course mobility makes the Digital Identification Industry a key player to deliver appropriate solutions. At the moment, this is the only high level service that end user can trust with a minimum investment and a total transparency.”