ID card printer and media market
Transparency Market Research delivers key insights on the global ID card printer and media market. In terms of revenue, the global ID card printer and media market is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global ID card printer and media market.
The global ID card printer and media market is broadly affected by several factors that include increasing working population and technological advancements in card printers and ink. Thus, the expanding technology of ID card printers and media in different sectors is propelling the global ID card printer and media market.
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ID Card Printer and Media Market: Key Segments
The global market for ID card printer and media has been segmented into printer type, ribbon (media) type, encoding type, technology, end user, and region. In terms of printer type, the ID card printer and media market has been divided into single sided and dual sided, wherein, single sided is the most popular choice for various end users across the globe. Moreover, major OEMs are focusing on continuously innovating single sided type of ID card printers, as the printer has the capacity to upgrade into double side at minimal cost.
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In terms of encoding type, the global market for ID card printer and media has been classified into magnetic stripe, contact smart ID, no encoding, and contactless smart ID. No encoding ID cards are the simplest form of ID cards and these cards are extensively used across the educational sector. Institutions issue ID cards to students to monitor individual performance. The rising school-going population across developing countries is creating demand for ID cards, thus offering market opportunities for ID card manufacturers to enhance their revenues. Based on technology, the global ID card printer and media market has been categorized into direct to card (DTC) and retransfer/reverse transfer.
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