Smart Badge Market Expected to be Worth $50 Billion in 2033

Smart Badge Market Expected to be Worth $50 Billion in 2033

  • Feb 13, 2023

Fact.MR, a market research and competitive intelligence provider, reveals that the global smart badges market is set to reach a valuation of $50 billion by 2033, expanding rapidly at 9% CAGR over the next 10 years.

A smart badge is a transportable multi-mode tracker in the form of an ID card that contains embedded sensors that combine a Wi-Fi sniffer, GPS, BLE, low-power GPS, and LoRaWAN TDoA geolocation technologies to give precise and continuous geolocation. A smart badge is an excellent gadget for workforce safety and security tracking, zone notification, and surveillance. It is lightweight and simple to use, with a single button providing access to many features that can be customized to meet customers' requirements.

Smart badges are widely utilized in government and healthcare applications because they improve patient security and privacy, give secure access to emergency medical information, and prevent healthcare fraud. A smart badge also has a panic button to alert an emergency discreetly and the badge's position, which aids in tracking the individual in hospitals. Government entities often use smart badges to adhere to government regulations, as well as to confirm a person's identification and physically allow the badge holder to a facility.

Smart badges use cutting-edge machine learning and IoT technologies to improve security and enable new functionalities. Moreover, a smart badge offers information about who is accessing what, when, and where, eliminating the danger of a security breach due to negligence or oversight. As a result of these reasons, the demand for smart badges for government and healthcare applications is increasing, which is predicted to propel the global smart badges market during the forecast period. Another major factor driving the global market is the growing demand for wearable devices.

Key Takeaways from Market Study

  • The global smart badges market is worth $21 billion in 2023.
  • The market is expected to reach a valuation of $50 billion by 2033.
  • Worldwide demand for smart badges is estimated to increase at a CAGR of 9% from 2023 to 2033 (forecast period).
  • The United States market was valued at $6 billion in 2022.
  • Global demand for contactless smart badges is projected to evolve at a CAGR of 6.2% during the forecast period.

Featured

  • An Inside Look From Napco at ISC West

    Get a look into the excitement at ISC West 2025 from Napco. Hear from some of their top-tech executives live from the show floor. Read Now

    • Industry Events
    • ISC West

  • Upping the Ante

    I am not a betting man in terms of cards, dice, blackjack or that wheel with the black marble racing around the circumference of a spinning wheel, but I would bet on the success of ISC West this year. Read Now

    • Industry Events
    • ISC West

  • It's Show Time

    I am one of those people that likes to see things get bigger and better. As advertised, ISC West is going to be bigger (more exhibitors) and better (more attendees). It’s show time in Las Vegas. Read Now

    • Industry Events
    • ISC West

  • SIA Releases New Report on Operational Security Technology

    The Security Industry Association (SIA) has released an impactful new resource – Operational Security Technology: Principles, Challenges and Achieving Mission-Critical Outcomes Leveraging OST. Read Now

Most   Popular

New Products

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.