Student Smart ID Card Market Size (2024-2030)

The Global Student Smart ID Card Market was valued at USD 6.76 billion and is projected to reach a market size of USD 8.9 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4%. 

A student smart ID Card, also known as a student identification Card is issued to students for marking their attendance automatically. It consists of an embedded microchip and a magnetic strip that allow educational institutions to transmit and store information electronically. Further, the smart Card is a proof of identity for students and contains the student’s name, photograph, and unique identification number. Additionally, it also contains students’ academic details such as a course of study, enrollment status, and academic year. Moreover, with these smart Cards, it has become easy for teachers to mark, track, and automatically record attendance. This ID Card is also useful to students in gaining access to classrooms, libraries, labs, and dormitories that enables secured authentication of student data. Apart from this, students can also use this Card while traveling on public transport which enables them to use their Cards as transit passes.

Furthermore, technological advancements in data management and the adoption of sustainable practices for attendance tracking fuels the market growth for student smart ID Card.

Global Student Smart ID Card Market Drivers:

The increase in demand for operational efficiency by educational institutions has boosted the market for student smart ID Cards.

Student smart ID Cards have reduced the dependence on conventional attendance management systems by streamlining tasks in less than a minute. With the help of these Cards, educational institutions can automate the attendance management process by allowing students to tap or scan their Cards at smart checkpoints or kiosks. These devices record students’ attendance electronically and help in reducing human errors that save the time of both students and teachers. Further, these Cards are multifunctional as they can be used to gain access to multiple campus services in a single identification rather than carrying multiple Cards and documents for gaining access to campus services. These include access to the library, laboratory, printing, and photocopying services, making cashless payments at the canteen, and others. Moreover, recent smart ID Cards enable integration with LMS (Learning Management Systems) that provide information on courses, assignments, grades, and other academic information to students. As a result, smart ID Cards have helped educational institutions to automate and streamline day-to-day tasks efficiently and quickly.

Technological advancements in ID Cards to drive the market growth for students' smart ID Cards.

Recent tech advancements and innovations have revolutionized students’ data management process and helped educational institutions in saving time and money. Further, contactless technology has increased the use of smart ID Cards after the pandemic as it offers educational institutions to mark and record students’ attendance using radio frequency identification (RFID) and near-field communication technology (NFC). These technologies enable students to mark their attendance by scanning it at checkpoints, eliminating the need for physical contact. Moreover, biometric authentication has provided security to students’ data by marking attendance using fingerprints, palm prints, or facial recognition for identity verification. This further has reduced the risk of unauthorized use of ID Cards and enhanced campus security. Apart from this, the incorporation of cloud-based solutions and IoT has leveraged the student data management process. Cloud-based solutions allow institutions to store data in the cloud rather than on a Card, allowing them to remotely manage and access students’ data. Further, an IoT integration with the student smart ID Card such as the use of IoT sensors and devices has enabled institutions to monitor and control access of students to specific areas in the campus.

Global Student Smart ID Card Market Challenges:

Software implantation costs can hamper the market growth of student smart ID Cards. Deploying ID Card scanning systems and security checkpoints can increase the infrastructural cost of educational institutions. Further, maintaining a robust network and connectivity requires access to software-supporting technologies, which can further raise the institute's cost and thus raise the fees for students. This further can decline the market growth of student smart ID Cards.

Furthermore, data and privacy concerns can decline the demand for student smart ID Cards. Since all information is centralized in the student’s ID Card such as transaction and personal identity information, can provide unauthorized access to hackers and can lead to data breaches.

Global Student Smart ID Card Market Opportunities:

The Global Student Smart ID Card Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches, and agreements during the forecasted period. Furthermore, owing to the increase in the adoption of task-automating technology and the demand for secured authentication services for data management is predicted to develop the market for Student Smart ID Card and enhance its future growth opportunities.

COVID-19 Impact on Global Student Smart ID Card Market:

The pandemic had a positive impact on the student smart ID Card market. Due to the global lockdown, universities, colleges, and schools performed educational activities from home. These include providing access to LMS (Learning Management Systems) via integration with the smart ID Card, which included course details, assignments, study materials, and other academic information. Furthermore, increased digitization during the pandemic increased the demand for virtual ID Cards that managed students’ attendance, remotely monitored students during exams, and enabled remote authentication of students through face and eye recognition that helped to enhance online security.

Global Student Smart ID Card Market Recent Developments:

In June 2022, The Royal University of Phnom Penh launched a student smart ID Card in collaboration with Wonderpass technology. It enabled students to access campus events through Wonderpass App.

STUDENT SMART ID CARD MARKET REPORT COVERAGE:

Global Student Smart ID Card Market Segmentation: By Technology

• RFID/NFC-Based Cards

• Biometric Cards

• Hybrid Cards

• Others

Based on market segmentation by technology, RFID/NFC-based Cards occupy the highest share of the market. RFID (Radio Frequency Identification) technology utilizes radio waves that transmit data between the Card and the Card reader. This is done using a unique encrypted identification number and provides security to students’ data. Further, these provide contactless scanning of ID Cards that allow attendance tracking and access to campus services such as library services. Further, these Cards contain a microchip that holds students’ unique identification data and other academic information. Moreover, it also allows students to make in-campus cashless payments that enable them to make purchases in the cafeteria, vending machines, and in-campus stores. Furthermore, NFC-based Cards (Near-Field Communication) enable contactless communication between the smart ID Card and the NFC reader. It works by scanning the Card near the reader and allowing the transmission of students’ data for attendance management. Moreover, these Cards can also be linked to mobile apps that allow students to virtually check-in and thus eliminating the need for a physical Card.

The biometric Card segment occupies a significant share of the market. This technology uses fingerprint and facial recognition to record students’ attendance. Further, biometric technology is integrated into the student’s ID Card which allows storage of data in a centralized system. Moreover, it also enables multifactor recognition that uses a PIN or a smart chip, allowing access to students on campus and reducing the risk of unauthorized access. Furthermore, biometric-based ID Cards are becoming popular due to the enhanced security it provides. This is because biometric traits are difficult to forge and reduce the risk of identity fraud inside the campus.

Global Student Smart ID Card Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Based on market segmentation by region, North America occupies the highest share of the market. Due to the increasing demand for campus security and task automation, the demand for student smart ID Cards is increasing in the region. Further, new technological innovations such as the incorporation of microchips, small sensors, and the integration of smart ID Card with wearable devices such as smart watch has boosted the market for student smart ID Card in the region. Asia-Pacific region is the fastest growing region during the forecast period owing to increasing innovations in the educational sector such as the deployment of smart security devices on campus and the use of biometric attendance recording systems.

Global Student Smart ID Card Market Key Players:

1. Advantage

2. Zebra Technologies

3. Print Plast

4. Entrust

5. SmartPass

6. Edsys

7. Alpha Card

8. Spacebasic