ID Reader Global Market Top Scenario, Swot Analysis, Business Overview & Forecast

Global ID Reader Market – Introduction

ID reader is a software solution that enables rapid automatic transfer of textual data from personal and travel documents. ID reader does not store any information; it only transfers the data from the scanner. After scanning the document, an ID reader automatically extracts all the textual data and identifies the document type from the scanned image. An ID reader can easily simplify database creation, ensures business processes automation, higher information accessibility, and fewer mistakes during data input, etc.
An ID reader is generally based on various technologies such as optical character recognition, radio-frequency identification (RFID), and image processing. ID readers easily read all commercial documents such as passports, ID cards, driver license, health cards, as well as special characters (?, Ö, Ü, Š, Ñ, etc.).

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Increasing cross-border travels worldwide: Prominent driving factor of the ID reader market

Increasing cross-border travel coupled with the growing number of counterfeit passports is a risk to national security of numerous countries. This is extensively boosting the demand for ID readers. ID readers are mainly used for travel documents such as passports with RFID-based technology, in which the passenger’s data is scanned during check-in, to categorize counterfeit documents. Therefore, increasing cross-border travel worldwide is significantly enhancing the growth of the ID reader market.
According to the UN World Tourism Organization, it is estimated that the percentage of international trips is expected to increase up to more than 1.8 billion over the next 10 years as compared to 1.2 billion trips in 2015.