In the technology space, it’s vital that your organization stay on top of prevailing trends in your respective industry. This extends to keeping tabs on the competition or, if you’re seeking a solution provider, weighing your options. That’s why ABI Research released its 40 Technology Companies To Watch In 2023 whitepaper to better understand which tech firms are winning in terms of innovation and implementation of their technology products/software.  

As pointed out in the blog post Government Issued ID: Key Trends to Know Before Green Lighting New Projects, the government Identification (ID) market was largely spared from the global semiconductor chip shortage. While demand for government-issued smart cards is growing and will continue to keep growing, thanks to most COVID-19 travel restrictions being lifted, this also means smart card personalization players will face relentless competition. Gaining market share boils down to succeeding in four key areas: personalization flexibility, advanced printing technologies, additional security features, and scalable solutions.

While many industries felt the intense ramifications of the global chip shortage, the government issued ID space has been mostly spared because vendors recognize the importance of citizens obtaining proper IDs and because the market is contract-based. Plus, the demand for IDs hasn’t exactly been soaring given travel restrictions, which is the driving factor behind purchasing a passport. However, as restrictions lift and people begin to travel and go out more, demand for smart ID cards will increase, presenting an emerging challenge in a world where chip supply isn’t expected to fully recover until late 2023 at the earliest.