What is Security Printing Market Scope?
Security is becoming more critical in today's world. We face global threats around the world, such as illicit border crossings using forged identification cards, the circulation of counterfeit banknotes, and the use of fraudulent birth certificates to obtain false identities. Current records are becoming more complicated and technical in order to avoid counterfeiting. As a result, security printers face significant difficulties in closing these holes and remaining one step ahead of counterfeiters due to the relentless and accelerated growth of security features and technology. Security Printers are ISO certified based on Non-Governmental Level (NG), Governmental Level (G), and Central Banks (CB) level. Various markets need different standards of protection. As a result, those aiming for levels G or CB must complete additional protection procedures. These procedures are not technically related to the product, but rather to the printer's security features.
The Security Printing market study is being classified, by Application (Brand Authenticity, Tickets, Watermarks, Personal ID, Financials and Others) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA predicts that Manufacturers from United States & United Kingdom will contribute to the maximum growth of Global Security Printing market throughout the predicted period.
3M Company (United States), Sun Chemical Corporation (United States), TraceTag International (United Kingdom), De La Rue Supply Chain Bolton (United Kingdom), Giesecke & Devrient (Germany), Security Print Solutions Limited (United Kingdom), Oriental Security Printing Solutions (Bahrain), Thomas Greg & Sons De Columbia S.A.S. (Columbia), Luminescence International Ltd (United States) and Cadena S.A. (Colombia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Sintel Security Print Solutions Ltd (Kenya) and Madras Security Printers Private Ltd. (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Security Printing market by Type, Application and Region.
On the basis of geography, the market of Security Printing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 3rd April, 2019 – Authentix Limited Announced its Acquisition of Security Print Solutions Limited (SPS), this Acquisition will Add SPS’s Diverse Offerings Including High Security Tax Stamps and A Host of Security Labels plus Other Documents Such as Patented and Multi-Layered Security Technologies to Authentix’s Portfolio. and On 30th January, 2019 - Ramco Plexus Acquired Sintel Security Print Solutions (Kenya Based Leading Security Printing Service Provider), This Strategic Move Will Strengthen Ramco’s Kenya Market Presence Across Scratch Card and Cheque Security Printing Services.
International Organization for Standardization (ISO) 14298 “Management of Security Printing Processes” - The Regulation Is A Transposition of The Former CWA 14641 Which Defines Specifications for The Control of Security Printing Processes.
Influencing Market Trend
- Technical Progress in Security Print Technology
- Implementation of New Ink Technology
Market Drivers
- Rising Implementation of Security Printing in Pharmaceuticals
- Demand for Malware Protection
- Increasing Number of Fraudulent Practices
Opportunities
- Increasing Applications Across Multiple Verticals
- Low Penetration in Emerging Regions Particularly Asia
Restraints
- Lack of Awareness
- Misuse and Malpractices
Challenges
Key Target Audience
Security Printing Systems Manufactures, New Entrants and Investors, Security Printing Service Providers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Customization available in this Study:
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