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    Breaking News

    Smart Technologies to Transform Security Printing, Brand Protection

    Expects to potentially grow into a $45 billion market by 2026.

    Related CONTENT
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    04.08.16
    Smithers Pira published its new report, Ten-Year Forecast of Disruptive Technologies in Security Printing and Brand Protection to 2026. The product of extensive primary research this identifies, analyses and contextualises the top 10 emergent technologies that will disrupt and transform the security print industry over the next decade.

    By 2026, the combined global market for security printing and brand protection is estimated to exceed $45 billion, up from $27 billion today. The proportion of personalization and digital machine-readable technologies is expected to increase as a result of the emergence of several disruptive technologies. Simultaneously, a significant market for data management solutions will be established, thanks to end-users demanding – and vendors developing – secure technologies for bridging physical security to data analytics in the Cloud.

    The smartphone is rapidly becoming the digital medium of choice to store and use travel, event, payment and identification documents and credentials, thus displacing the physical medium that is the livelihood of the security printing industry. Globally the number of users is modest, but it is highly dynamic area and has the greatest disruptive potential, according to Smithers’ survey of industry experts.

    Smartphone verification using handset fingerprint scanners, or facial recognition software – selfie pay – aligns with another disruptive trend profiled by Smithers – the rise of biometric verification. Biometrics, while not directly a security print technology, has over the last 15 years dramatically changed the landscape of how an individual’s identity is verified – a trend that will continue to 2026.

    As this happens, security print firms will need to build new skills and capabilities, including via mergers and acquisitions to meet this evolving demand. The rise of data analytics and an increasingly online world for financial and security processes create a similar impetus for the industry – as well as new tools for counterfeiters.

    Smart devices will also play an increasingly important role in anticounterfeit packaging and brand protection, explained report author Rudie Lion.

    “Smartphone technology is only in its infancy with apps that can scan barcodes and QR codes,” Lion noted. “The future focus will be on the evolution of covert QR codes, digital watermark technology and a new generation of cheap electronic connectivity to exploit fully the smartphone’s disruptive potential in brand protection packaging.”

    Polymer banknotes will continue to increase market share over the next decade with a rising number of countries switching from traditional cotton paper substrates. The UK will join the trend on 2 September 2016 with the issue of its new £5 note featuring Winston Churchill.

    The advantages of polymer substrate currency include durability, environmental friendliness, anti-counterfeiting success, and ultimately lifecycle cost. Smithers’ analysis shows that it is unlikely to fully displace paper banknotes over the 2016-2026 study period. It will however prompt innovation in coating and varnishes for paper currency, clean note policies, automated teller machines (ATMs) and banknote processing equipment, as well as the design and authentication of banknotes.
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    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
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      "COVID-19 has really accelerated the growth in e-commerce," said Jim Orford, K600i product manager from Domino Digital Printing Solutions.
      Ink World staff 01.13.21

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      Digital Printing to Continue to Take Market Share from Offset Presses

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      Smithers Pira reports that digital printing accounts for 16.2% of the global print market value and 2.9% of the volume.
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    CURRENT ISSUE

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