Research intelligence firm IHS predicts that interest in mobile credentials rise will rapidly in the next few years in segments ranging from enterprise to travel, education and more.IHS estimates that in 2015 there were fewer than 2 million mobile credentials downloaded; however, by 2020 the global market for mobile credentials is expected to grow at a compound annual growth rate (CAGR) of 140 percent to reach 136 million downloads.Indeed, 20 percent of all credentials will be mobile by 2020, according to the IHS Access Control Intelligence Database – Mobile Credentials report.The commercial sector will remain the major driver of mobile credentials from 2015 to 2020, growing at a CAGR of 139.2 percent. By 2020 there will be 71.7 million downloads, representing more than half of the entire commercial market."The use of smartphones has disrupted a variety of industries — from transportation tickets, to payments, to identity confirmation — and the security industry will also be affected by these changes. The mobile credentials market will be led by governmental, commercial and education sectors, but it is likely the use of mobile credentials will affect all of the vertical markets in the security industry".
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