According to Proxy’s 2019 Physical Security Trends Report, 17.3 percent of card or fob users have lost at least one card or fob in the last year. The era of legacy physical access control credentials is rapidly transforming. A convergence in physical and logical access control is driving completely new and different behaviors.
In an ever-accelerating trend, estimates are that 90 percent of the wireless locks sold are integrated with other smart devices. No longer will you struggle to manage a variety of insecure and vulnerable physical credentials when you can manage all of that through a mobile app. As this market expands into non-traditional access control applications, the necessity for an access control credential on an ubiquitous mobile device becomes mandatory. In the very near future, everyone will carry a credential, and a mobile credential housed on a smartphone is the only viable way to address these needs.