In a new report from IMS Research, despite the global economic slowdown, multi-technology readers are forecast to account for over $35 million of global reader revenues by 2013.
An increased need for verification and integration is causing a shift in the market from proximity to smart card technology. Housing both proximity and smart card technology in a single reader, multi-technology readers create a less expensive and ideal transition pathway between the two technologies.
According to report author and market analyst Blake Kozak, “Multi-technology reader growth will remain strong through 2013 as organizations continue to future-proof their access control systems. Growth for multi-technology readers will be fastest within larger commercial installations with several hundred employees. The financial implications of transitioning employees to a new credential are significantly higher than the costs associated with replacing existing readers to multi-technology. For smaller organizations with fewer employees, this trend is not as relevant and there is a preference to replace credentials and readers at the same time”.