WISeKey Renews Agreement with Global Leader HID

International Holding is renewing its supply business agreement for Smart card readers with HID Global, one of the global leaders in this field belonging to the ASSA ABLOY group.

In 2022, WISeKey will be supplying HID Global with high-end smart card reader chips, to be used for the OMNIKEY card readers product range, targeting applications in healthcare, pharmaceutical, financial services etc. and used by public or private organizations seeking high security and performance in access management.

According to Market & Markets, the smart card market is projected to reach $16.9 billion by 2026 from $13.9 billion in 2021 with 75% of the value generated by cards & readers. The robust financial system that is being increasingly digitized and government agencies incorporating smart chip-based systems for better monitoring of processes are propelling several countries to adopt smart card solutions, specifically in the transportation, BFSI, retail, government, and healthcare sectors. In addition to information security, smart card-based systems ensure greater security of services and equipment by restricting access to only authorized users. Thus, the security & access control segments are projected to grow at the highest CAGR of the smart card market.