Global Authentication and Brand Protection Market
Global Authentication and Brand Protection Market Size By Type (Overview, Overt, Covert, Forensic, Others), By Technology (Security printing and Tamper Proof Labels, Security Inks & Coatings, Others), By Application (Consumer Electronics, Automotive, Industrial and Others), By Geographic Scope and Forecast to 2026
According to Verified Market Research, The Global Authentication and Brand Protection Market was valued at USD 3,440.6 Million in 2016 and is projected to reach USD 7,056.4 Million by 2025, growing at a CAGR of 8.66% from 2017 to 2025.
The increasing development of information and communication technology has increased the need for exchange of information and data which, in turn, comes with more complex data security threats. In order to be able to combat these threats, there must be appropriate as well as efficient authentication and brand protection strategy in place. Brand protection and authentication strategies are implemented by companies through various solutions such as security printing or holograms/de-metalized solutions, UV, IR and DNA inks, tamper-seals and anti-counterfeiting labels are used in order to facilitate legitimate manufacturers. With the increasing digitalization comes the increasing scope for counterfeit, product forging and hence more and more brands are implementing authentication and brand protection solutions.
The global Authentication and Brand Protection Market is studied on the basis of key geographies Europe, North America, Middle East, and Africa, Asia Pacific and Latin America. North America is contributing the largest revenue share in the Authentication and Brand Protection market, owing to the increasing focus on developing sustainable brand protection options. However, as the anti-counterfeit packaging market in developed countries is maturing, the markets in developing countries like India and China are projected to grow at a higher rate during the forecast period and hence the Asia Pacific region is projected to register the highest growth rate during the forecast period due to the increasing awareness among consumers.
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