Latest Malaysia Smart Cards and Access Control tenders. Discover new opportunities for Smart Cards and Access Control tenders daily and win lucrative contracts across Malaysia.
Growing Demand: The Malaysian market for smart cards and other access control systems is expected to reach USD 4.3 billion by 2025, growing at a CAGR of 7.52%. This growth is driven by factors such as:
Increasing security concerns
Government initiatives
Rising adoption of smart cities
Expanding manufacturing and hospitality industries
Key Segments: The market is segmented by:
Card type: Contact, contactless, and multi-component cards
Component: Memory-based, microcontroller-based, and magnetic stripe
Application: Payment transactions, ID verification, and access control
End-user: Banking industry, hospitality, healthcare, and government
Significant Role: The Malaysian government plays a significant role in the smart card and access control systems market through its procurement activities. This includes:
Providing smart cards to citizens for various purposes, such as healthcare and transportation
Deploying access control systems in government buildings and facilities
Key Figures: In 2017, the government allocated a budget of USD 15.33 million to provide smart cards to low-income households.
Wide Range: The main products and services procured by the Malaysian government include:
Smart cards for various applications
Access control systems for buildings, facilities, and borders
Biometric identification systems for increased security
Software and maintenance services for the systems
Who Decides: The key authorities responsible for smart card and access control system procurement in Malaysia include:
Ministry of Home Affairs
Ministry of Finance
Ministry of Housing and Local Government
Ministry of Health
Government agencies and departments
Leading Suppliers: Some of the top winners of government procurement contracts for smart cards and access control systems include:
HID Global
IDenticard Systems
D.H. Pace Company
CEM Systems
Honeywell Access Systems
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