The global smart badges market is on pace to reach a valuation of $50 billion by 2033, expanding rapidly at a 9% compound annual growth rate (CAGR) over the next 10 years, according to market research firm Fact.MR.
A smart badge is a transportable multi-mode tracker in the form of an ID card that contains embedded sensors that combine a Wi-Fi sniffer, GPS, BLE, low-power GPS and LoRaWAN TDoA geolocation technologies to give precise and continuous geolocation. A smart badge is considered an excellent implement for workforce safety and security tracking, zone notification and surveillance. It is lightweight and simple to use, with a single button providing access to many features that can be customized to meet customers’ requirements.