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Security Paper Market to Grow by USD 8.4 Billion (2024-2028), Driven by Expansion in Global Banknote Industry, Report with AI-Powered Insights – Technavio

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NEW YORK, Dec. 13, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global security paper market size is estimated to grow by USD 8.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.36%  during the forecast period. Growing global banknote industry is driving market growth, with a trend towards growing r and d activities. However, rising global e-passport industry  poses a challenge. Key market players include Ciotola s.r.l., De La Rue PLC, DIPA Zrt, DREWSEN SPEZIALPAPIERE GmbH and Co. KG, EPL House, FEDRIGONI Spa, FNMT RCM, Gemini Graphics Pvt. Ltd., Giesecke Devrient GmbH, HG Technology Sdn Bhd, Joint Stock Co. Goznak, Pura Group, Rolland Enterprises Inc., Security Paper Mill Inc., Security Papers Ltd., Security Printing and Minting Corp. Of India Ltd., and Simpson Security Papers Inc, Sequana Group, China Banknote Printing and Minting Corporation, Document Security Systems Inc.

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Security Paper Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.36%

Market growth 2024-2028

USD 8.4 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 53%

Key countries

US, China, Germany, Japan, and Canada

Key companies profiled

Ciotola s.r.l., De La Rue PLC, DIPA Zrt, DREWSEN SPEZIALPAPIERE GmbH and Co. KG, EPL House, FEDRIGONI Spa, FNMT RCM, Gemini Graphics Pvt. Ltd., Giesecke Devrient GmbH, HG Technology Sdn Bhd, Joint Stock Co. Goznak, Pura Group, Rolland Enterprises Inc., Security Paper Mill Inc., Security Papers Ltd., Security Printing and Minting Corp. Of India Ltd., and Simpson Security Papers Inc, Sequana Group, China Banknote Printing and Minting Corporation, Document Security Systems Inc.

Market Driver

The Security Paper Market is witnessing significant trends and advancements, with a focus on enhancing the security of currency notes and documents. The use of alteration-resistant materials like cotton fiber paper and hybrid security papers is on the rise. Banknote substrate is transitioning from traditional cotton to polymer, offering improved durability and counterfeit resistance. Emerging technologies like blockchain technology and Cylinder mold technology are being explored for data security applications in banking and identity documents. Customized papers with holograms, micro print elements, and UV fibers are becoming standard. The cash-based economy continues to drive demand for security papers in currency printing. Counterfeiting of documents and data leaks pose challenges, necessitating the incorporation of advanced security features such as magnetic microwires, thread, and fluorescent elements. Infrastructure modernization in developing economies with large population bases presents business opportunities for security paper manufacturers. Louisenthal and Veridos are key players, offering innovative solutions like passport and visa documents with advanced security features. Technological developments in the field include digitization, which offers opportunities for digital data security applications. The market is also exploring the use of natural materials like pulp and watermarks for sustainable and secure solutions. 

Commercial vendors in the global security paper market are intensifying their research and development (R&D) investments to stay competitive. With numerous state-owned paper mills and printing companies in the market, product differentiation is essential for commercial entities to thrive. Innovative paper printing technologies and advanced security features are crucial investments for vendors to maintain their market position. For instance, De La Rue boosted its R&D budget by 100% in 2020, resulting in the launch of six new products, each incorporating four distinct security features for currency printing. 

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Market Challenges

The Security Paper Market is witnessing significant growth due to the increasing demand for secure documents in various sectors. However, challenges such as alteration and forgery of documents, particularly in a cash-based economy, remain a major concern. Counterfeiting of currency notes, identity cards, and other legal documents continues to pose a threat, necessitating advancements in security features. Banknote substrate, including cotton and polymer, plays a crucial role in currency printing. Emerging technologies like blockchain and holograms offer business opportunities for enhancing document security. Infrastructure modernization in developing economies with large population bases presents significant opportunities for security paper manufacturers. Cotton fiber paper, thread, and magnetic microwires are common security elements. Hybrid security papers, incorporating natural materials and micro print elements, offer advanced security features. Technological developments, such as Cylinder mold technology and UV fibers, are essential for producing customized papers with superior security. Data leaks and data security applications are driving the digitization of various documents. Louisenthal, Veridos, and other leading players are investing in product development plans to cater to these trends. The market for safety papers, including stamp paper and passports, is expected to grow due to the increasing need for secure identity verification in transportation and logistics.The global e-passport market is experiencing notable growth due to increasing concerns over illegal immigration and trans-border crimes. E-passports offer enhanced security features, enabling quick and efficient identity verification at international borders. Government agencies utilize e-passports for heightened border control. The market’s expansion began in the early 2000s but gained momentum following high-profile terrorist attacks, such as 9/11, Madrid, London, and Paris, which underscored the necessity for advanced security measures. The need to safeguard citizens and combat passport fraud further fuels market growth.

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Segment Overview 

This security paper market report extensively covers market segmentation by  

Product 1.1 Currency note1.2 Passport1.3 OthersType 2.1 Hybrid paper2.2 Watermark2.3 Hologram2.4 Thread and UV fiberGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Currency note-  The global automated teller machine (ATM) services market has experienced significant growth since 2010, with North America leading the charge. The US and Canada have been key contributors to this growth in the region. In Asia-Pacific (APAC) and Latin America, the banking sector maintained a steady growth rate even during financial crises. The increasing economies in Southeast Asian countries like Singapore, Taiwan, Thailand, and Vietnam are boosting the growth of the banking sector in APAC. As of 2022, North America had the most ATMs, with over 3.2 million units installed worldwide. The rise of cash recycler ATMs and the provision of value-added services like balance inquiries and checkbook requests have fueled the growth of ATMs. The market is projected to expand by 5-9% during the forecast period due to the anticipated penetration of ATM services in underdeveloped areas. The expansion of the banking system and the growing number of ATMs worldwide are anticipated to boost the demand for currency notes, thereby driving the growth of the security paper market.

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Research Analysis

The Security Paper Market is witnessing significant growth due to the infrastructure modernization in various sectors, particularly in the government and financial industries. With a large population base in many regions, the demand for secure documents such as passports and visas is increasing. Traditional security features like watermarks, holograms, and thread are being supplemented with advanced technologies such as polymer substrate and hybrid papers. Cash-based economies continue to drive the demand for secure currency printing. However, the risk of fraud and counterfeiting remains a major concern, leading to the adoption of advanced security features like polymer and hybrid papers. These materials offer enhanced security against alteration, forgery, and document-related fraud. Digitization is also transforming the security paper market, with many governments exploring digital alternatives to traditional documents. However, the need for secure physical documents will continue to persist, particularly for high-value transactions and critical applications. Security features like watermarks, holograms, and thread remain essential for ensuring the authenticity of original documents. Meanwhile, the printing of currency and the counterfeiting of documents continue to pose significant challenges, requiring ongoing innovation and investment in security technologies.

Market Research Overview

The Security Paper Market encompasses the production and supply of specialized papers used for currency notes, banking applications, identity cards, certificates, and other important documents. These papers incorporate various security features such as holograms, watermarks, micro print elements, and magnetic microwires to prevent counterfeiting and document related fraud. Emerging technologies like blockchain technology and digitization are creating new business opportunities in this sector. Natural materials like cotton and cotton fiber paper continue to be used due to their durability and resistance to alteration. Infrastructure modernization in the Cash based economy, particularly in countries with large population bases, is driving demand for security papers. Technological developments in Cylinder mold technology, Hybrid paper, and Polymer substrate are also shaping the product development plan for security paper manufacturers. However, the threat of data leaks and data security applications necessitates the integration of advanced security features into these papers. The market for security papers is expected to grow significantly due to the increasing need for secure and authentic documents in various sectors, including transportation and logistics, legal documents, and passport and visa applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCurrency NotePassportOthersTypeHybrid PaperWatermarkHologramThread And UV FiberGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Saigon Technology: Why Businesses Fear Modernizing Software in the AI Era

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SYDNEY, Nov. 4, 2026 /PRNewswire/ — Modernizing an entire software system often leaves businesses with two choices: invest heavily in an in-house team for a project that may not require the same resources later, or work with an experienced partner that already has the expertise in place.

While outsourcing offers greater flexibility, it also raises concerns about data security, business disruption, and finding a partner capable of handling complex systems.

Saigon Technology, an award-winning software engineering company with an AI-native delivery approach, believes businesses shouldn’t have to sacrifice security or stability to modernize. With the right partner, they can move forward while keeping everything under control.

66% of Australian Enterprises Lack Full Data Access Visibility

At many businesses, the existing systems may hold customer records, financial data, and core business processes. Giving a partner full access can create risks that businesses are not willing to take.

But modernization does not always require handing over the keys to the entire system.

Instead, companies can limit access to specific parts of their software, keep sensitive data in protected environments, and require approval before major changes are made. External engineers can work with test data or selected modules while the business keeps control of its main systems.

This allows businesses to gain the skills they need without giving up oversight of their most valuable technology assets.

Then Comes the Fear of Disruption

Data security is only half the concern. What happens if a system upgrade interrupts orders, payments, or customer services? For businesses that rely on software every day, even a short disruption can affect customers, staff, and revenue.

Yet upgrading software does not always mean shutting down the old system and moving everything to a new one overnight.

A safer approach is to make changes step by step. Parts of the system can be upgraded while the rest continues running. Old and new systems may also run side by side, giving teams time to test changes, check data, and fix issues before a full switch.

With clear backup and recovery plans, businesses can reduce risk and maintain essential services throughout the process.

The Way Forward: Modernize Without Losing Control

These concerns raise a key question: how can businesses move faster without taking on more risk? The answer lies in choosing a development partner that works within the client’s rules, rather than asking the client to give up control.

Saigon Technology takes a security-focused approach to enterprise software modernization. Depending on project needs, its engineering teams can apply multi-factor authentication (2FA), data encryption, VPN-secured access, and role-based permissions to protect sensitive information. With 3 development centers in Vietnam, the company also brings the engineering expertise and capacity needed to upgrade critical systems while minimizing disruption to daily operations.

Saigon Technology holds ISO/IEC 27001:2022 certification for information security management and ISO 9001:2015 certification for quality management, reinforcing its commitment to secure software delivery.

“Businesses should not have to choose between keeping their systems safe and moving forward with new technology. A good engineering partner helps them do both, without putting daily operations at unnecessary risk.” Shared by Thanh Pham, CEO of Saigon Technology.

As AI creates new opportunities, Saigon Technology believes the businesses best placed to benefit will be those that can embrace change without losing control of what already works.

About Saigon Technology

Saigon Technology is an AI-driven software engineering company with over 400 engineers. Serving clients across Australia and global markets, the company combines AI expertise, secure engineering, and flexible delivery models to build sustainable digital solutions.

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I AM ALS COMMUNITY CELEBRATES AS ACT FOR ALS BECOMES LAW AND MAKES HISTORY

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Community Advocates, Including Co-Founders Brian Wallach and Sandra Abrevaya and I AM ALS Ambassadors Late Actor Eric Dane and Former Pro Wrestler Tanea “Rebel” Brooks, Drive Landmark Win Securing Up to $500 Million in Funding and Therapy Access, and a Continued Path to a Cure

Download Photos/Logo Here
I AM ALS Celebration Video for ACT for ALS

WASHINGTON, Nov. 3, 2026 /PRNewswire/ — I AM ALS and its national force of advocates are celebrating as the President signed the ACT for ALS reauthorization bill into law. This comes after the Senate approved the bill by unanimous consent with just hours left until the law expired, even after the House went home early. The I AM ALS community first identified a major gap in access to investigational treatments and co-authored the original ACT for ALS Act to address it in 2021. Now, with years of success underway, the law has five more years to scale research infrastructure and treatment access, representing an investment of up to an additional $500 million for ALS.

“Over the past 7+ years, this community has changed what’s possible in ALS,” said I AM ALS co-founder Brian Wallach. “The I AM ALS community’s leadership has brought us closer than ever to a cure by unlocking over $2 billion for federal ALS research, expanding and protecting access to life-changing therapies, and accelerating scientific breakthroughs. We thank our ALS congressional champions—including sponsors Senators Coons (D-DE) and Murkowski (R-AK) and Representatives Quigley (D-IL-05) and Calvert (R-CA-41)—and all the tireless advocates who helped renew this historic legislation for five more years.”

Today’s law passage is groundbreaking and thanks to the significant efforts of I AM ALS’ community-led movement. Since ACT for ALS was first signed into law, I AM ALS has monitored and reported on the ground-breaking success of its implementation. Leading into the reauthorization year, I AM ALS built and deployed a comprehensive, multi-pronged advocacy campaign, including:

Building and strengthening relationships with Congressional champions,Deploying a vast grassroots army of volunteer leaders from across the country,Partnering with researchers, other organizations, and celebrity ambassadors—most notably the late actor Eric Dane and professional wrestler Tanea “Rebel” Brooks—to strengthen and amplify our message, andEngaging with top experts in government affairs and public relations.

This year alone, I AM ALS held more than 430 in-person and virtual advocacy meetings and calls, secured more than 38,000 online actions, sent more than 95,000 emails, and gathered more than 20,100 petition signatures in the final weeks before expiration.

Unlike any other legislation the neurodegenerative landscape has ever seen, ACT for ALS has already invested hundreds of millions of dollars into ALS research, provided investigational therapy access for more than 800 patients who would not otherwise have qualified, and built lasting infrastructure for future learnings.

“These past months didn’t just get a critical bill passed; they inspired a community that continually renews itself, welcomes new advocates, develops new leaders, and ensures that every generation is ready to fight for the next breakthrough,” said Troy Fields, volunteer co-chair of the I AM ALS legislative affairs team, and person living with ALS. “ALS is relentless, but we continue to prove so are we.”

“For the past five years, the ACT for ALS has advanced scientific research and helped people with ALS access the promising treatments they need. This reauthorization of the bill continues that work and lends hope to a future where there is a cure for ALS,” said Congressman Quigley. “I’m glad this important bill was signed into law, and I’m thankful to my colleagues in both the House and the Senate for getting this done.”

“I’m thrilled that the ACT for ALS Reauthorization Act has been signed into law, renewing our commitment to finding cures and treatments for ALS,” said Rep. Calvert. “As a Co-Chair of the bipartisan ALS Caucus, I know just how hard those impacted by ALS have worked to get this bill enacted and I applaud their tireless advocacy. With the ACT for ALS Reauthorization Act officially signed into law, we celebrate this victory while remaining focused on the work ahead to end this terrible disease.”

I AM ALS is calling on supporters to thank the Congressional champions who helped make this law possible at bit.ly/A4A-TY 

About I AM ALS

I AM ALS is a nonprofit organization leading what STAT News called the most successful patient advocacy campaign this century. We built a community movement to harness collective power and find treatments and a cure for ALS faster, while also creating lasting, systemic change. Our focus is on three areas:

Advocating for federal policy change to drive research, support, and treatments for ALS.Improving quality of life by providing volunteer and support opportunities to advocates and people living with ALS.Mobilizing and empowering advocates to raise awareness about ALS and other neurodegenerative diseases, and increase visibility of the ALS experience.

Learn more at www.iamals.org

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Atomic Mobile unveils multi-carrier IoT service connecting devices across the globe

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SPRING LAKE, N.J., Nov. 3, 2026 /PRNewswire/ — Atomic Mobile today introduced Atomic Orbit , a cellular internet service designed to maintain connectivity for IoT devices by utilizing multiple carrier networks. The service addresses the critical need for reliable data access in scanners, tablets, POS terminals, and smart meters that frequently move across varying signal environments. Atomic Orbit offers global reach across hundreds of operators worldwide.

Relying on a single carrier often leads to coverage gaps, especially for mobile assets or devices deployed in diverse geographic regions. Atomic Orbit solves this by providing access to three national carriers and 18 regional carriers within the United States, alongside global multi-carrier support. This architecture ensures that devices automatically switch to the strongest available signal, maintaining uptime for essential business operations. By eliminating the limitations of a single-provider model, the platform enables enterprises to deploy devices globally without the risk of localized dead zones.

Aaron Ogden, VP of of Customer Success, says “Over the years, I’ve worked across finance, energy, education, logistics, and healthcare, and I’ve seen how much day-to-day operations depend on reliable connectivity. Whether it’s a payment terminal processing a sale, a remote utility sensor reporting a reading, a fleet tracker sending its location, a field technician pulling up a work order on a tablet, or a backup solution, the connection matters wherever the work happens. A multi-carrier SIM gives organizations access to more than one network, helping keep devices connected as they move between locations or when coverage varies or fails.”

The implementation of eSIM technology further simplifies logistics, allowing enterprises to manage profits by reducing the operational complexity of physical hardware swaps when changing service plans or carriers. This flexibility is critical for organizations looking to scale their IoT footprint without increasing administrative overhead.

Core functionality

Network Agility: SIMs automatically transition between networks to secure the most robust connection available.Scalable Management: A centralized platform and API allow for bulk SIM management and the activation of both physical SIMs and eSIMs.Operational Transparency: Comprehensive audit logs track all modifications to SIM status, while integrated support ticketing systems streamline troubleshooting.

Learn more about Atomic Orbit at https://atomicmobile.com/products/orbit .

Atomic Mobile developed the product in response to direct requests from customers seeking a reliable multi-carrier service for connected devices both in domestic and international markets. The service is available now for enterprises requiring high-availability mobile connectivity. 

Media Contact:
Atomic Mobile
info@atomicmobile.com
www.atomicmobile.com

About Atomic Mobile
Atomic Mobile provides mobile connectivity and enablement solutions to MVNOs and enterprises worldwide. With a focus on reliability, transparency, and scalability, the company empowers its customers with comprehensive solutions across network services, usage visibility, billing, compliance, and customer operations.

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