The Business Potential of Holograms
17 02 2009With industries and government waking up to piracy and counterfeits, the business of holograms has a promising future. Piracy regularly eats into the profits and reputation of big businesses. So much so that goods worth $600 billion are counterfeited every year. International alcohol brands lose approximately $300 million a year due to piracy.
In 2006, India lost $1,250 million to software piracy. This has made several businesses sit up and take steps to protect their interests. The use of holograms is one such measure.
Although the use of holograms in developed countries started in 1947, it started to gain popularity in India in the early 1990s. Brand identification and security were the main reasons behind their use. Each hologram is unique and one cannot recreate the same even with the same manpower and machinery. A hologram cannot be replicated, scanned, photocopied, or printed. That makes it an excellent security proof for brands. Holograms, thus, assure consumers about the quality of the brand. The government of India is one of their biggest users in the country. Voter ID cards, driving licenses, and passports carry security holograms; and with car theft on the rise, holographic security number plates are likely to be used for new vehicles.
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Categories : All, HoMAI, Counterfeiting, Hologram, Info Hologram & Holography, Brand Protection