The global fingerprint access control systems market is experiencing a major boost, due to the up surging need for security and customer protection from identity theft, as cyber scams, spamming, and hacking are increasing. As the e-commerce industry is growing continuously, the number of cases against fraud, identity theft, and hacking are also increasing.
The construction of infrastructures and buildings is a key driver for the growth of the global fingerprint access control systems market, as new infrastructure demands higher security.
The government spending on biometric programs and equivalent systems is mainly driven by the national identity card programs and numerous electronic passport (e-passport) services in various countries.
The increase in data security and integrity among mobile users are some of the major factors, responsible for driving the adoption of fingerprint access control systems in smartphones.
The increased integration of fingerprint scanning technology in smart devices is expected to drive the growth of the consumer electronic application segment during the forecast period. The growing popularity of smart device with this technology is expected to drive the adoption of fingerprint access control systems across various applications.
The requirement for tightening security in military & defense, border protection, and customs is also projected to fuel the market.
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The continuous developments in 3D biometrics are also propelling the growth of the global fingerprint access control systems market. The increase in number of research and developments taking place in the field of biometrics are boosting the growth of the global fingerprint access control systems market.
In 2014, North America dominated the global fingerprint access control systems market followed by Europe and Asia-Pacific. The increasing popularity of alternate biometric systems, such as iris, palm, and face recognition is anticipated to pose a challenge for the growth of the global market during the forecast period.
The technical inconsistencies and imitation with fingerprint capturing are also expected to restrict the revenue growth in the future.
Market Segmentation By Application
Military & Defense
Banking & Finance
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Anviz Global, CROSSMATCH, Aware Inc., Entertech Inc., MorphoTrust USA, SecuGen Corporation, SUPREMA, Hitachi Ltd., Diamond Fortress Technologies Inc., 3M are some of the competitors in the global fingerprint access control systems market.
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Source: on 2019-03-20 05:11:15
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