Absolute Markets Insights offers its latest published report ‘Fingerprint Biometrics Market By Technology (AFIS Technology, Non-AFIS technology); By Type (Single Finger, Multi Finger); By Application (Civil, Criminal); By End User (Government, Transit, Healthcare, BFSI, Others); By Region (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 – 2026’.
The author of the report analyzed that the global fingerprint biometrics market accounted for US$ 3.86 Bn in 2017. Global rise in the need for combating identity fraud and security breaches and protecting confidential data has led to an increased adoption of fingerprint biometrics systems across various organizations.
Anviz Global, FUJITSU, Fingerprint Cards AB, Fulcrum Biometrics, LLC., Gemalto NV, Idex ASA, NEC Corporation, Precise Biometrics, Inc., Synaptics Incorporated and Samsung Electronics Co., Ltd. amongst others.
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Global fingerprint biometrics market was valued at US$ 3.86 Bn in 2017 and is anticipated to reach US$ 6.51 Bn by 2022
The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions. A list of leading manufacturers have been given prime value to ensure their strategies are understood in this particular market.
The advent of advanced information and communication technologies have imparted the development of inexpensive fingerprint sensors. Unlike the traditional access control systems such as passwords or magnetic strip cards, the finger print biometrics has enabled reduce security threats and fraudulent incidences. The increase in these security risks has mandated that organizations revisit their strategies related to these risks and deploy fingerprint biometric solutions in their system. Fingerprint sensor is a device that has been harnessed in the development of effective and accurate access control solutions. They help organizations to identify valid users and take appropriate security measures. The recent developments in fingerprint biometrics has propelled the growth of fingerprint biometrics market globally.
Civil Application is Estimated to be the Fastest Growing Segment during the Forecast Period:
The rising global population has propelled the demand for fingerprint biometric solutions. Developing nations often lack an identity infrastructure, making it imperative to incorporate a system that helps identify and authenticate an individual easily. Fingerprint biometric system helps in maintaining the demographic data of individuals, which saves times to physically preserve peoples’ records. It has helped developing countries by enrolling citizens to enforce a one-person, one-vote system, thus minimizing incidences of frauds. These factors are driving the market growth and is further expected to propel demand for the same.
Asia Pacific is Anticipated to Hold a Significant Share in the Global Market:
Asia Pacific is considered as the fastest growing region in the fingerprint biometrics market. The increasing volume of population and rapid industrialization in this region, has attributed to the rising need for incorporating enhanced security to monitor access control for physical or logical assets. The shift towards the incorporation of convenient user identification from the traditional password-based access mechanism amongst different sectors is providing an impetus to the popularity of financial risk management software.
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This report presents a 360-degree overview of the competitive scenario of the Global Fingerprint Biometrics market. The report includes massive data relating to the recent product and technological developments observed in the market, complete with an analysis of the impact of these advancements on the market’s future development. The research report analyzes the global Fingerprint Biometrics market in a detailed manner by explaining the key aspects of the market that are expected to have a quantifiable influence on its developmental prospects over the forecast period.
Microeconomic and macroeconomic factors which affect the Pest Control Products market and its growth, both positive and negative, are also studied. The report features the impact of these factors on the ongoing market throughout the mentioned forecast period. The upcoming changing trends, factors driving as well as restricting the growth of the market are mentioned.
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