European Union's revised Payments Services Directive requires two-factor authentication. Alongside a PIN, a biometric feature is likely to be the second. Europe's open banking framework requires so-called strong customer authentication for banks to share customer data with other providers, with biometrics one of the options.
According to the report, Growing Adoption of Biometric Fingerprint Scanners in the Financial Sector
is one of the primary growth factors for the market. The Rapid Digitization Combined with the Need to Adopt Stricter Customer and Employee Identification Protocols to Prevent Identity Theft and Fraud
is also expected to contribute significantly to the Biometric Fingerprint Scanner - market. Overall, Business
applications of Biometric Fingerprint Scanner -, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Biometric Fingerprint Scanner - market identified that the demand is rising in many different parts of the world as "The Advent of Artificial Intelligence (AI) To Monitor Behavioural Anomalies and Prevent Security Threats with Much More Precision". Furthermore, some recent industry insights like "On 10th June 2022, Miaxis launched the FAP30 fingerprint biometrics scanner with FBI-PIV certification. The SM-93 is described as a mobile ID optical fingerprint authentication scanner that requires contact. Miaxis says the SM-93 reader is a 15mm optical sensor with an IP65-rated FAP30 optical sensor with Miaxisí proprietary fingerprint recognition algorithm compatible with the NIST MINEX III extractor and matcher." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Biometric Fingerprint Scanner - market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Biometric Fingerprint Scanner - market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Biometric Fingerprint Scanner - market size is calculated using market estimation process, the Biometric Fingerprint Scanner - market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Biometric Fingerprint Scanner - market size has been validated using both top-down and bottom-up approaches.