What is Fingerprint Biometrics Market?
Biometrics are physical or behavioural human characteristics which are used to digitally identify a person. They are essential to identify person and to grant access to systems, devices or data. Fingerprints are used as they are considered unique to the individual. Hence they are used in combination to ensure greater accuracy of identification. It involve comparison of user's fingerprint to a stored fingerprint template in order to validate a user's identity. This fingerprint biometrics has the potential to make authentication quicker, easier and more secure than traditional passwords. Increasing concern regarding premises safety and security, the inclination towards fingerprint biometrics has been raised. In addition, the use of fingerprint biometrics at end use industries like military, defence and other confidential activities has impacted on the market in positive manner.
The market study is being classified and major geographies with country level break-up.
Centrify (United States), Fischer Identity (United States), HID Global (United States), NEC Corporation (Japan), Identity Automation (United States), ImageWare Systems (United States), BIO-key International, Inc. (United States), M2SYS Technology (United States), Apple Inc. (United States), Anviz Global. (United States), GreenBit Biometric Systems (Italy) and Lockheed Martin (United States) are some of the key players profiled in the study.
The market of Fingerprint Biometrics is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Fingerprint Biometrics for multiple functioning. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Analyst at AMA have segmented the market study of Global Fingerprint Biometrics market by Type, Application and Region.
On the basis of geography, the market of Fingerprint Biometrics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Focus of End Use Industries regarding Safety and Security
- Growing Adoptions of Fingerprint Biometrics for Premises Safety and Identification
- Increasing Regulations for Identification in Immigration
- Augmenting Preference for AFIS Technology for Fingerprint Biometrics
- High Investment Requirement for Technically keen Fingerprint Biometrics
- Growing Technological Advancements with Automation in Biometrics, & Security Infrastructure
- Increasing Demand at Military, Defence and Confidential Practises
- Rising Government Investment for Enhancing Security Infrastructure
- Data Security Concern
- Issue related Technical Operatabality
In 2018, Bank of Cyprus and Thales together has launched EMV card. It is biometric payment card. This card has fingerprint Biometrics. It is essential for contactless payment which has simplifies the process of payments in many ways. Thus, with this advancement, the demand for fingerprint biometrics in BFSI industry has been raised.
Key Target AudienceFingerprint Biometrics Manufacturers, Component -Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Fingerprint Biometrics Market?
"Rising Focus of End Use Industries regarding Safety and Security
" is seen as one of major growth factors of Fingerprint Biometrics Market in years to come.
2. Can we have customized study for Fingerprint Biometrics Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.