Global Fingerprint Access Control Systems Market Overview:
Fingerprint access control system is one of the most popular methods for authorization and individuality identification. Rising threats for national security due to illegal immigration is a prime factor driving the growth of fingerprint access control system Usage of fingerprint access control systems is increasing across the globe due to the higher standard of security. According to AMA, the Global Fingerprint Access Control Systems market is expected to see growth rate of 9.8% and may see market size of USD10.9 Billion by 2025.
- Rising security concerns, increasing adoption of homeland security, and high refugee influx
- Favorable government initiatives and standards
- Security and privacy of fingerprint access control system data and limited availability of cloud-based fingerprint access control solutions
- Lack of interoperability among these fingerprint access control systems with the existing systems
- Need for enhanced security for organizations and evolutions of e-voting in government sector
- Growing demand of BaaS in ecommerce and emergence of mobile cloud-based fingerprint access control system
- Limitations regarding data accuracy, security of the data, and high price of implementation
Some of the key players profiled in the report are Gemalto NV (Netherlands), Anviz Global (United States), Cross Match Technologies (United States), Virdi Tech (South Korea), Daon Inc. (United States), BioConnect (Canada), Gitachi Omron Terminal Solutions (Japan), Idtech 360 (India), NEC Corporation (Japan), Secugen Corporation (United States), Safran Group (France) and Suprema Inc. (South Korea). Additionally, following companies can also be profiled that are part of our coverage like Merkatum Corporation (United States), Fingerprint Cards AB (Sweden), Diamond Fortress Technologies (United States), Aware (United States) and Zkteco (China). Analyst at AMA Research see United States and Japanese Vendors to retain maximum share of Global Fingerprint Access Control Systems market by 2025. Considering Market by Component Type, the sub-segment i.e. Hardware will boost the Fingerprint Access Control Systems market.
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fingerprint Access Control Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fingerprint Access Control Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fingerprint Access Control Systems Manufacturers, Fingerprint Access Control Systems Service Providers, Distributors/Suppliers, Government and Private Organisations, Software Providers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.