Fingerprint Access Control Systems Market Scope
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 2027.
Research Analyst at AMA estimates that United States and Japanese Vendors will contribute to the maximum growth of Global Fingerprint Access Control Systems market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Merkatum Corporation (United States), Fingerprint Cards AB (Sweden), Diamond Fortress Technologies (United States), Aware (United States) and Zkteco (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Fingerprint Access Control Systems market by Type (Microprocessor, Fingerprint Recognition Module and Liquid Crystal Display Module), by Application (Residential, Commercial, Military & Defense and Other) and Region with country level break-up.
On the basis of geography, the market of Fingerprint Access Control Systems 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).
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.
- Favorable government initiatives and standards
- Rising security concerns, increasing adoption of homeland security, and high refugee influx
- 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
- 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
- Limitations regarding data accuracy, security of the data, and high price of implementation
Key Target AudienceFingerprint Access Control Systems Manufacturers, Fingerprint Access Control Systems Service Providers, Distributors/Suppliers, Government and Private Organisations, Software Providers and Others