The global fingerprint access control systems market is experiencing a major boost, due to the up surging need for security and customer protection from identity theft, as cyber scams, spamming, and hacking are increasing. As the e-commerce industry is growing continuously, the number of cases against fraud, identity theft, and hacking are also increasing. The construction of infrastructures and buildings is a key driver for the growth of the global fingerprint access control systems market, as new infrastructure demands higher security. The increasing population and urbanization are some of the other drivers of the global fingerprint access control systems market. Various security control programs have been started by the governments to reduce the number of identity theft cases. The government spending on biometric programs and equivalent systems is mainly driven by the national identity card programs and numerous electronic passport (e-passport) services in various countries. The increase in data security and integrity among mobile users are some of the major factors, responsible for driving the adoption of fingerprint access control systems in smartphones.
A user who is attempting to access a protected resource, places his or her finger on a fingerprint sensor or reader at an access point, where the system has been integrated. The fingerprint is then, scanned by the sensor and the image is transmitted to a server, where it is compared with a warehouse of the stored fingerprints. If the print matches any of the stored print, the individual is granted access.
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During the forecast period, the government and commercial sectors are anticipated to be the major application segments. The banking & financial sector is adopting this technology for safeguarding the access to crucial banking data and increase their security over mobile payments. Banks across the world are incorporating fingerprint biometric technology in their automated teller machine (ATM) to enhance security. The increased integration of fingerprint scanning technology in smart devices is expected to drive the growth of the consumer electronic application segment during the forecast period. The growing popularity of smart device with this technology is expected to drive the adoption of fingerprint access control systems across various applications. The requirement for tightening security in military & defense, border protection, and customs is also projected to fuel the market.
Crowdfunding campaigns have showed that there is plenty of scope for innovation. The world leading players in the Fingerprint Access Control Systems market are IDEMIA (Safran Group), Kaba, BOSCH Security, Johnson Controls, NEC Corporation, HID Global, ZKTeco, DDS, Hitachi, Suprema Inc., Union Community Co. Ltd, HWabo, BioLink Solutions, Matrix Systems, SecuGen Corportaion and so on. These Top companies currently account for more than 50% of the total market share and are expected to retain their dominating hold over the market during the forecast period. As consumer interest increases, this market will attract other major companies which want to extend their brand equity.
According to this study, over the next five years the Fingerprint Access Control Systems market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 2532.6 million by 2024, from US$ 1827.6 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Fingerprint Access Control Systems business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Fingerprint Access Control Systems market by product type, application, key manufacturers and key regions and countries.
This study considers the Fingerprint Access Control Systems value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- Optical
- Capacitive
- Ultrasonic
- Thermal
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- Commercial
- Residential
- BFSI
- Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- IDEMIA (Safran Group)
- Kaba
- BOSCH Security
- Johnson Controls
- NEC Corporation
- HID Global
- ZKTeco
- DDS
- Hitachi
- Suprema Inc.
- Union Community Co. Ltd
- Hwabo
- BioLink Solutions
- Matrix Systems
- SecuGen Corportaion
Research objectives:
- To study and analyze the global Fingerprint Access Control Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Fingerprint Access Control Systems market by identifying its various subsegments.
- Focuses on the key global Fingerprint Access Control Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Fingerprint Access Control Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Fingerprint Access Control Systems submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of content
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Fingerprint Access Control Systems Consumption 2014–2024
2.1.2 Fingerprint Access Control Systems Consumption CAGR by Region
2.2 Fingerprint Access Control Systems Segment by Type
2.2.1 Optical
2.2.2 Capacitive
2.2.3 Ultrasonic
2.2.4 Thermal
2.3 Fingerprint Access Control Systems Consumption by Type
2.3.1 Global Fingerprint Access Control Systems Consumption Market Share by Type (2014–2019)
2.3.2 Global Fingerprint Access Control Systems Revenue and Market Share by Type (2014–2019)
2.3.3 Global Fingerprint Access Control Systems Sale Price by Type (2014–2019)
2.4 Fingerprint Access Control Systems Segment by Application
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Global Fingerprint Access Control Systems Market is expected to reach USD 11.88 billion by 2024.
The system reads the print of the finger and matches it against the stored image that has already been taken.
The fingerprint access control systems market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
The factors that are playing a major role in the growth of the fingerprint access control system market are the rising demand for biometric solutions, growing demand from end-users, availability of innovative solutions and technological enhancement, and rising crime and terrorist activities.
However, developing palm and iris authorization systems may restrain overall market growth in the years to come.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/fingerprint-access-control-systems-market/request-sample Thermal, optical, ultrasonic, capacitive, pressure, and other product types could be explored in fingerprint access control systems in the forecast period.
It recognizes human beings through their physical uniqueness.
The system reads the print of the finger and matches it against the stored image that has already been taken.
The fingerprint access control systems market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/fingerprint-access-control-systems-market/request-sample The key driving factors responsible for the growth of Fingerprint Access Control Systems market : The factors that are playing a major role in the growth of the fingerprint access control system market are the rising demand for biometric solutions, growing demand from end-users, availability of innovative solutions and technological enhancement, and rising crime and terrorist activities.
However, developing palm and iris authorization systems may restrain overall market growth in the years to come.
Fingerprint access control systems market is segmented based on product type, application, and region.
