Biometric Access Control for Engineering Plant | Manufacturing Unit | Spectra

The global vehicle access control market size is expected to reach USD 17,257.9 million by 2025, registering a CAGR of 10.6% from 2019 to 2025, according to a new report by Grand View Research, Inc.

Growing concerns over safety and security of vehicles in developing as well as developed nations are expected to drive the demand for access control systems for vehicles over the forecast period.

Vehicle access control solutions can also contribute toward efficient traffic management as they can also be used to control vehicle access across tollways, bridges, and public buildings, thereby driving the market growth.The rising instances of car thefts all over the world are particularly necessitating the installation of vehicle access control systems.

For instance, a total of 773,139 vehicles were stolen in the U.S. in 2017, which was approximately 1% higher than the previous year.

Improved security features offered by the modern vehicle access control systems is particularly encouraging car owners to equip their cars with these systems.The biometric segment is expected to witness the fastest growth owing to the ability of biometric systems to ensure a high level of security for vehicles.

Biometric solutions can be based on various technologies, such as fingerprint recognition, face recognition, and iris recognition.

A biometric attendance system for employees helps track and monitor when employees start and stop work without much manual intervention and with accuracy.

It enables an employer to record their employees?

working hours and arrivals and departures, the duration and number of breaks, and nonattendance.

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MarketsandMarkets forecasts the facial recognition market size to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.2% from 2020 to 2025.

Growing importance of the surveillance industry, increasing investments in facial recognition technologies by government and defense sectors and Increased technological advancements across industry verticals to boost the growth of facial recognition market across the globe during the forecast period.Request For Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=995The major facial recognition vendors include 27 major vendors, namely  NEC Corporation (NEC) (Japan), Aware, Inc. (Aware) (US), Ayonix Corporation (Ayonix) (Japan), Cognitec Systems GmbH (Cognitec Systems) (Germany), NVISO SA (nViso) (Switzerland), Animetrics (US), Neurotechnology (Lithuania), Daon (Ireland), Stereovision Imaging, Inc. (SVI) (US), Techno Brain (Dubai), Innovatrics (Bratislava), id3 Technologies (id3) (Israel), Thales (France), Idemia (France), Nuance Communications, Inc. (Nuance) (US), BioID (Germany), Fulcrum Biometrics, LLC.

Partnerships, new product launches, acquisitions, and product enhancements have been the dominating strategies adopted by the major players from 2018 to 2020, which has helped them innovate their offerings and broaden their customer base.NEC partnered with software developers in New Zealand to develop NEC iQuarantine, a facial recognition mobile app which people can be used for location tracking, identity verification through biometrics, symptom monitoring of Covid-19, triage, case escalation and case intervention.

It offers self-assessment to the citizen and guide them on daily monitoring, capturing and update the centralized system.

In March 2020, Mark Ikeno, CEO, NEC Corporation of America announced that the health of his firm’s customers, partners, employees, and their families is important and hence NEC would adopt guidance from the US Center for Disease Control.

NEC reduced staff strength in Bay Area and only business critical functions were allowed.

COVID-19 Impact Analysis on Biometric Sensor Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.

The report encompasses data regarding market share and recent developments by key players.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Biometric Sensor include Crossmatch, 3M Company, NEC Corporation, Fulcrum Biometrics LLC, AB, IDEX ASA, Precise Biometrics, Suprema Inc., and ZKTeco Inc..

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Biometric Sensor Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/biometric-sensor-market/download-sampleMarket SegmentationThe broad Biometric Sensor has been sub-grouped into the Type, Application and Region.

The report studies these subsets with respect to the geographical segmentation.