18th February 2020 – The Fingerprint
Access Control Systems Market report provides in-depth analysis and
insights into developments impacting businesses and enterprises on global and
regional level. The study covers the global Fingerprint Access Control Systems
Market presentation regarding revenue contribution from multiple segments and
covers a comprehensive analysis of key market trends, drivers, restraints, and
opportunities influencing revenue growth of the industry. This research report
studies the market size, industry status and forecast, competition landscape
and growth opportunities.
Global Fingerprint Access Control
Systems Market is expected to reach USD 11.88 billion by 2024. Fingerprint
access control systems is a biometric access control system that allows an
enhanced level of security than passwords or cards. 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.
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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.
Thermal, optical, ultrasonic,
capacitive, pressure, and other product types could be explored in fingerprint
access control systems in the forecast period. The optical sector accounted for
the substantial market share of fingerprint access control systems and is
estimated to continue its dominance in the years to come. The reason behind the
overall market growth could be the rising use of electronic devices like
smartphones. In addition, the capacitive sector is estimated to grow at the
highest CAGR in the years to come.
The market may be categorized based on
applications like healthcare, commercial, banking & finance, consumer
electronics, military & defense, government, and others could be explored
in the forecast period. Commercial sector accounted for the significant market
share of fingerprint access control systems and is estimated to lead the
overall market in the years to come. The reason could be rising demand for
safety and security across the business sector. Also, the consumers electronics
sector is estimated to grow at the fastest pace in the years to come.
Some of the major objectives of this
report:
·
To present detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of global Fingerprint Access Control Systems Market.
·
To provide insights about
factors affecting the market growth. To analyze the Fingerprint Access Control
Systems Market based on various factors- price analysis, supply chain analysis,
porter five force analysis etc.
·
To provide historical and
forecast revenue of the Fingerprint Access Control Systems Market segments and
sub-segments with respect to four main geographies and their countries- North
America, Europe, Asia, and Rest of the World.
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
Trace and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product evolutions, and research and developments in the
Market.
·
To present strategic profiling
of key players in the market, comprehensively analyzing their basic
capabilities.
Some
of the Major Market Players Are:
ZKTeco, 3M Cogent, Aware, Inc., Cross
Match Technologies Inc., Diamond Fortress Technologies, ViRDI Tech, Daon Inc.,
Fingerprint Cards AB (FPC), Entertech Systems, Merkatum Corporation, Hitachi
Omron Terminal Solutions, Suprema Inc., NEC Corporation of America,
SecuGenCorporation, and Lockheed Martin Corporation.
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