- Opportunity and Forecast, 2016-2025
A fingerprint access control system uses fingerprints for providing access to specific areas and is used for building security, employee management, internal communication, and other purposes. With advancements in technology and growing need for better security, biometric authentication is a necessity to avoid potential problems such as data breach, unauthorized access, and other threats. The level of authenticity can be dynamically adjusted as level of security threats changes. Technological advancements have enabled these systems to authenticate in less than one second. Manufacturers are including more features in fingerprint access control systems that do not require wiring or extra technical knowledge.
Increase in demand for biometric solutions with growing security and safety concerns, and ability to provide reliable solutions for access control and prevent security breaches & transaction frauds drive the growth of the global fingerprint access control system industry. However, growth in data vulnerability and privacy concerns limit this market growth. Advances in cloud computing and rise in demand in applications including healthcare, ICT, and banking & finance sectors are expected to create opportunities for growth.
The global fingerprint access control system industry is segmented based on application, technology, and geography. The application segment is further classified into banking & finance, commercial, consumer electronics, healthcare, government, and military & defense. Based on technology, the market is divided into capacitive, thermal, optical, pressure, and ultrasonic. The market is subsegmented geographically into North America, Asia-Pacific, Latin America, Europe, and Middle East & Africa.
Key players operating in the industry are 3M Cogent, Lockheed Martin Corporation, Cross Match Technologies Inc., SecuGen Corporation, NEC Corporation of America, Aware, Inc., Anviz Global, IDtech 360, Daon Inc., Safran Group, and Merkatum Corporation. These manufacturers have formulated new product launches, mergers & acquisitions, collaborations, partnerships, expansion, and joint ventures as their developmental strategies to strengthen their position and gain a competitive edge in the global industry.
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