Fingerprint Access Control System Market will be driven by increasing demand for biometric solutions owing to the intensifying security and safety threats

Fingerprint Access Control System Market will be driven by increasing demand across applications including healthcare, and banking & finance is expected to fuel the demand in the coming years. Moreover, technological advances and availability of innovative solutions to fulfill requirements from the government and commercial sectors may contribute to the fingerprint access control system market size. For instance, in 2016, IEI's introduced its latest Secured Series BioRead system that integrates both biometric enrollment software and access control. Fingerprint Access Control System Market will be driven by increasing demand across applications including healthcare, and banking & finance is expected to fuel the demand in the coming years. Fingerprint Access Control System Market is forecast to be valued at USD 4.5 billion in 2023. Increasing demand for secure recognition and authentication of individuals across various applications is driving the revenue. Prices of fingerprint technology are decreasing, this has increased the demand for the technology globally.Demand for biometric enrolment by government sector is an opportunity for the industry participants. Also, global implementation of biometric attendance systems throughout education and commercial sectors will boost the demand for fingerprint access control system market. Fingerprint Access Control System Market demand will be driven by increasing need for secure identification and personal verification systems across BFSI applications. Moreover, to eliminate transaction frauds and security breaches, numerous global financial institutions and banks are integrating biometrics technologies, such as fingerprint recognition, with access control systems in cellphone-based applications to provide customers secure access to online account. To access a sample copy or view the fingerprint access control system market report in detail along with the table of contents, please click the link below:www.gminsights.com/request-sample/detail/382 Rising adoption of smartphone technology is forecast to propel growth, this is largely due to the growing security concerns regarding the data integrity among users. Furthermore, the integration of mobile wallet technology is providing lucrative opportunities for the fingerprint access control system market. Multi utility technologies are trending in the industry. New fingerprint access control systems include features such as hand geometry, finger vein, palm vein, fingerprint, facial recognition, and voice. Finger vein recognition is an accurate technology which is difficult to forge as it is extremely difficult to duplicate. Optical fingerprint access control system market will dominate the revenue. It has features such as low-cost maintenance, physical resistance, high resolution, easy integration. Advancements in technology majorly focused at removing the stray light from another source and produce high contrast images. Capacitive technology is also anticipated to grow substantially over the forecast timeline it entails the capability of the capacitive systems to get integrated into cost-effective, small devices. The customers with high-security needs are widely adopting biometrics to ensure the identity authentication of the individuals, giving a boost to fingerprint access control system market. Furthermore, they are keen on eliminating the need for smart cards to evade the associated cost such as loss, or defective cards. North America will dominate the market due to presence of leading players in the U.S. It will be followed by Asia Pacific as a result of China's growing market share. Some of the key players in the fingerprint access control system market include 3M Cogent, SecuGen Corportaion, Lockheed Martin Corporation, NEC Corporation of America, Cross Match Technologies Inc., and Aware, Inc. Asia Pacific is anticipated to witness significant growth at over 7.5% CAGR from 2016 to 2023 due to rising government initiatives towards internal and external security in the attractive regions such as China and India fingerprint access control system market.