Fingerprint Access Control Systems Market to achieve considerable growth in 2023, APAC to remain a dominant growth avenue

Asia Pacific Fingerprint Access Control Systems Market is predicted to grow at a CAGR of more than 7.5% in the coming years, driven by criminal activities, increased security concerns, and favorable government initiatives in countries such as India and China.

U.S. houses industry giants such as NEC Corp. of America and 3M Cogent, which will drive regional demand. Increasing requirement of security systems across the healthcare and consumer electronics sectors will drive U.S. fingerprint access control systems market.

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Banks and other financial organizations across the globe are incorporating high-end integrated technologies to mitigate security threats, avoid transaction frauds, and provide consumers with safe and secure account access. Adoption of biometric systems for personal identification and verification across the BFSI sector will be a major driving factor for fingerprint access control systems market.

Escalating demand for cloud-based biometric services is predicted to gain traction through the forecast time-period. The fingerprint access control systems market growth is attributed to the ability of the technology to deliver reliable and secure solutions. In addition, these cloud services deliver constant monitoring in comparison to other biometric solutions. Cloud-based biometric services are cost effective solutions for organizations as they require a huge cloud database to store user information. Increasing demand for advanced iris based or palm based authentication systems may hamper the fingerprint access control systems market growth.

Capacitive fingerprint access control systems are cost-effective and can be easily integrated into small devices, which results in their increased adoption across the healthcare and banking sectors. Capacitive fingerprint access control systems marketis projected to increase at a CAGR of almost 7.5% over the period of 2016-2023. Ultrasonic fingerprint access control system registers fingerprints via high sound frequency and is expected to exhibit significant growth during the forecast period.

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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 systems market.

Rising security concerns leading to an increasing demand for biometric systems will augment fingerprint access control systems industry growth. High rate of terrorist and criminal activities across the globe, increasing safety concerns, and advanced technological innovations will also fuel product demand. According to Global Market Insights, Inc., fingerprint access control systems market is anticipated to cross USD 4.5 billion by 2023, increasing at a CAGR of 7.2% during the forecast period.”

Table Of Content For This Research Report:

Chapter 4    Fingerprint Access Control Technology Insights

4.1    Fingerprint access control market share by technology, 2015 & 2023

4.2    Optical

4.2.1    Market estimates and forecast by region, 2012 – 2023

4.3    Capacitive

4.3.1    Market estimates and forecast by region, 2012 – 2023

4.4    Pressure

4.4.1    Market estimates and forecast by region, 2012 – 2023

4.5    Ultrasonic

4.5.1    Market estimates and forecast by region, 2012 – 2023

4.6    Thermal

4.6.1    Market estimates and forecast by region, 2012 – 2023

Chapter 5    Fingerprint Access Control Application Insights

5.1    Fingerprint access control market share by application, 2015 & 2023

5.2    Commercial

5.2.1    Market estimates and forecast by region, 2012 – 2023

5.3    Consumer Electronics

5.3.1    Market estimates and forecast by region, 2012 – 2023

5.4    Government

5.4.1    Market estimates and forecast by region, 2012 – 2023

5.5    Military & Defense

5.5.1    Market estimates and forecast by region, 2012 – 2023

5.6    Banking & Finance

5.6.1    Market estimates and forecast by region, 2012 – 2023

5.7    Healthcare

5.7.1    Market estimates and forecast by region, 2012 – 2023

5.8    Others

5.8.1    Market estimates and forecast by region, 2012 – 2023

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